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2176ORDINANCE NO. 2176 AN ORDINANCE WAIVING COMPETITIVE BIDDING ON LIFE INSURANCE FOR CITY EMPLOYEES WITH METLIFE, AND FOR OTHER PURPOSES. WHEREAS, Arkansas Code Annotated Section 14-58-303 allows waiving of competitive bidding in exceptional situations where such procedure is deemed not feasible or practical; and WHEREAS, there are many items necessary for the City's use where competitive bidding is deemed not feasible or practical; and WHEREAS, the Insurance Committee has recommended that the City obtain life insurance for City employees through Metlife and competitive bidding would not be feasible or practical; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS: 1. That competitive bidding be waived for the following item to be used by the City, described as follows: Life insurance for city employees with Metlife. Competitive bidding is being waived for the reason that the Insurance Committee has considered the terms of insurance policies and has recommended the life insurance policy of Metlife and competitive bidding would not be feasible or practical. PASSED AND APPROVED this 17th day of January , 2008. .-'/~ . - WILLIAM H. JOHN ON, Mayor REC~ivE® City Clerk's Office Date/Time..l~~~~5 ~' ATTEST: ~. -~ PHI RA, City Clerk SPONSORED BY: ~.