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2111ORDINANCE NO. ~ l 11 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~ec~t~-~A m~tt~~. 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: Me}I ~ Fe. . 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~ and competitive bidding would not be feasible or practical. PASSED AND APPROVED this 2nd day of ,December, 2004. WILLIAM H. JOHnson, Mayor AS Amended 12-2-04 ATTEST: _._--- PHILLIP P ,City Clerk 'P~ ~~~ ! SPONSORED BY: RECEIVED City Clerks 4ffjce ®ate/1'ime Qy ° `~ ~~ ~ PPti --~ _ ~-