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17001 ORDINANCE NO. I~DO AN ORDINANCE WAIVING COMPETITIVE BIDDING ON PROPERTY CASUALTY INSURANCE FOR ALL CITY OWNED BUILDINGS, ESTABLISHING AN EMERGENCY AND FOR OTHER PURPOSES. WHEREAS, Arkansas Code Annotated Section 14-58-303 allows waiving of competitive bidding in exceptional situati~n~ where such procedure ~ is deemed not feasible or practical; and WHEREAS, the City of West Memphis is in nead of renewing property casualty insurance for all city owned buildings; said insurance to be purchased for a yearly premium of $17,284.00 and to be purchased from J. H. Hale Insurance; and WHEREAS, it would not be feasible or practical to conduct competitive bidding for such services; 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 services to be used by the City, described as follows: Property casualty insurance for all city owned buildings to be purchased at a yearly premium of $17,284.00 and to be purchased from J. H. Hale Insurance. 2. EMERGENCY CLAUSE. It having been found and determined by the City Council of the City of West Memphis, Arkansas, that there is an urgent need by the City of West Memphis to renew property casualty insurance on all city owned buildings and that it is not feasible or practical to conduct competitive bidding for such services and that time is of the essence, an emergency is hereby declared to exist, and this Ordinance being necessary for the preservation of the public peace, health, safety and welfare of the citizens of West Memphis, Arkansas, shall be in full force and effect from and after the date of its passage and approval. PASSED AND APPROVED this ~"(L4 day of _~'c~"Scab' 6" ~ 19 R~ '~ AL BOALS, M. Y'or ~r ATTEST: DAN CRAFT, k SPONSORED BY: RECEIVED CITY CLERK OFFICE DATE $-~0~9~ lc~~_3~2a'"" D. ~.ylat, CaJ