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1701ORDINANCE NO. ~~0~ AN ORDINANCE ESTABLISHING A PROCEDURE FOR PURCHASING, SALE, OR EXCHANGE, OF PROPERTY IN COMPLIANCE WITH ACT NO. 812 OF 1995 AND ARKANSAS CODE 14-58-303 THROUGH 14-58-305; REPEALING ORDINANCE NOS. 1225, 1362, 1380 AND 1384. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS: section 1. That Ordinance Nos. 1225, 1362, 1380 and 1384 are hereby repealed. ~ c~ tion 2. That the Mayor, or the Mayor's duly authorized repre- sentative shall have exclusive power and responsibility of making purchases of all supplies, apparatus, equipment and materials for the City of West Memphis, Arkansas, where the total expenditure therefor is one thousand ($1,000.00) dollars or less. Section 3. That all purchases for the City of West Memphis, Arkansas, of supplies, apparatus, equipment where the expenditure therefor is in excess of one thousand ($1,000.00) dollars but ten thousand ($10,000.00) dollars or less shall be made by the Mayor, or the Mayor's duly authorized representative after the securing of quotation bids thereof. A written List of the quota- tion bids obtained shall be attached to the invoice when it is presented for payment. Section 4. That where the amount of expenditure for any purchase or contract exceeds the sum of ten thousand ($10,000.00) dollars the Mayor or the Mayor's duly authorized representative, shall invite competitive bids thereon by legal advertisement in any local newspaper. Bids received pursuant to said advertisement shall be opened and read in a City Council meeting by the Mayor or the Mayor's duly authorized representative and copies of the bids shall be filed in the City Clerk's office. The bids shall be referred to the Mayor, and any committee appointed by the Mayor or City Council, for their review and disposition. The contract shall be awarded to the lowest responsible bidder; provided the Mayor, and any committee designated to review bids, may reject any and all bids received. A copy of the bid summary sheet shall be attached to the invoice when it is presented for payment. ~egtion 5. That the Mayor, or the Mayor's duly authorized repre- sentative, may approve for payment out of any funds previously appropriated for that purpose, or disapprove any bills, debts or liabilities, where the total expenditure therefor is fifty thou- sand ($50,000.00) dollars or less. Provided, however, the Mayor's approval of expenditures for bonded indebtedness, pur- chase of electric power, payment of taxes and payment to Critten- den County for sales tax distributions shall not be restricted to ~,, ', the above limitation. The payment or disapproval of any bills, debts or liabilities not covered by a previous appropriation and those that exceed the above limitation shall require confirmation of the City Council. ection 6. That no supplies, materials or equipment shall be sold without receiving competitive bids thereof; provided, howev- er, if the Mayor shall certify in writing to the governing body that in the Mayor's opinion, the fair market value of such item or lot (to be disposed of in one unit) is less than five thousand ($5,000.00) dollars, the same may be sold by the Mayor without competitive bidding. section 7. All ordinances or parts of ordinances in conflict herewith are hereby repealed. PASSED AND APPROVED this ,~_ day of -~-pTaY1.BER__, 1995. ATTEST: ~~ MAYOR CI CL SPONSORED BY• ~_ ~4~-~ MAYOR R fC>:1VED CITY CLERK OFFICE ~. /.S-a n~ DATE h~ c,h~l_.~c~~1-ti~O~J