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2305 ORDINANCE NO. o2 3=:)S AN ORDINANCE TO APPROVE THE AGREEMENT BETWEEN THE CITY OF WEST MEMPHIS PUBLIC FACILITIES BOARD AND WARD WIMBISH FOR CONSULTING SERVICES PROVIDED TO THE PUBLIC FACILITIES BOARD,AND FOR OTHER PURPOSES. WHEREAS, in 2007 the City of West Memphis Public Facilities Board and Ward Wimbish entered into an agreement for consulting services to be provided to the Public Facilities Board for the marketing of properties of the Public Facilities Board and other purposes; and WHEREAS, the terms of the agreement provided for compensation in the amount of $25,000 per year, which has since been increased to $26,000 per year; and WHEREAS, the Public Facilities Board reimburses the City of West Memphis for the amount of the compensation for the consulting services in exchange for the City of West Memphis providing administration and accounting services for the Public Facilities Board; and WHEREAS, the Division of Legislative Audit has determined that an ordinance is required approving the agreement between the Public Facilities Board and Ward Wimbish as the Board's consultant; NOW,THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS,ARKANSAS, THAT the City Council hereby retroactively ratifies and approves, from the date of the agreement forward, the agreement between the City of West Memphis Public Facilities Board and Ward Wimbish for consulting services to be provided to the Public Facilities Board, and further approves for the City of West Memphis to handle the administration and accounting services associated with the agreement on behalf of the Public Facilities Board in exchange for reimbursement from the Public Facilities Board for any and all amounts paid pursuant to the agreement. PASSED AND APPROVED THIS '}�' day of OC"to Bail , 2012. 424-4°) WILLIAM H. JOHNSON, MAYOR ATTEST: PHILL , CITY CLERK SPONSORED BY: RECEIVED City Clerk's Office Date/Time o4 ii :so c y Awala..(