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1569j ORDINANCE NO. ~5~~9 AN ORDINANCE WAIVING COMPETITIVE BIDDING, ESTABLISHING AN EMERGENCY AND FOR OTHER PURPOSES. WHEREAS, Arkansas Code Annotated Section 14-58-303 allows waiving of competitive bidding in exceptional situations where ry~ such procedure is deemed not feasible or practical; and ~a~ 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 health and life insurance for City employees through Benefit Trust and Life Insurance Company 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: Group health insurance and life insurance for city employees with Benefit Trust and Life Insurance "'„ Company . Competitive bidding is being waived for the reason that the Insurance Committee has considered the terms of insurance policies anal has recommended the group health insurance policy and the life .insurance policy of Benefit Trust and Life Insurance Company and competitive bidding would not be feasible or practical. 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 maintain health insurance and life insurance on city employees, 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 th i s ZZ N'"-'day o f _ Le-C--2 ~u~ Q./ , ;~ 1992-. ATTEST: DAN CRAFT, C~,~ Clerk SPONSORED BY: r K ITH M. INGRAM, May r ~r RECEIVED CITY CLERK OFFICE DATE to-.zi ~~~- a~l°P'`'