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1366ORDINANCE NO. ~(n~n AN ORDINANCB TO WAIVE COMPETITIVE BIDDING, DECLARING AN EMERGENCY 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; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARHANSAS: 1. Competitive bidding be waived for the purchase of real property adjacent to the West Memphis Municipal Airport designated as tract 3 and tract 4 and as further described in the legal descriptions attached hereto as exhibits A and B, which are incorporated herein. Competitive bidding is being waived for the reason that this is real property which is available form one source and, under the circumstances, competitive bidding would not be feasible or practical. 2. Emer~encv 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 proceed with the acquisition of the property for the development of the West Memphis Municipal Airport, 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 ~_ day of _~~~, 1989. ,~. ATTEST: DAN CRAFT, y C erk SORED BY: ~ ~ K TH M. INGRAM, Mayo v