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ORD NO 24-1980 CITY OF VAN BUREN ARKANSAS ORDINANCE NO _2 .1-1980 1 C r k AN ORDINANCE AUTHORIZING THE MAYOR TO NEGOTIATE FOR THE PURCHASE OF 1979 OLDSMOBILE NOW BEING LEASED'BY'THE CITY. WHEREAS; the,Citytof Van{Buren is currently leasing a 1979 Oldsmobile Delta Royale 4 door.automobile, from Jacks Motor Company at a cost of $235'.00 per month, and WHEREAS, said lease will expire oh December 31, 1980, and WHEREAS, Jacks Motor Company has offered to sell the above described automobile to the City of Van Buren at;a price of $5,500.001 and WHEREAS,-;said-lease could be terminated and said purchase consummated as of July 31:1980, 'and WHEREAS, SeCtion 19 -4425 of the Arkansas Statutes., annotated, provides that,the governing body, by Ordinance,' may waive the. requirement of.com petetive bidding in exceptional situations-where such procedure .is` not deemed feasible or practical.. NOW, THEREFORE, BE IT ORDAINED BY. THE CITY COUNCIL OF THE CITY OF VAN BUREN,_ ARKANSAS: 1. That the City Council waives the requirement of competetive -bidding in this particular- case as such procedure. is not deemed feasible .or practical. 2. That the M is authorized and directed to negotiate the pur- chase of said 1979 Oldsmobile. 3. That this Ordinance being necessary for the immediate preservation of the public; peace; health and safety, an emergency is declared. and.this Ordinance shall .be and take effect and be in full force after- its passage and approval.- PASSED AND APPROVED THIS 21st DAY OF July 19 80 MAYOR. 2AT.TESTEE. Of s/ ITY CLERK TREASURER