12942ORDINANCE NO 12,942
AN ORDINANCE AMENDING SECTION 2 -44 OF THE CODE
OF ORDINANCES PERTAINING TO PURCHASES; AND FOR
OTHER PURPOSES
BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF
LITTLE ROCK, ARKANSAS.
SECTION 1. Section 2 -44 of the Code of Ordinances of the
City of Little Rock, Arkansas pertaining to purchase procedures
is hereby amended to read as follows:
"Where the amount of expenditure for any purchase or
M contract authorized in section 2 -43 exceeds the sum of
ko
Two thousand, five hundred ($2,500.00) dollars the City
4 Manager or his authorized representative shall invite
u
0 competitive bidding thereon by legal advertisement pub -
.Q
ra lished one time in any local daily newspaper; bids received
a)
ra
pursuant to said advertisement shall be opened not less
v
than seven days nor more than thirty days following the
date of invitation to bid; thereupon in the event the
lowest responsible and responsive bid is more than five
thousand ($5,000.00) dollars, the City Manager shall transmit
to the Board of Directors all bids received thereon and the
Board of Directors, with the approval of the City Manager,
by Resolution duly passed, shall authorize the purchase or
contract to the lowest responsible and responsive bidder;
provided, however, the City Manager or Board of Directors may
reject any and all bids.
In the event the net price to be awarded on any contract
or purchase shall be less than five thousand ($5,000.00)
dollars the City Manager shall be authorized to award said
contract or purchase without transmitting the said bids to
the Board of Directors.
No personal property owned by the city shall be sold
or exchanged without competitive bidding unless the City Manager
shall certify in writing that in his opinion the f air market
value of such property is less than five thousand $5,000.00)
dollars.
cFo -gr7
-2-
The Board of Directors, by ordinance, may waive the
requirement of competitive bidding in exceptional situations
where such procedure is not feasible, but such exceptional
situations being lacking, the Board of Directors may not
except any particular bid from the requirement of competitive
bidding.
SECTION 2. This Ordinance shall be in full force and effect
from and after its passage.
PASSED: June 18, 1974
ATTEST:
City Cler
APPROVED: U)
Mayor