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Home My WebLink About22593 1 ORDINANCE NO.22,593 2 3 TO INCREASE THE PURCHASE THRESHOLD LEVEL FOR 4 PURCHASES WHICH DO NOT REQUIRE COMPETITIVE BIDDING 5 AND ARE UNDER FIFTY THOUSAND DOLLARS ($50,000.00) 6 PURSUANT TO ARKANSAS CODE ANNOTATED § 14-58-303; AND FOR 7 OTHER PURPOSES. 8 9 WHEREAS,the purchase threshold for purchases which do not require competitive bidding and are 10 under Fifty Thousand Dollars ($50,000.00) ("Threshold") is mandated by Ark. Code Ann. § 14-58-303; 11 and, 12 WHEREAS, Ark. Code Ann. § 14-58-303 mandates that, except as provided elsewhere in the 13 Arkansas Code, before January 1, 2025 the Threshold was Thirty-Five Thousand Dollars ($35,000.00); 14 and, 15 WHEREAS, Ark. Code Ann. § 14-58-303 mandates that, except as provided elsewhere in the 16 Arkansas Code, beginning January 1, 2025, and on each January 1 at subsequent five (5)-year intervals, 17 the amounts in Ark. Code Ann. § 14-58-303 shall be adjusted to reflect the percentage increase in the 18 Consumer Price Index for All Urban Consumers or its successor, as published by the United States 19 Department of Labor for the five(5)years immediately preceding the percentage increase,and rounded to 20 the nearest whole number;and, 21 WHEREAS, the State of Arkansas Department of Finance and Administration has determined that 22 the adjusted Threshold is Forty-Two Thousand Nine Hundred Twenty-One and 00/100 Dollars 23 ($42,921.00); see Exhibit A;and, 24 WHEREAS,the City of Little Rock wishes to adopt the adjusted Threshold of Forty-Two Thousand 25 Nine Hundred Twenty-One Dollars ($42,921.00)for purchases which do not require competitive bidding 26 and are under Fifty Thousand Dollars($50,000.00). 27 NOW,THEREFORE,BE TT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY 28 OF LITTLE ROCK,ARKANSAS: 29 Section 1. The City of Little Rock Board of Directors hereby adopts the adjusted Threshold of Forty- 30 Two Thousand Nine Hundred Twenty-One and 00/100 Dollars ($42,921.00) for purchases which do not 31 require competitive bidding and are under Fifty Thousand Dollars($50,000.00). 32 Section 2. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 33 word of this ordinance is declared or adjudged to be invalid or unconstitutional, such declaration or [Page 1 of 2] 1 adjudication shall not affect the remaining portions of the ordinance which shall remain in full force and 2 effect as if the portion so declared or adjudged invalid or unconstitutional was not originally a part of the 3 ordinance. 4 Section 3. Repealer.All laws, ordinances,resolutions,or parts of the same,that are inconsistent with 5 the provisions of this ordinance,are hereby repealed to the extent of such inconsistency. 6 7 PASSED: March 18,2025 8 ATTEST: APPROVED: 9 10 11 Allison Segars,City erk Frank Scott,Jr. ayor 12 APPROVED AS TO LEGAL FORM: 13 v�14 �IL�1�tit-e(/J 15 Thomas M.Carpenter,City Atto y 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 // 29 // 30 // 31 // 32 // 33 // 34 // [Page 2 of 2]