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AN ORDINANCE TO WAIVE COMPETITIVE BIDDING AND AUTHORIZE PURCHASE OF A 2016 GMC YUKON XL FROM CAVENAUGH AUTO GROUP FOR THE MAYOR'S OFFICE.
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BE IT ORDAINED by the City Council for the City of Jonesboro, Arkansas that:
WHEREAS, The Mayor's office of the City of Jonesboro, needs to purchase (1) new Yukon to replace an older Suburban. Said Yukon can be obtained from Cavenaugh Auto Group for a total of $64,893.79.
WHEREAS, The following Suburban will be traded in: 2013 Chevrolet Suburban, VIN Number 1GNSKKE70DR364027 with trade in amount of 45,393.79 leaving a net difference of $19,500.00.
NOW, THEREFORE, BET IT ORDAINED BY THE City Council for the City of Jonesboro, Arkansas:
SECTION 1: That the City Council in accord with the terms of A.C.A. Section 14-58-303 hereby waives the requirement of competitive bidding. Competitive bidding is not practical or feasible due to the trade in value difference between dealers, the current value is the highest price reduction for the trade.
SECTION 2: That the City Council directs the purchasing officer to purchase the above described truck for the price set forth above.
PASSED AND APPROVED this 19th day of January, 2016.