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1794ORDINANCE NO. 1794 (423 - 2025) AN ORDINANCE TO AUTHORIZE THE CITY OF JACKSONVILLE TO CONDUCT BUSINESS WITH CERTAIN INDIVIDUALS WHO SERVE AS MEMBERS OF VARIOUS COMMISSIONS AND BOARDS OF THE CITY OF JACKSONVILLE; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. WHEREAS, the Jacksonville City Council recognizes the importance of certain financial services provided to the City by First Arkansas Bank & Trust ("FAB&T"); and WHEREAS, certain members of City boards and commissions also serve in executive roles at FAB&T, which provides financial services to the City; and WHEREAS, Ark. Code Ann. § 14-42-107 requires the governing body of a municipality to approve by ordinance any contract or business arrangement between the municipality and an entity in which a board or commission member holds a significant interest or executive position; and WHEREAS, the City Council acknowledges the following affiliations and finds it to be in the City's best interest to continue its financial relationship with FAB&T and approves the following individuals' roles within the City: Name Roger Sundermeier Larry Wilson Position with City Entity Chairman, Advertising & Promotion Commission Commissioner, Jacksonville Water Works Commission Role with FAB&T Senior Vice President & Chief Brand Officer Chief Executive Officer and Chairman Nature of FAB&T City Business Financial Services Financial Services NOW, THEREFORE, BE IT ORDAINED AND ENACTED BY THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: Pursuant to Ark. Code Ann. § 14-42-107, the Jacksonville City _ Council hereby approves and authorizes the City of Jacksonville to conduct business with First Arkansas Bank & Trust, acknowledging the executive positions held by Roger Sundermeier and Larry Wilson, who serve on City commissions. SECTION TWO: The City Council affirms that it is in the best interest of the City to receive the financial services provided by FAB&T, and that the involvement of these individuals does not impair their ability to serve or act in the City's best interest. SECTION THREE: The provisions of this ordinance are severable. If any section, clause, or provision is found to be invalid, the remainder shall remain in full force and effect. SECTION FOUR: All ordinances or parts thereof in conflict with this ordinance are repealed to the extent of such conflict. SECTION FIVE: Emergency Clause. Due to the need to ensure uninterrupted financial services and maintain continuity of operations for the benefit of the citizens of Jacksonville, an emergency is hereby declared. Therefore, this ordinance shall be in full force and effect from and after its passage and approval. APPROVED AND ADOPTED THIS 21sT DAY OF AUGUST, 2025. CITY OF JACKSONVILLE, ARKANSAS ATTEST: ELMORE, MAYOR SUSAN DA-KITT, CITY CLERK AS TO FORM: STEP14ANIE FRIEDMAN, CITY ATTORNEY