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ORDINANCE NO. AN ORDINANCE TO AUTHORIZE THE CITY OF BATESVILLE TO CONDUCT BUSINESS WITH CERTAIN INDIVIDUALS WHO SERVE AS MEMBERS OF THE CITY COUNCIL, CITY EMPLOYEES, VARIOUS COMMISSIONS, AND BOARDS OF THE CITY OF BATESVILLE; DECLARING AN EMERGENCY; AND FOR OTHER PURPOSES. WHEREAS, the City of Batesville, Arkansas recognizes the importance of certain financial services provided to the City by the Bank of Cave City ("BCC"); and WHEREAS, a certain member of the City Council also serves in an executive role at BCC, 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 Council member, employee, board or commission member profits from directly or indirectly through their position at said entity; 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 BCC and approves the following individuals' roles within the City: Name Position with City Role with Bank of Nature of the Entity Cave City Bank of Cave City Business Julie Hinkle City Council Vice President of Financial Services Member Batesville Branch NOW, THEREFORE, BE IT ORDAINED AND ENACTED BY THE CITY COUNCIL OF THE CITY OF BATESVILLE, ARKANSAS, THAT: SECTION ONE: Pursuant to Ark. Code Ann. § 14-42-107, the Council of the City of Batesville hereby approves and authorizes the City to conduct business with the Bank of Cave City, acknowledging the positions held by Julie Hinkle, who serves on the City Council. SECTION TWO: The City Council affirms that it is in the best interest of the City to receive the financial services provided by BCC, and that the involvement of this individual does not impair their ability to serve or act in the City's best interest.