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Res 002-95 1/3/1995s r RESOLUTION NO. -61 t A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, DETERMINING NECESSITY FOR ACQUISITION OF PROPERTY FOR THE RIVER BEND NATURE WORKS PROJECT, APPROVING THE APPRAISALS, SETTING JUST COMPENSATION, AND AUTHORIZING PURCHASE OR CONDEMNATION; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS DISCUSSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the City of Wichita Falls and the Junior League of Wichita Falls have joined together to develop the River Bend Nature Works Center in Lucy Park; and, WHEREAS, certain parcels of real estate must now be acquired for this development. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. It is necessary that the City of Wichita Falls acquire the hereinafter described property located in Wichita Falls, Wichita County, Texas, for the River Bend Nature Works Project. SECTION 2. The legal descriptions of the property to be acquired in fee simple title are as follows: NW #3 A 60' x 135' tract out of the J. A. Scott Survey No. 18, A -300, a /k /a 2206 Third Street NW #4 A 60' x 135' tract, a 30' x 61.5' tract, and a 30' x 135' tract out of the J. A. Scott Survey No. 18, A -300, a /k /a 2208 Third Street. SECTION 3. The amount of just compensation for Parcel NW #3 is $9,500.00, and Parcel NW #4 is $23,000.00. Said amounts are also the fair market value determined by Henderson Appraisal and Consultants, who were employed by the City to appraise the property. SECTION 4. In the event the Property Administrator is unable to purchase the parcels for the appraised value, the City Manager is authorized to increase the offer when, in his judgment, it appears to be in the best interest of the City to do so to save the cost of condemnation. If both parties are unable to agree upon a value for the property, the City Attorney is hereby authorized to institute condemnation proceedings to obtain such property in the name of the City of Wichita Falls for the River Bend Nature Works Project. SECTION 5. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 3rd day of January, 1995. ATTEST: City Clerk M A O R ATTEST: City Clerk