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Res 124-91 8/6/1991 RESOLUTION NO. 4Z/- L RESOLUTION DETERMINING NECESSITY FOR ACQUISITION OF DRAINAGE EASEMENTS ON NORTHEAST DRIVE, APPROVING THE APPRAISALS, SETTING JUST COMPENSATION, AND AUTHORIZING PURCHASE OR CONDEMNATION. WHEREAS, it has been determined that the City of Wichita Falls must acquire two drainage easements in the 3100 block of Northeast Drive for the construction of an improved drainage channel; and, WHEREAS, appraisals have been completed on these easements and have been reviewed by the Property Administrator and are now on file in the Property Management Office. 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 purpose of constructing an improved drainage channel. SECTION 2 . The legal descriptions of the drainage easements to be acquired are as follows: Parcel #1 A 0. 007 acre tract out of a 0. 32 acre unplatted tract in Block 42, Wichita Gardens Homesteads. Parcel #2 A 0. 091 acre tract out of Block 41, Wichita Gardens Homesteads. SECTION 3 . The amount of just compensation for the drainage easements to be acquired is as follows: Parcel #1 $110,000 Parcel #2 $2, 677. 50 This amount is also the fair market value determined by Henderson Appraisal and Consultants, who were employed by the City to appraise these tracts. 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 I 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 Northeast Drive Drainage Project. PASSED AND APPROVED this the 6th day of August, 1991 . M A Y O R ATTEST: City Clerk