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Res 148-87 9/1/1987RESOLUTION NO. 148-87 RESOLUTION APPROVING PUBLIC SALE BY WICHITA COUNTY WATER IMPROVEMENT DISTRICT NO. 2 OF SURPLUS TWO ACRE TRACT OF LAND TO SAM HUNTER, AND AUTHORIZING DEED TO WATER DISTRICT OF CITY'S INTEREST. WHEREAS, Wichita County Water Improvement District No. 2 acquired the hereinafter described tract of land on March 1, 1938, at a sheriff ' s sale under a judgment for delinquent taxes; by deed dated March 23 , 1948, recorded in Volume 475, Page 231, Wichita County Deed Records, the Water District conveyed an undivided two-thirds interest in the land to Wichita County Water Improvement District No. 1, whose assets are now owned by the City of Wichita Falls; and, WHEREAS, this land was used for many years, but now has become surplus; the Water District advertised the land and sold it to Sam Hunter for $30,101. 00, he being the highest bidder for such land; and, WHEREAS, in order to convey good title to the purchaser, it is necessary for the City to convey its interest in this land to the Water District. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The sale of said tract of land by the Water District to Sam Hunter is hereby approved. In consideration of its pro rata share of the proceeds from such sale, the City Manager is hereby authorized to execute for the City of Wichita Falls a deed conveying its undivided two-thirds interest in said tract,being the north two acres of Lot 43 of the Valley Subdivision adjoining the City of Iowa Park, as described in the deed to Wichita County Water Improvement District No. 1, which deed is re orded in Volume 475, Page 231 of the Deed Records of Wichi = Coun y, Texas, to Wichita County Water I pr•vement Dist ' •t No. . PASSED AND APPROVED this e day of Se t •mber, 1987. M A Y O R ATTEST: tim.i..,)( '':44:9,ktArae,/ City lerk