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Res 082-86 7/1/1986RESOLUTION NO. ja-4g". RESOLUTION APPROVING THE APPRAISAL OF PROPERTY FOR THE TWO TANK SITES ON THE CYPRESS-REILLY ROAD WATER- LINE , SETTING JUST COMPENSATION, AND AUTHORIZING PURCHASE OR CONDEMNATION. WHEREAS , Biggs & Mathews, Inc. , has completed the surveying and engineering work on the Cypress-Reilly Road waterline; and, WHEREAS , it has been determined that the City of Wichita Falls must now acquire a 1 .41 acre tract south of U.S . 287 Expressway west of City View Drive and a 1 .27 acre tract on Reilly Road west of City View Drive to be used as the sites for the one-million gallon elevated tank sites on this project; and, WHEREAS, the proposed tank sites have now been appraised by an independent appraiser employed by the City of Wichita Falls, and the appraisals 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. The legal descriptions of the property to be acquired in fee simple title are as follows : Parcel #217-A A 1 .41 acre tract of land out of the G. W. Scott Survey No. 12 , Abstract 254 , and being part of a 257 .7 acre tract of land recorded in Volume 284 , Page 591 of the Wichita County Deed Records , and being more specifically described by metes and bounds in a field survey prepared by Biggs & Mathews, Inc . , on May 14 , 1986 . Parcel #232-A A 1 . 27 acre tract of land out of the N. Dembriski Survey, Abstract 66 , and being part of a 168 acre tract of land recorded in Volume 952 , Page 386 of the Wichita County Deed Records , and being more specifically described by metes and bounds in a field survey prepared by Biggs & Mathews, Inc . , on May 15 , 1986 . SECTION 2 . The amount of just compensation is to be set at 7 , 050 .00 for Parcel #217-A and at $3 ,810 .00 for Parcel #232-A, which is also the fair market value determined by a real estate appraiser employed by the City of Wichita Falls . The City Manager is hereby authorized to acquire fee simple title to Parcel #217-A and #232-A, as described above, in the name of the City of Wichita Falls . SECTION 3 . In the event that the City Manager is unable to purchase such parcels for the appraised value, he 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 Manager is hereby authorized and directed to cause to be instituted condemnation proceedings to obtain such property in the name of the City of Wichita Falls for the Cypress-Reilly Road Waterline Project. PASSED AND APPROVED this the 1st day of July, 1986 . UfA414‘)1111MA6/4' MAY : R ATTEST : c ?rn J' m City Clerk 2