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Res 201-86 12/16/1986RESOLUTION NO. 201-86 RESOLUTION AUTHORIZING THE PURCHASE OF APPROX- IMATELY 6 ,500 ACRES OF LAND FOR THE RINGGOLD RESERVOIR FROM H. MACON BODDY AND OTHERS. WHEREAS, the City of Wichita Falls anticipates the con- struction, operation and maintenance of a dam facility across the Little Wichita River in Clay County, Texas, approximately ten (10) miles northwest of Ringgold, Texas, which is necessary for the impounding of water for the City; and, WHEREAS, the City staff and City Attorney have pursued a negotiated purchase in lieu of eminent domain of approximately 6,500 acres of land up to 844 . 2 mean sea level at fair market value, which land is necessary for the construction, operation and maintenance of this project from H. Macon Boddy, Macon Clark Boddy, and Labotex; and, WHEREAS, H. Macon Boddy, Macon Clark Boddy and Labotex have agreed to sell to the City of Wichita Falls the above- referenced property at the fair market value and upon the terms and conditions previously negotiated. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The Mayor of the City of Wichita Falls , Texas is hereby authorized, empowered and directed to execute and deliver for the City of Wichita Falls such consideration and documents as are necessary to accomplish the purchase of approximately 6 ,500 acres of land necessary for the Ringgold Dam and Reservoir from H. Macon Boddy, Macon Clark Boddy and Labotex, and to perform such acts and deeds and to execute and deliver in the name and under the official seal and on behalf of the City of Wichita Falls all such instruments, whether or not herein mentioned, as may be necessary or desirable in order to carry out the terms and provisions of this resolution. PASSED AND APPROVED this the 16th day of December, 1986. M A Y O R//,. j ATTEST: City Clerk