Res 2508 4/15/1980RESOLUTION NO. 2508
RESOLUTION APPROVING BIDS FOR OIL LEASE ON TWO
ACRES OF LAND IN BLOCK 5, LEAGUE 2, DCSL, OFF
SEYMOUR HIGHWAY, JOINTLY OWNED BY THE CITY OF
WICHITA FALLS AND WICHITA COUNTY WATER IMPROVE-
MENT DISTRICT NO. 2.
WHEREAS , in the second week of March, 1980, bids were
received by the Wichita County Water Improvement District,
and the City of Wichita Falls for the leasing of two acres
of land in Block 5, League 2, Denton County School Lands for
the purpose of drilling an oil well; and,
WHEREAS , only one bid was received from W. C. Winfrey,Y.
2416 Brentwood, Wichita Falls, Texas, and ro osed twoPP
propositions to Wichita County Water Improvement District
No. 2 and the City. One proposal of $2,100. 00 Cash Bonus
and 3/16ths royalty and the other of no Cash Bonus but
with 1/4th royalty. Both propositions to drill a well with-
in 90 days; and,
WHEREAS, it would be more advantageous to the City and
Wichita County Water Improvement District No. 2 to accept
no Cash Bonus and 1/4 royalty.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN
OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
The Board of Aldermen of the City of Wichita Falls do
hereby approve the bid of W. C. Winfrey in the amount of no
Cash Bonus plus 1/4th royalty, and hereby authorize the
City Manager to sign a lease agreement on behalf of the City
of Wichita Falls.
PASSED AND APPROVED this the 15th day of April, 1980
MAYOR
ATTEST:
City Clerk