Res 2164 6/6/1978RESOLUTION NO. 0116<
RESOLUTION AUTHORIZING EXCHANGE WITH TAYLOR
FOUNDRY COMPANY, INC. OF CITY-OWNED LAND
FOR LAND NEEDED FOR KELL FREEWAY.
WHEREAS, heretofore the City of Wichita Falls acquired
the following two tracts of land when it was acquiring land
for the construction of Kell Boulevard, to-wit:
Tract "A" . A tract of land located within the J. A.
Scott Survey No. 10, Abstract 302, Wichita County, Texas,
being all of the remainder, after Kell Boulevard right-of-
way taking, of Lots 3 through 12, inclusive, Block 3,
Sibley Taylor Addition, and containing 0. 94 acres, more or
less.
Tract "B" . A tract of land located within the J. A.
Scott Survey No. 10, Abstract 302 , Wichita County, Texas,
being all of the remainder, after Kell Boulevard right-of-
way taking, of Lots 11, 12 and 13, Block 1, Sibley Taylor
Addition, and containing 0. 088 acres, more or less.
WHEREAS, the following described tract of land, which
is owned by Taylor Foundry Company, Inc. , is needed for the
construction of US 82-277 , to-wit:
The south 125 feet of Lot 5 in the Taylor Subdivision
to the City of Wichita Falls, Texas, and a part of Lot 4,
in said subdivision, as follows:
Beginning at the westernmost corner of said Lot 4;
thence northeastery along the northwest line of said Lot 4 ,
a distance of 47. 4 feet to a point for corner, said point
also being in the existing west line of Broad Street;
thence southerly along the existing west line of Broad Street,
a distance of 127 . 4 feet to a point in the southwest line
of said Lot 4;
Thence northwesterly along the southwest line of said Lot 4,
a distance of 118. 3 feet to the place of beginning, con-
taining 9 ,054 square feet of land, more or less.
WHEREAS, Taylor Foundry Company, Inc. is willing to
exchange the above tract owned by it for the above two
tracts owned by the City and two other tracts owned by the
State of Texas and the City of Wichita Falls; and,
WHEREAS, the City has a current appraisal of the value
of all of the properties except the smaller City-owned pro-
perty above, and it is currently being appraised.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDER-
MEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT:
The exchange of the four City and State-owned tracts
for the above tract owned by Taylor Foundry Company, Inc.
is hereby approved. if there is a difference in the appraised
values of the properties being traded by Taylor Foundry
Company, Inc. and the properties being traded by the City
and State, the owner or owners of the less valuable property
shall pay to the owner or owners of the more valuable pro-
perty in cash the difference in the appraised values.
PASSED AND APPROVED this the 6th day of June, 1978.
4/ ,, ---' •
M A Y O •
ATTEST:
W_/(4
City Clerk
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