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Res 2236 10/9/1978AI RESOLUTION NO. , 4 RESOLUTION DECLARING THE NECESSITY FOR ACQUISITION OF BLOCK 122, ORIGINAL TOWN OF WICHITA FALLS. WHEREAS, the Board of Aldermen finds and determines that there is a need for decent, safe and sanitary housing for elder- ly persons in the City of Wichita Falls, and that the provid- ing of such decent, safe and sanitary housing accommodationafor elderly persons is a public use and a purpose for which public money may be spent and private property acquired; and, WHEREAS, Block 122 of the original town of Wichita Falls is owned by the Wichita Falls Independent School District, subject to certain reversionary interests or possibility of reverter, and the Board of Aldermen finds and determines that it is necessary to acquire such Block 122 for the purpose of con- structing thereon housing accommodations for the elderly; and, WHEREAS, the Board of Aldermen finds and determines that the fair and reasonable price to be paid for such Block 122 is the sum of $125, 000. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. It is necessary to acquire such Block 122 for the purpose of constructing housing accommodations for the elderly, and such project is a public use and purpose. SECTION 2. The City Manager is hereby authorized to purchase for the City of Wichita Falls such Block 122 for the sum of $125,000. In the event he is unable to purchase such tract, he is hereby authorized and directed to cause to be instituted condemnation proceedings to obtain such tract for the City of Wichita Falls. SECTION 3. After this property has been acquired, the Board of Aldermen may determine that the best method of provid- ing such housing accommodations for the elderly on this tract of land is by selling it to Midtown Manor, Inc. , a non-profit cooperation, which sale would be subject to restrictions and covenants which would be designed to insure that the plans for decent, safe and sanitary housing accommodations for the elder- 0 ly would be carried out, and that the same would be maintained and operated for the forseeable future. PASSED AND APPROVED tbig 3rd day of October, 1978. g,,,,,„_/, ..b. 2f,,,,,„,,t_MAYOR Pro tern ATTEST: J01) 40,_.) GGL CIT CLERK