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Res 1985 8/2/1977RESOLUTION NO. gif RESOLUTION DECLARING NECESSITY FOR ACQUIRING, APPROVING APPRAISALS, AND AUTHORIZING PURCHASE OR CONDEMNATION OF CERTAIN PROPERTIES FOR DEPOT SQUARE PROJECT. WHEREAS, it is necessary to acquire the property hereinafter described for the Depot Square project; and, WHEREAS, such property has been appraised by independent appraisers employed by the City for this purpose, and the amount of these appraisals has been studied by the Board of Aldermen , and a copy of same is now in the possession of the Director of Public Works. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS THAT: Section No. 1 It is necessary to acquire the fee simple title to the following properties in WichitaFalls , Texas for the Depot Square project: WARRANTY DEED E. 19' of S. 45' of Lot 8 Block 162, Original Townsite W.51 ' of E.70' of S.25' & W.46' of E. 65' of N.25' & E. 19' of N.5' of Lot 8, Block 162, Original Townsite W.80' of S.25' & W.85' of N.25' of Lot 8, Block 162 , Original Townsite. Lot 9 & S. 1/2 of Lot 10, Block 162, Original Townsite. Combined total of values approved in this resolution 46,500.00 Section No. 2 The approved value of such properties are hereby approved and the City Manager is hereby authorized to purchase by Warranty Deed such tracts of land in the name of the City of Wichita Falls , Texas. The authorized price to be paid for each tract is the value as determined by the appraisal made by the independent appraisers referred to above. 4. 7.71-- / 461 Y • t Section No. 3 fn addition to the purchase price provided for in Section 2, if the acquisition of such property-makes it necessary that any person be displaced, the City Manager is authorized to pay such person his moving expenses and relocation payments, rental supplements and comp- ensation for expenses incidental to the transfer of property to the City, as authorized under the Federal Uniform Relocation Assistance and Real Property Acquisition Policies Program and Article 3266 b, Revised Civil Statutes of Texas. Section No. 4 In the event the City Manager is unable to pur- chase any such tract or tracts for such approved values, he is hereby authorized and directed to cause to be instituted condemnation proceedings to obtain such tracts in the name of the City of Wichita Falls , Texas. PASSED AND APPROVED THIS THE 2nd DAY OF August 1977 MAYOR ATTEST: City Clerk r.