Res 1995 9/6/1977RESOLUTION NO. 1995
A 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 herein-
after 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 1. It is necessary to acquire the fee simple
title to the following property in Wichita Falls, Texas for
the Depot Square project:
The W-33-1/3 ft. of Lot 1, Blk. 162 Original
Townsite as recorded in Wichita County Clerk' s
Deed Records in Vol. 1114, Page 136.
The total value approved in this resolution 9, 500. 00
SECTION 2. The approved value of such property is 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 this tract is the value as determined by the appraisal
made by the independent appraisers referred to above. The
deed shall provide that the three buildings thereon shall not
be demolished for a period of fifteen years thereafter.
SECTION 3. In 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 compensation for
expenses incidental to the transfer of property to the City,
as authorized under the Federal Uniform Assistance and Real
Property Acquisition Policies Program and Article 3266 b,
Revised Civil Statutes of Texas.
SECTION 4. In the event the City Manager is unable to
purchase this tract for such approved value, he is hereby author-
ized and directed to cause to be instituted condemnation pro-
ceedings to obtain such tract in the name of the City of Wichita
Falls, Texas.
PASSED AND APPROVED THIS THE 6th day of September, 1977 .
9R74
ATTEST:
City Clerk