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Res 1530 5/7/1974RESOLUTION NO. !iffF/ RESOLUTION APPROVING UPDATED APPRAISALS OF PROPERTIES ON KELL FREEWAY, AND AUTH- ORIZING THEIR PURCHASE OR CONDEMANTION. WHEREAS, by the adoption of Resolution No. 954 the Board of Alder- men of the City of Wichita Falls has heretofore found that it is necessary to acquire the properties hereinafter described for construction of the Kell Free- way, Project 52-380, and approved the appraised values of such properties; and, WHEREAS, all of these properties have been purchased by the City, except for signs located thereon, which signs have not heretofore been appraised. These signs have now been appraised and the amount of the approved values were determined from guide lines established by the National Beautification Act re- lating to removal of signs, adopted by Texas in Senate Bill No. 3 of the 62nd Legislature. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, that; Section No. 1. It is necessary that such signs on the following prop- erties be purchased by Quit Claim Deed for the named project as follows: Kell Freeway, Project 52-380 Quitclaim Deed Lots 1 and 2, Block 1, First H. W. Spivey Addition Combined total of values of signs approved in this resolution 860.00 Section No. 2 The value of such signs are hereby approved, and the City Manager is hereby authorized to purchase in the name of the Texas State Highway Department, or the City of Wichita Falls, by Quitclaim Deed, the signs located on such tracts of land as shown on the project right-of-way map. The authorized price to be paid for such signs are the state approved values as determined from the above appraisals. A ti Section No. 3 In the event the City Manger is unable to purchase such signs for such approved values, he is hereby authorized and directed to cause to be instituted condemnation proceedings to obtain such signs in the name of the Texas State Highway Department or the City of Wichita Falls. PASSED AND APPROVED THIS THE 7th DAY OF Ma.y . _ 1974 MAYOR f ATTEST: 421 City Clerk