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Res 1555 7/2/1974RESOLUTION NO. 4 k RESOLUTION APPROVING APPRAISAL OF PROPERTIES ON KELL FREEWAY AND RAILROAD RELOCATION AND AUTHOR- IZING THEIR PURCHASE OR CONDEMNATION. WHEREAS, it is necessary to acquire the properties hereinafter described for construction of the listed projects in the 1967 Capital Improvements Program, and, WHEREAS, such properties have been appraised by independent appraisers employed for this purpose by the Texas State Highway Depar- tment, and the amount of the state approved values, as determined from the appraisals, have been studied by the Board of Aldermen, and copies are now in the possession of the Director of Public Works and/or Assis- tant City Manager. NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: Section No. 1 The projects and properties to be purchased by Warranty Deed are as follows: Kell Freeway--Project 52-380 and Railroad Relocation Warranty Deed Lot 10, Block E Grainger & Ballow's Addition All of Lots 9 & 10, Block 9 Barwise & Jalonick Addition All of Lots 3 & 4, and part of 5 Block 9, Barwise & Jalonick Addition Combined total of values approved in this resolution 83,270.00 Section No. 2 The values of such properties 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 Warranty Deed, such tracts of land as shown on the project right-of-way map. The authorized price to be paid for such tracts are the State approved values as determined from appraisals made by the independent real estate appraisers employed by the Texas State Highway Department. Section No. 3 In the event the City Manager is unable to purchase any such tracts for such approved values, he is hereby authorized and direct- ed to cause to be instituted condemnation proceedings to obtain such tracts in the name of the Texas State Highway Department or the City of Wichita Falls. Section No. 4 The City Manager is authorized to execute for the City of Wichita Falls a deed to the State of Texas all of the interest acquir- ed in those right-of-way tracts required for the construction of Kell Freeway. PASSED AND APPROVED THIS THE 2nd DAY OF July 1974 J M A Y O R ATTEST: Ae_-1414- City Cler