Res 1632 3/4/1975r t
RESOLUTION NO. 41'2
RESOLUTION APPROVING UPDATED APPRAISALS
OF PROPERTIES ON KEL'L FREEWAY, AND AUTHO-
RIZ,ING THEIR PURCHASE OR CONDEMNATION.
WHEREAS, by the adoption of Resolution No. 1503, the Board of
Aldermen of the City of Wichita Falls has heretofore found that it is
necessary to acquire the property hereinafter described for construction
of the Hell Freeway, Project 52-380, and approved the appraised value of
such property; and,
WHEREAS, the appraisal of such property has now been updated
by the independent appraiser employed by the Texas State Highway Depart-
ment to reflect present market prices, and this updated appraisal has
been approved by the State Highway Department and has been studied by the
Board of Aldermen, and a copy of same is now in the possession of the
Director of Public Works and/or the Assistant City Manager; and,
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 the following property be
purchased by Warranty Deed for the named project as follows:
Kell Freeway, Project 52-380
Warranty Deed
Lot 2 and East 10 ft of Lot 1 in
Block 1, Bateson Second Addition
Combined total of values approved in this resolution 2,900.00
Section No. 2 The updated value of such property is 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 War-
ranty Deed, such tract of land as shown on the project right-of-way map.
The authorized price to be paid for such interest in such tract is the
state approved value as determined from the updated appraisal (rather than
the original appraisal approved by the resolution set out above) made by the
independent real estate appraiser employed by the Texas State Highway
Department.
Section No. 3 In the event the City Manager is unable to pur-
chase such tract for such approved updated value, he is hereby authorized
and directed to cause to be instituted condemnation proceedings to obtain
such tract in the name of the Texas State Highway Department or the City
of Wichita Falls.
PASSED AND APPROVED THIS THE 4th DAY OF March
1975
Aix
MAYOR a
ATTEST:
CITY C RK
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