Res 1674 6/10/1975RESOLUTION NO. (
RESOLUTION APPROVING UPDATED APPRAISAL OF PROP-
ERTY FOR THE F.W.D.R.R. RELOCATION AND AUTHOR-
IZING ITS PRUCHASE OR CONDEMNATION.
WHEREAS, by the adoption of Resolution No. 1653, the Board of
Aldermen of the City of Wichita Falls has heretofore found that it is
necessary to acquire the property hereinafter described for the reloca-
tion of the F.W.D.R.R. necessitated by the construction of the Kell Free-
way, 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 City of Wichita Falls to re-
flect present market prices , and this updated appraisal has been approved
by the State Highway Department and has been studied by the Board of Alder-
men, 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
1584 sq. ft. of Lot 3, Block 16
Barwise and Jalonick Addition
Value approved in this resolution 15,000.00
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 City of Wichita Falls, by Warranty 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 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 City
of Wichita Falls.
Section No. 3 In the event the City Manager is unable to purchase
such tract for such approved updated value, he is hereby authorized and dir-
ected to cause to be instituted condemnation proceedings to obtain such tract
in the name of the City of Wichita Falls.
PASSED AND APPROVED THIS THE 10th DAY OF June 1975
4 /
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