Res 1456 9/4/1973RESOLUTION NO. /44,
WHEREAS, by the adoption of Resolution No. 996 the Board of
Aldermen of the City of Wichita Falls has heretofore found that it is
necessary to acquire the properties hereinafter described for construc-
tion of the Maurine Street-North Beverly intersection, Project 52-072,
and approved the appraised values of such properties; and,
WHEREAS, the appraisals of such properties have now been up-
dated by the independent appraisers employed by the City of Wichita Falls
to reflect present market prices, and have been studied by the Board of
Aldermen, and copies of same are now in the possession of the Director of
Public Works and/or Assistant City Manager.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY OF WICHITA FALLS, TEXAS, THAT:
Section No. 1 The project and properties to be purchased by
Warranty Deed and special Warranty Deed are as follows:
North Beverly-Project 52-072
Special Warranty Deed
A 1.21 acre tract being a part of the
David Welch Survey, Abstract 324 and out
of the tracts as recorded in Volume 439,
Page 308 and Volume 347, Page 92, Deed
Records of Wichita County, Texas
Warranty Deed
An 0.4572 acre tract being a part of the
David Welch Survey, Abstract 324 and out
of the 2.5 acre tract as recorded in Vol.
413, page 368, Deed Records of Wichita
County, Texas.
Combined total of values approved in this resolution 20,320.00
Section No. 2 The updated values of such properties are hereby
approved and the City Manager is hereby authorized to purchase in the name
of the City of Wichita Falls, such tracts of land as shown on the project
right-of-way map. The authorized price to be paid for each tract is the
value as determined from the updated appraisals (rather than the original
appraisals approved by the resolution set out above) made by the independent
real estate appraisers employed by the City of Wichita Falls.
Section No. 3 As an alternative to buying the above described
0.4572 ac. tract for cash, the City Manager may trade either or both the
two tracts hereinafter described as part of the consideration for such
0.4572 ac. tract, under authority of H. B. No. 40, adopted by the 63rd
Texas Legislature , to-wit:
The 0.2657 acre tract and the 0.0882 acre tract
both tracts being remainder separate tracts,also
being a part of the 1.21 acre tract to be purchased
as a whole taking, as requested by the owner of
record.
In such trade, the city shall receive as credit for such two
tracts an amount not less than the fair market value thereof as shown by
the appraisal thereof.
Section No. 4 In the event the City Manager is unable to pur-
chase any such tract or tracts for such approved updated values, he is here-
by authorized and directed to cause to be instituted condemnation proceed-
ings to obtain such tracts in the name of the City of Wichita Falls.
PASSED AND APPROVED THIS THE 4th DAY OF September
1973.
4/vd-y,W.Ve044/, 4/7
MAYOR
ATTEST:
City Clerk
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