Res 1510 2/19/1974RESOLUTION NO. /521
RESOLUTION APPROVING UPDATED APPRAISALS
OF PROPERTIES ON KELL FREEWAY, AND AUTH-
ORIZING THEIR PURCHASE OR CONDEMNATION.
WHEREAS, by the adoption of Resolutions Nos. 1036, 1101 and 1489,
the Board of Aldermen of the City of Wichita Falls has heretofore found
that it is necessary to acquire the properties hereinafter described for
construction of the Kell Freeway, Project 52-380, and approved the apprais-
ed values of such properties; and,
WHEREAS, all of these properties have been purchased by the City,
except for signs located thereon, which signs were heretofore appraised at
23,668, but under revised federal guidelines they have now been appraised
at $25,096, which appraisals have been approved by the Texas State High-
way Department.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE
CITY OF WICHITA FALLS, TEXAS, that;
SECTION 1. It is necessary that such signs on the following prop-
erties be purchased by Quitclaim Deed for the named project as follows:
Kell Freeway, Project 52-380
Quitclaim Deed
Lots 9, 10, and 11, Block 18-A
Highland Addition
Block 60, Highland Addition
Part of Lots 3 and 4, Block 2
Elliott Addition
Lot 10 and part of Lot 9, Block 2
Elliott Addition
Combined total of values of signs approved in this resolution----$25,096.00
SECTION 2. The updated 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 ap-
proved values as determined from the above updated appraisals (rather than
the original appraisals approved by the resolutions set out above).
SECTION 3. In the event the City Manager is unable to purchase such
signs for such approved updated 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 19th Day of February 1974
M A 0 R
ATTEST:
City lerk