Res 1293 4/18/1972RESOLUTION NO. /,,z73
WHEREAS , heretofore on April 12, 1971 , the Board of Aldermen of the
City of Wichita Falls adopted Resolution No. 1168 whereby they authorized the
purchase of the following described property in the name of the Texas HighwayDepartmentforthesumof $128,000, to-wit :
Kell Freeway Project 52-071
The South 125' of Lots 15, 16, 17, 18, 19, 20, 21 and 22 in Taylor
S/D.
WHEREAS, thereafter it was learned that there are some valuable im-
provements on this property which are needed by the City, and could be acquired
by the City at a very reasonable retention value if the property was purchased
first in the name of the City; and,
WHEREAS, such property was purchased in the name of the City from the
owner, Lone Star Gas Company, for the sum of $127,794 (being the authorized
128,000 less $206.00 for a tool shed, pipe racks and yard lamps which were re-
tained by Lone Star Gas Company) ,
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The purchase of such property in the name of the City is hereby
approved, and the City Manager, acting for and in behalf of the City of Wichita
Falls, is authorized and directed to execute a deed conveying unto the State of
Texas the above described tract of land required for right-of-way for the Kell
Freeway Project, retaining title to improvements located on the above described
property,
The consideration for such deed shall be the sum of 50% reimbursement
of the value of $126,689.00 for the said property. Such deed shall reserve all
of the oil , gas and sulphur under the land conveyed, but waive all rights of
ingress and egress to the surface thereof for the purpose of exploring, develop-
ing, mining or drilling for the same; however, the State shall have the right to
take and use all of the minerals and materials thereon, therein, and thereunder.
Such deed shall contain a general warranty.
PASSED AND APPROVED THIS the 18th day of April , 1972.
A./.111(IIII i
MAYOR
ATTEST:
City Clerk