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Res 1318 6/20/1972RESOLUTION NO. /3/f WHEREAS , by the adoption of Resolution Nos. 907, 1021, 1036, 1053, and 1071, 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 52-071, and approved the appraised values of such properties; and, WHEREAS, the appraisals of such properties have now been updated by the independent appraisers employed by the Texas State Highway Department to reflect present ,market prices, and these updated appraisals have been approved by the Texas State Highway Department and have been studied by the Board of Aldermen, and copies of same are now in the possession of the Direc- tor 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 projects and properties to be purchased by Warranty Deed are as follows: Kell Freeway, Project 52-071 Warranty Deed Lot 8 & 9, Block 63 Southland Addition 1930.6 s.f. of Lot 1, Block 46, Southland Addition Lot 10, Block 63, Southland Addition Lot 7, Block 95-A, Highland Addition 3250 s.f. of Lot 7, Block 16-A ° Highland Addition. Combined total of values approved in this resolution 50,550.00 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 Texas State Highway Department, or the City of Wichita Falls, by Warranty Deed, such tracts of land as shown on the project right-of-way map. The authorized price to be paid for each tract is the state approved value as determined from the updated appraisals (rather than the original appraisals approved by the resolutions set out above) made by the independent real estate appraisers employed by the Texas State Highway Department. Section No. 3 In the event the City Manager is unable to purchase any such tract or tracts for such approved updated values, he is hereby author- ized and directed to cause to be instituted condemnation proceedings to obtain such tracts in the name of the Texas State Highway Department or the City of Wichita Falls. PASSED AND APPROVED THIS THE 4e'lLG-cJ DAY OF 1972. t •G2 J 4./ 0/./.4/1e74/-- MAYOR ATTEST: CITY CLERK i i J 1 y F- 4 ar Y..-i ...s:-_ f'i/.'n t.a.:_r....,..,.. 1 i tr M. t r 1 i , f:1).* ) i I I; i4' I: ('.I. 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