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Res 1204 7/6/1971RESOLUTION NO. 4,2L pC' 7 - - 7/ WHEREAS, the City of Wichita Falls and the Texas Highway Department are co-operating in the construction of Kell Freeway, Project 52-071, under the 1967 Capital Improvements Program of the City of Wichita Falls; and, WHEREAS, by contract signed January 31st, 1968, the City and the Texas Highway Department agreed that they would share equally in the cost of the right-of-way for this project; and, WHEREAS, the parcel hereinafter described was acquired and paid for by the City of Wichita Falls in Final Judgement Case #11,287; and, WHEREAS, the Texas Highway Department will reimburse the City in an amount equal to fifty percent (50%) of the total cost of $7,000.00 as soon as a deed thereto from the City to the State of Texas has been delivered and recorded. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT; The City Manager, acting for and in behalf of the City of Wichita Falls, is hereby authorized and directed to execute a deed conveying unto the State of Texas 6,364.7 square feet out of Lots 1 & 2 Block "B", Wyatt's South- side Addition in the City of Wichita Falls, Texas, to-wit: Parcel 514, all of which is specifically described in the records of this project on file in the offices of the Department of Public Works in the City of Wichita Falls. The consideration for such deed shall be the sum of fifty percent (50%) reimburse- ment of the value of Seven Thousand ($7,000.00) Dollars for the said property under the terms of the above mentioned contract. 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, devel- oping, mining, or drilling for same; however, the State shall have the right to take and use all other minerals and materials thereon, therein, and thereunder. Such deed shall contain a general warranty. PASSED AND APPROVED THIS THE 6th DAY OF July 1971. MAYOR ATTEST: City Clerk I