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Res 1040 3/3/1970RESOLUTION NO. //W0/0 WHEREAS, it is necessary to acquire the property hereinafter described for construction of the listed projects in the 1967 Capital Improvements Program, and, WHEREAS, such property has been appraised by independent real estate appraisers employed for this purpose by the Texas State Highway Department, and the amount of the state approved value, as determined from the appraisals, has been studied by the Board of Aldermen, and a copy is 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 projects and properties to be purchased by Warranty Deed are as follows: North Beverly-Project 52-072 Property A 1.6949 acre tract of land in David Welch Survey,Abstract #324 A 0.3039 acre tract of land in David Welch Survey,Abstract #324 A 0.2337 acre tract of land in David Welch Survey, Abstract #324 A 0.2875 acre tract of land in David Welch Survey, Abstract #324 Combined total of values approved in this resolution 18,250.00 2 - Section No. 2 The 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, 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 appraisals 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 values, he is hereby authorized and directed to cause to be instituted condemnation proceedings to obtain such tracts in the name of the Texas State Highway Department. PASSED AND APPROVED THIS THE d.40& DAY OF ; 1760 ,6/..,/// 19 7Q MAYOR ATTEST: JiL1 J-/..f" City Clerk