Res 1077 5/19/1970RESOLD TON NO. Ao77
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 during the hardship phase of right-of-way acqui-
sition, and the Texas Highway Department has approved the full appraised value
as determined by an appraiser employed by the City, and the parcel was pur-
chased by the City for such appraised value; and,
WHEREAS , the Texas Highway Department will reimburse the City in an
amount equal to fifty percent (50%) of the total appraised value of this par-
cel 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 deeds conveying unto the
State of Texas the following tract or parcel of land situated in Wichita
County, Texas, to-wit: Parcel 118 , 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%) reimbursement of the value of Nine Thousand Two
Hundred Fifty ($9,250.00) Dollars for the said property under the terms of the
above mentioned contract . Such deed shall reserve all of the oil , gas and sul-
phur under the land conveyed , but waive all rights of ingress and egress to
the surface thereof for the purpose of exploring, developing, mining, or drill-
ing for same ; however, the State sin I I have the right Lo take and use a l l other
z -
minerals and materials thereon, there in, and ther,-undcr. Such deed sh;tI
contain a general w.. rranty.
PASSED AND APPROVED THIS THE l.9th DAY OF
May 1970.
MAYOR
ATTEST:
City C 'erk