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Res 878 12/3/1968RESOLUTION NO. I /I 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 seven parcels hereinafter described were acquired and paid for by the City of Wichita Falls during the hardship phase of right-of-way acquisition, and the Texas Highway Department has approved the full appraised value as determined by appraisers employed by the City, and the parcels were purchased by the City for such appraised values; and, WHERE A S, the Texas Highway Department will reimburse the City in an amount equal to fifty percent (5077,) of the total appraised values of these parcels as soon as deeds thereto from the City to the State of Texas have been delivered and recorded. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS, THAT: The Mayor, 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 tracts or parcels of land situated in Wichita County, Texas, to-wit: Parcels 335, 384, 407, 470, 553, 555, and 557, all of which are 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 deeds shall be the sum of fifty percent 50%) reimbursement of the value of Sixty-Six Thousand One Hundred Ninety- Four ($66,194.) Dollars of the said property under the terms of the above mentioned contract. Such deeds shall reserve all of the oil, gas and sulphur under the lands conveyed, but waive all rights of ingress and egress to the surface thereof for the purpose of exploring, developing, mining, or drilling for same; however, the State shall have the right to 2 - take and use all other minerals and materials thereon, therein, and there- under. Such deeds shall contain a general warranty. PASSED AND APPROVED THIS THE 3rd DAY OF DECEMBER, 1968. Tst°:"11A24.34.4111112. MAYOR ATTEST: City Clerk 4 4 i7 x