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Res 635 4/11/1966RESOLUTION NO. WHEREAS, the City of Wichita Falls has a Contractual Agreement for Right-of- Way Procurement with the State of Texas for a section of F'.S. Highways 82 and 277 from a point 0.3 mile west of Beverly Drive to 0.3 mile west of Fairway Boulevard; and, WHEREAS, the realignment of the intersections of Old Seymour Road, U.S. 82 and 277, with proposed University Avenue will necessitate the acquisition of ad- ditional land from Mr. G. D. Henderson; and, WHEREAS, this acquisition and the construction of this realignment will cause various lands adjoining property now owned by Mr. G. D. Henderson to become surplus right-of-way and no longer needed for use of citizens as a road; and, WHEREAS, Mr. G. D. Henderson has agreed to convey the needed right-of-way in exchange for the land that becomes surplus upon completion of said realignment; and, WHEREAS, it is mutually agreed that all parties will benefit by this exchange; and, WHEREAS, it is necessary that an EXCHANGE AGREEMENT attached hereto and made a part hereof as Exhibit "I" be entered into be the City of Wichita Falls, Mr. G. D. Henderson, and the State of Texas to define responsibilities and agreements of each party. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS, TEXAS: That, we, the City of Wichita Falls, request the State of Texas to CONVEY to Mr. G. D. Henderson Surplus Lands described in Exhibit "B" of the EXCHANGE AGREE- MENT, as FULL consideration for Mr. Henderson's CONVEYANCE to the State of Texas the needed right-of-way described as Exhibit "A" of said agreement; and FURTHER, the MAYOR of the City of Wichita Falls be Authorized to execute the EXCHANGE AGREEMENT, Exhibit "I" hereto; IT IS FURTHER acknowledged by the City of Wichita Falls that the completion of the realigning of Old Seymour Road, U.S. 82 and 277 and proposed University Avenue causes various lands described in said Exhibit "B" to become Surplus right- of-way and will then no longer be needed for use of citizens as a road. PASSED AND APPROVED this the // day of G 1966. ATTEST:MAYOR J City Clerk