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HomeMy WebLinkAboutOrdinance No. 04 18 ROW KaneORDINANCE NO. 04/18 AN ORDINANCE OF THE CITY OF UNIVERSITY PARK, TEXAS, ABANDONING A PORTION OF THE STREET RIGHT-OF-WAY OF CARUTH BOULEVARD AND TURTLE CREEK BOULEVARD, AS MORE PARTICULARLY DESCRIBED AND DEPICTED IN EXHIBIT "A", TO THE ABUTTING OWNER IN CONSIDERATION OF THE PAYMENT OF THE APPRAISED MARKET VALUE OF $45,850.00, BY THE OWNER TO THE CITY; PROVIDING FOR THE FURNISHING OF A CERTIFIED COPY OF THIS ORDINANCE FOR RECORDING IN THE REAL PROPERTY RECORDS OF DALLAS COUNTY, TEXAS, AS A QUIT CLAIM DEED; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of University Park, Texas, has determined that certain street right-of-way described and depicted in Exhibit "A" is no longer needed or necessary for street or alley purposes by the City; and WHEREAS, the City has secured an appraisal of the interests being conveyed by the City to determine the market value of the interests being conveyed; Now, Therefore, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF UNIVERSITY PARK, TEXAS: SECTION 1. That for and in consideration of the payment of the sum of $45,850.00 by Raymond J. Kane, the receipt and sufficiency of which is hereby acknowledged, the City of University Park hereby abandons and quitclaims in favor of Raymond J. Kane, the abutting owner, all that certain tract or parcel of land more particularly described and depicted in Exhibit "A" attached hereto and made a part hereof for all purposes, the same as if fully copied herein. SECTION 2. That the rights being abandoned in the property described in Exhibk "A" consist of the street right-of-way of Caruth Boulevard and Turtle Creek Boulevard as shown on Exhibk "A". 65217 SECTION 3. That the City of University Park does not abandon any other interests other than those described herein on the tract identified in Exhibit "A", but does hereby abandon all of its right, title, or interest therein, either by fee simple or by easement, or otherwise, in the described property, together with any and all improvements thereon. SECTION 4. That upon payment of the consideration stated in Section 1 hereof, the City Secretary is authorized and directed to prepare a certified copy of this ordinance and furnish the same to Raymond J. Kane, and the recording of this abandonment ordinance in the real property records of Dallas County, Texas, shall serve as a quitclaim deed of the City of University Park to the said Raymond J. Kane, of such right, title or interest of the City of University Park in and to such street right- of-way described in Exhibit "A", either in fee simple or by easement or otherwise. SECTION 5. This Ordinance shall take effect immediately from and after its passage, as the law and charter in such cases provide. DULY PASSED by the City Council of the City of University Park, Texas, on the 1st day of June 2004. APPROVED: APPROVED AS TO FORM: JAMES H. HOLMES, m, MAYOR ATTEST: 65217 CITY ATTORNEY (RLD/5-27-04) NINA WILSON, CITY SECRETARY 65217