HomeMy WebLinkAboutResolution 1964-003
RESOW!! ON
ADOPTED BY CITY COUNCIL
KOlaR RICHLAKÐ HILLS, TEXAS
at . ~elUlar Me.t1ft' held May .~~. 1...
WHEJŒAS. the ei ti.. Pel towa. of Rioblaad Hill. t North
Riohland Hills, AsI. and Lake.id., jointly and .eveNIly, Gonatitute
what 1. kaown 1n law a. Ta..._t COURty Water Supply Corpora.!., a
110ft-prof! t corporation t oper&tinl oerta1n water an4 a.w.r syste..
1.1\ each of said 01 tie. . towns and at other place., and are the equi:t-
able and beneficial owneJIB of all the property atan.4inl in the a._
of said Corporation, azul,
WHIItAS. 'th. Corp...tion _n. certain ..er..ated v.ter
distribution pz-operti_ known.. 'the Alt. M_"'. U.nda Viata, Vill.._
Cnek PG Melody Hi 11& pro,.rt1..' and.
WHEREAS. T4!.írT8I\'t Utility C.pany OIII\a var1wa revenue pre-
clucinl and diatribution p",-"1:i... not include. in the Corporation'.
or111nal purcha.e. but a"1 acen t to and an inte.ral part of th. Cor-
peraticn'. principal properti.a, consisting of "atel' aM .e..,er fa01-
UU.. aad .ewl0.a. which .diU.al f.oiUUe. are aituated in
.&.-1.8 locations in 't1\e Not"tb...t aRea HOt''th".a't ..... of the C....
poration '. priao1.,.l ,"p.rU.. and are propertie. of like kind and
....oter as the propepty 8441t1..a of the C.,...tion and provide
addi tional ..rvice. and facili:tie. ¡ and.
WHEF..EAS. Tan'Ø'lt Ut-ili ty C~pany haa oftered to e.chan..
ita ..id revel\ue producinS and di.tsolbut1on propert1_ to the Cot:'-
,...t1en tor the Alta HeN, J.J.nda Vbtat V11lqe CNek and KelCKty
Hi lla pl"opertie.. which offef! haa been ..cepted, anel.
WHEREAS. the properties which vould b. aequil'eti in eaohan.e
for the Corporation'. said ,ro,..tie. .re of the .... Character of
property. .nd,
WHEREAS. a.1d exchange of properties ha. bee" "co_neled
to the BOArd. of 01NotoN by it. gen...l M_..eX' and. ita Enain.erst
and by said a..1'd of DiNotO" to this Cowud.l1 and,
WHEREAS. said aeard. ha. 1\&I'1:her found that the Corp.atlen's
,ro,.r'ti_ whloh ... tc> be exchan¡ed uct IUGh 'I'o,..tie_ ~o be
rele..utca .N not .........ry for the .flied..t __duct of the l)\&_1..e..
of the c_þ_y, that the yalue of the property re.ive" 1a ex.baA.e
theref01' i. at l....t equal to the value of the ,ro,erty to be
rel....d' and 'that ."en exoh.... ;is advisable f1'_ tbe .tUdpoint
of the CQrpo1'ation . the Tl"u.tee í 'the Co-Tru$'.. _4 the holders of
the boads "thereby ..cure4.
NOW. THEHrOJtE. at IT ~ESOLVEtH
That the City Council hereby forever ..le.... and qui"t-
clail18 all uc every right. title and int.Net which it has in aRd
to tAepropertl.. ot the Corporation aenerally .Ita_a... the Vill...
Cre.k. Al.. HeM_ Un.da Vieta and Melody Uills properties., tOI_th.X'
¡:lth any t'emain:lrl£ ealvage of the fOr1ìler 111plan4 Terrace property
in exchange for the þroperties of '1'arrant Utility Company hereinabove
referred to.
FURTHER RESOLVED. 'that tbe Kayer and 'the C{ 'ty $eoretary be
and. t:hey are hereby authori.ed to execute end deliver to ..iel eo.....
pOI'&1:1C1ft any other- r4Ile..... aoq.i t'tancea or other 4OO\IMnt. A.......,
or requireð to be e.ectlted. it any, for or on ba'half of the Ci:ty .f
Nor~ ltichland Hills. and to deliver the _.. to the S.oretary .,
Tarrant CO\Ulty Water Supply Corporation.
PASSED AND A"tUWED on 'till_ ,i!J} day 01 May. 11...
S!~^"
I . ./ dj¿~~4~ ......... duly appointe. aad .ctia.
~
Seo..ta., of th. City 01 I.th ßûland Hille. Taft'løt Couaty, fe_.
.. h...by 081't1.f)' that 'th. above ...'ON,olal i. . 'tN. caepy of a
....lUÙOD adop'tecl by the Cl't)' C_o11 of the <:1 ty of MoJ'th Ri.hlud
Hilla at a ...d."a of _aid C....lil held in tb. ....lar Council
Ch'-'r on the ~ .ay .f May. :LI", that. quo... was '.....nt'
that 'the ... .a. adopted ., u.nania... vote, u4 that 'the ... 1. in
'.11 tor_ _. .tl.et.
(Se.l)
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