2002-018-ORD ABANDONING FORTY FOOT STREET KNOWN AS W PRICE STREET

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the acceptance of the aforesaid right-of-way from the County for the extension of Hearne Street in exchange for the payment by the City of the fair market value of said right-of-way; and, WHEREAS, the City Council of the City of Paris does hereby find and determine that in lieu of the cash payment of the appraised value of the Hearne Street right-of-way as authorized in Resolution No. 2000-003, the acceptance of the Hearne Street right-of-way in exchange for the Price Street right-of-way is an exchange of properties of equal value to the respective parties and is in the best interests of the citizens of the City of Paris and of Lamar County; and, WHEREAS, having determined fair consideration, the City Council desires to authorize the closure of Price Street and the exchange by Warranty Deed of said right-of-way with Lamar County for the exchange by Warranty Deed of the Hearne Street right-of-way; and, WHEREAS, the City Council, having received the recommendation of the Planning & Zoning Commission, the City Engineer, the Fire Chief, the Police Chief, and the Director of the Emergency Medical Services, hereby determines that it is in the best interests of the citizens of the City of Paris to abandon the aforesaid street right -of-way, reserving thereto a right of entry and access, drainage, and utility easements coterminous with the original boundaries of the aforesaid street and subject to the rights and the interests of the City of Paris in preserving and utilizing the aforesaid rights and easements and the consideration as otherwise stated herein; NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PARIS, PARIS, TEXAS: Section 1. That the findings set out in the preamble to this ordinance are hereby in all things approved. Section 2. That the forty (40) foot street known as W. Price Street, beginning at the west boundary line of N. Main Street (U. S. H wy 271) going west to the east boundary line of 1 st Street N. W., described in Exhibit A, attached hereto, is found to be of no use as a street to the City of Paris or its citizens, but is of use and necessary to the City of Paris and its citizens for entry, access, drainage, and utility easement purposes; therefore, such street is hereby abandoned, with the City of Paris retaining a right of entry and surface access, drainage, and utility easements. Section 3. That the drainage and utility easements hereby reserved and preserved from abandonment shall extend the length and breadth of the current street right-of-way so abandoned and shall be conterminous with the original boundaries of said street right-of-way, the same being forty (40) feet wide and beginning at the west boundary line of N. Main Street (U.S. Hwy 271) west to the east boundary line of 1st Street N.W. Section 4. That the drainage and utility easements so reserved by the City of Paris shall be held unto the City of Paris in full and fee ownership, with the right and privilege at any and all times to enter said premises, or any part thereof, for the purposes of maintaining, constructing, reconstructing, relocating, or otherwise performing work or service upon or in the utility facilities