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1987-0041670L NO AN ORDINANCE ABANDONING AND UTILITY BASEMENT AS DESCRIBED DATE VACATING A CERTAIN DRAINAGE AND HEREIN, AND DECLARING AN EFFECTIVE WHEREAS, the City Council of the City of Denton, Texas has determined that the hereinafter described drainage and utility easement is no longer needed for public use, and WHEREAS, in accordance wxth the prowslons of Texas Revised Cxwl Statutes, Artxcle 5421c-12, an appratsal of the fair market value of said easement has been obtained, and WHEREAS, in accordance with state law, said easement is being abandoned and vacated in consideration of the receipt of their fair market value by the abutting property owner thereof, NOW, THEREFORE, THE COUNCIL OF TttE CITY OF DENTON HEREBY ORDAINS SECTION I That the hereinafter described easement ~s abandoned and vacated as an easement for drainage and public utilities All that certain lot, tract or parcel of land lying and being s~tuated ~n the City and County of Denton, State of Texas, and being part of the Mary L Austin Survey, Abstract No 4, R H Hopkins Survey, Abstract No 1674, and J S Taft Survey, Abstract No 12S6, and being part of a tract of land as conveyed from Henry H D~ckerson, Jr to American Savings Association by deed dated July ?, 1972 and recorded in Volume 650, Page 554 of the Deed Records of Denton County, Texas, as more particularly described as follows COMMENCING at the intersectIon of the southwest right-of-way line of the Missouri-Kansas-Texas Railroad with the north right-of-way l~ne of State Highway Loop 288, sa~d point also being the most easterly corner of sa~d tract, THENCE north 42°0S'00'' west along the southwest right-of-way l~ne of M~ssour~-Kansas-Texas Railroad a distance of 643 32 feet to the place of beginning, THENCE south 63012'07" west a distance of 370 62 feet to a point for a corner, a distance of 20 feet to THENCE north 26047'53'' west a corner, a point for THENCE north 63°12'07'' east a distance of 365 1S feet to a point for a corner, THENCE south 42005'00'' east along the southwest right-of-way line of the Missouri-Kansas-Texas Railroad a distance of 20 73 feet to the place of beginning and containing 7,357 66 square feet of land, more or less SECTION II That said easement is herein abandoned and vacated, and by operation of law, the City of Denton's property interest in said easement shall revert to the abutting property owner, whether one or more, and the City of Denton hereby releases any and all claims to the use of the property described in said easement referenced herein for the purposes therein described SECTION III That this ordinance shall become effective immediately upon its passage and approval ~_~ f~ PASSED AND APPROVED this the day o 1987 ATTEST C}{A~LOTTi~ AL~L , %--l~Y[ CI~.~ OF D]~NTON, TEXAS ~ APPROVED AS TO LEGAL FORM DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY CITY OF DENTON, TEXAS PAGE 2