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WHEREAS, the Board of Commissioners of the City of Las Vegas and the Clark County School District are both desirous of exchanging unused real property belonging to both parties; and WHEREAS, the properties to be exchanged have been appraised and if such exchange is approved, Clark County School District will pay to the City of Las Vegas the sum of $22,505.20 in cash, representing the difference in the appraised value of the respective properties conveyed. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF LAS VEGAS that: The Board hereby declares its intention to exchange the hereinafter described property with the Clark County School District. The property is described as follows: A certain tract or parcel of land lying and being situate in the City of Las Vegas, County of Clark, State of Nevada, and being a portion of the Northeast Quarter (NE¼) of Section 30, Township 20 South, Range 61 East, M.D.B.& M., and being more particularly described as follows, to-wit: The West Half (W½) of the Southwest Quarter (SW¼) of the Northeast Quarter (NE¼) of Section 30, Township 20 South, Range 61 East, M. D.B. & M., save and except the Southerly 40 feet thereof for street purposes. Containing 19.65 acres more or less. A certain tract or parcel of land lying and being situate in the Southeast One-Quarter (SE¼) of Section 31, Township 20 South, Range 61 East, M.D.B. & M., and being more particularly described as follows, to-wit: Commencing at the Southeast corner of Lot 1753, Block 10 of Hyde Park No. 1 as shown by map thereof on file in Book 3 of Plats, Page 56, as Document 389195, recorded August 16, 1952 in the Office of the County Recorder, Clark County, Nevada; thence South 89°45'33" East parallel with the South line of the Southeast Quarter (SE¼) of Section 31, Township 20 South, Range 61 East, a distance of 1089.19 feet to the Northeast corner of that certain parcel of land conveyed by the Las Vegas Valley Water District of Nevada, to the City of Las Vegas, as described in Parcel 1 by Document 89555 in Book 108 of Official Records, recorded September 21, 1956 in the Office of the County Recorder, Clark County, Nevada, thence South 0°45'44" East along the East line thereof a distance of 212.81 feet to the TRUE POINT OF BEGINNING; thence continuing South 0°45'44" East along the said East line a distance of 609.84 feet; thence North 88052'16" West a distance of 478.63 feet; thence along a tangent curve to the left with a radius of 120.0 feet, through an angle of 10°13'39" an arc length of 21.43 feet; thence North 0°45'44" West parallel with the East line of Hyde Park no. 1 aforementioned a distance of 611.75 feet; thence South 88°52'16" East a distance of 308.00 feet; thence South 1°07'44" West a distance of 16 feet; thence South 88°52'16" East a distance of 40.0 feet; thence North 1007'44" East a distance of 16.0 feet; thence South 88052'16" East a distance of 152.00 feet to the TRUE POINT OF BEGINNING. Containing 6.983 acres, more or less. Reserving unto the Grantor, the southerly 40 feet and the easterly 40 feet thereof for street purposes. The City of Las Vegas will receive from said exchange, the following described property: A certain tract or parcel of land lying and being situate in the City of Las Vegas, County of Clark, State of Nevada and being a portion of the Southeast One-Quarter (SE¼) of the Southeast One-Quarter (SE¼) of Section 3, Township 21 South, Range 61 East, M.D.B. & M., and being more particularly described as follows, to-wit: Commencing at the Northwest corner of the Southeast One-Quarter (SE¼) of the Southeast One-Quarter (SE¼) of Section 3, Township 21 South, Range 61 East; thence South 0°55'59" West along the West line of the Southeast One-Quarter (SE¼) of the Southeast One-Quarter (SE¼) of Section 3 a distance of 40.05 feet; thence North 87°50'18" East parallel with and distant 40 feet South at right angles to the North line of the Southeast One-Quarter (SE¼) of the Southeast One-Quarter (SE¼) of Section 3, a distance of 22.39 feet to the Northwest corner of that certain parcel of land conveyed by Jessie Hunt to the Clark County School District as described in Document No. 104137 of Book 126 of Official Records, recorded April 4, 1957 in the Office of the County Recorder of Clark County, Nevada, the TRUE POINT OF BEGINNING; thence continuing North 87°50'18" East parallel with and distant 40 feet South at right angles to the aforementioned North line a distance of 471.97 feet to the Northeast corner thereof; thence continuing North 87°50'18" East parallel with said North line