B. ID 22-353 Consider adoption of an ordinance of the City of Denton authorizing the execution of a contract of sale between the City of Denton, as buyer, and Walter F. Laney, Jr. (referred to herein as "seller"), for the purchase of a 79.004 acre tract of land, more or less, for the purposes of creating trails, wildlife habitat, tree preservation and future recreational programming, being situated in the Morreau Forrest Survey, located in the City of Denton, Denton County, Texas and known as N. Trinity Road, for the purchase price of Two Million Three Hundred Seventy Thousand One Hundred Twenty Dollars and no/100 ($2,370,120.00); and for independent consideration for the benefit of the seller One Thousand Dollars and 00/100 ($1,000.00); authorizing the expenditure of funds therefor; providing for severability; and providing an effective date.