M. ID 24-978 Consider adoption of an ordinance of the City of Denton, Texas determining upon the necessity of acquiring real property and authorizing the purchase for public use, the acquisition of approximately 0.6565-acres from the State of Texas for the use and benefit of University of North Texas f/k/a North Texas State Teachers College. ("Owner"), for a water, wastewater and electric easement (Collectively, the "Property Interest") located in the Eugene Puchalski Survey, Abstract No. 996, Denton County, Texas, and being part of City of Denton IH 35N utility relocations (The "Project") ROW CSJ: 0195-03-074; authorizing the City Manager, or Designee, to consummate and accept the purchase, grant and conveyance of the property interest; authorizing the expenditure of funds not to exceed One Million, Six Hundred Thousand Dollars (1,600,000.00) plus closing cost and estimated expenses of $15,000.00 (Total $1,615,000.00); and providing an effective date.