D. ID 25-1276 Consider adoption of an ordinance of the City of Denton providing for the abandonment, relinquishment, and quitclaim a public utility and slope easement being approximately 0.151-acre, situated in the M.E.P. & P.R.R. Survey, Abstract number 1469, recorded by County Clerk document number 2014-128542, Real Property Records, Denton County, Texas granted to the City of Denton by Habib Pyarali Arab; providing for the quitclaim thereof to Velocis Denton South JV, LP, a Delaware limited partnership; providing for the terms and conditions of the abandonment, relinquishment, and quitclaim made herein; providing for the conveyance of a easement and/or facilities to the City of Denton; providing for the indemnification of the City of Denton against damages arising out of the abandonment herein; providing for consideration to be paid to the City of Denton and providing for a severability and an effective date. (Mayhill 380 Business Park-Slope and Utility Easement Abandonments)