(A) The Common Council may, by proper ordinance, vacate public property which it finds would not hinder the growth of the neighborhood or inhibit access by the public.
(B) Vacation proceedings do not deprive a public utility of the use of all or part of a public way or public place to be vacated if the utility is occupying and using all or part of that public 1 or place at the time that the vacation proceedings are instituted.