(A) All persons desiring to have the City Council exercise its powers under Tex. Transportation Code § 311.008 as may be amended regarding abandoning, closing and vacating streets, alleys and other public ways and portions thereof, shall file their petition with the city, in writing, directed to the City Council. Such petition shall contain a description by metes and bounds as surveyed on the ground of the street, alley, or portion thereof, as the case may be, and attached to said petition shall be a list of all owners abutting said street, alley or portion thereof, as the case may be and shall be signed by all such owners.
(B) Upon the filing of such petition with the city as provided in § 150.418(A), an administrative fee shall be deposited with the City Secretary in an amount established and fixed by the City Council. Such fee is non-refundable.
(C) The City Council shall not act on such petition until such time as the City Administrator has received an executed release from each of the abutting property owners, releasing all claims arising out of the closing or vacation of the affected street or alley.