Authorizing the revision of lines and grades on a portion of City Plan No. 46-S by striking from the City Plan and vacating Penrose Ferry Road from Penrose Avenue to its terminus northeastwardly therefrom and reserving and placing on the City Plan a right-of-way for various public utility purposes within the lines of Penrose Ferry Road being stricken and authorizing acceptance of the grant to the City of the said right-of-way being reserved, under certain terms and conditions.