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<br />'. <br /> <br />e <br /> <br />e <br /> <br />2. PROPERTY BEING CONVEYED TO CITY: For and in <br />consideration of the vacatinq, abandoninq, and closinq of <br />the above described street riqhts-of-way by city, as <br />described in Paraqraph 1 hereof, S.P. shall qrant and convey <br />to the city, the following: <br /> <br />a. An area, the qeneral location of which is shown on <br />attached Exhibit "B", shall be dedicated by S.P. to <br />city for future use by city as 16th street and IIJII <br />street. The proposed riqhts~of-way shall be 100 ft. <br />wide and conform sUbstantially to the aliqnment shown <br />on Exhibit "B". city and S.P. aqree that reasonable <br />adjustments to the 16th street and IIJII street rights- <br />of-way shall be determined by mutual agreement between <br />city and S.P. at a future date. <br /> <br />Both city and S.P. shall cooperate one with the other <br />to facilitate reasonable adjustments to the dedication <br />of said 16th street and IIJII street riqhts-of-way. Any <br />such adjustment of said riqhts-ot-way shall conform <br />substantially to the aliqnment shown oil Exhibit "B"; <br />attached hereto, conform to city standards and <br />recognized traffic engineerinq principles. <br /> <br />It is further agreed between city and S.P. that the <br />dedication of 16th street and IIJII street shall not be <br />construed by City as an attempt by S.P. to formally <br />subdivide or otherwise develop the property and city <br />aqrees to waive any and all city fees that S.P. would <br />pay that are normally associated with subdivision <br />dedications. Provided, however, in the event that <br />S.P., its successors or assiqns, hereafter subdivide or <br />develop all or part of the remaininq acreaqe, the <br />future subdivided or otherwise developed portion be <br />subject to city's then. prevailing ordinances and <br />policies regarding subdivision and or development of. <br />land, including liability for payment of fees thereon. <br /> <br />b. S.P. shall qrant and dedicate to the Public, <br />an easement for drainaqe purposes shown on attached <br />Exhibit "B" and further defined as "Drainaqe Easement". <br />S.P., its successors and assigns, shall be allowed to <br />construct and maintain rail facilities over this <br />proposed easement area subject to city's ordinances and <br />policies reqardinq such development. <br /> <br />I . <br />city and Harris County Flood Control District shall <br />have prior riqht of approval. of plans and <br />specifications, to assure.that the water carrying <br />capacity of the channel is not reduced as a result of <br />future con~truction of rai~ facilities by S.P. All <br /> <br />! . <br /> <br />4 <br />