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0 <br />• <br />costs associated with the construction of rail <br />facilities and drainage structures appurtenant to <br />Railyard including under Railyard shall be borne by <br />S.P. or its successors and assigns. <br />C. Two tracts shown on attached Exhibit "B" and <br />further defined as Tract 1 and Tract 2 shall be <br />conveyed by S.P. to City, by Special Warranty Deed, for <br />a proposed Harris County Flood Control drainage <br />channel. <br />3. FUTURE 16TH STREET BRIDGE: S.P. and City recognize that <br />the area described in paragraph 2 (a) for use as future 16th <br />Street crosses the 230 foot right-of-way conveyed to City in <br />paragraph 2 (c). This alignment is a matter of convenience <br />meant to provide and preserve the option to construct a <br />roadway and bridge over the 230 foot drainage right-of-way. <br />There is no requirement, implied or otherwise, for either <br />party to this agreement, or their successors and assigns, to <br />construct a bridge over the 230 foot right-of-way. <br />It is further agreed, unless modified by mutual agreement, <br />that if S.P., or its successors and assigns, participates <br />with City in the construction of a bridge, over the 230 foot <br />drainage right-of-way, its maximum contribution shall be 40% <br />of the expenses associated with construction of said bridge. <br />City shall have the right to designate and or approve the <br />outside consulting engineer to design and supervise the <br />construction of such bridge. <br />4. EXISTING PIPELINE CORRIDOR: City and S.P. recognize <br />existence of a pipeline corridor, running east and west, <br />parallel to and south of 230 foot easement and right-of-way <br />conveyed in paragraph 2 of this agreement by S.P. to City. <br />Both City and S.P. agree to not take any action that would <br />diminish the rights of the owners or holders of said <br />pipeline corridor, fee, title, licenses, easements or other <br />vested rights, without first obtaining the consent of said <br />pipeline corridor owners and/or permit holders. <br />City and S.P. further agree to take all steps as may <br />reasonably be required to assist the other party in <br />obtaining the rights or privileges contemplated in this <br />agreement, in connection with the holder of the pipeline <br />corridor fee, easement, license or other vested right. <br />5. CITY'S ORDINANCES AND QUIT CLAIM DEEDS ATTACHED: <br />City's proposed forms of quit claim deeds and ordinances <br />vacating, abandoning, and closing rights -of -way described in <br />5 <br />