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Section 3.03. Railway Easements. In recognition of the immediate need for rail <br />connections to the Property, the City hereby grants to the Developer and the Owners a blanket <br />easement across that certain 57.976 -acre tract of land owned by the City abutting the western <br />boundary of said 160.2 -acre tract and described in the instrument recorded in Volume 175, Page <br />866, Official Public Records of Caldwell County, Texas, for the purpose of allowing railroad <br />access to the Property and the installation of associated rail infrastructure for purposes of such <br />access, all to be located only within the triangular shaped area between the future alignment of <br />Loop 110 and the northwest corner of the Property. The blanket easement shall automatically <br />expire on the date the exchange of land under Section 3.02 occurs. If the exchange under Section <br />3.02 is not completed, the area of the blanket easement will be reduced to an area comprising only <br />the location of the completed railroad improvements, together with any area minimally required <br />for maintenance of such improvements in accordance with an as -built survey thereof, all to be <br />located only within said triangular shaped area between the future alignment of Loop 110 and the <br />northwest corner of the Property. If neither the exchange under Section 3.02 is consummated, nor <br />any full build out of railroad infrastructure is completed within two years of the Effective Date, <br />the blanket easement shall automatically expire. <br />ARTICLE IV <br />PLATTING AND PUBLIC IMPROVEMENTS <br />Section 4.01. Platting. Except for development of that approximately 73.623 -acre portion <br />of the Property described in the attached Exhibit `13-2" (the "Katerra Tract") and any required <br />off-site public and other improvements associated with the approved plat of the Katerra Tract, <br />including roadways, rail lines or utility service, no other development shall be allowed on the <br />Property until either a concept plat, preliminary plat or final plat for remainder of the Property (as <br />6 <br />065611.00495 309237v15 <br />