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Union P a c ific , et a l 7. December 10, 1952 in such sections as lie within the boundaries of the shop grounds as hereinafter defined) for a term of f if ty (50) years* The term *shop grounds* as used in this proposal shall mean those lands bounded on the west by a line p arallel to and 1,600 feet westerly of the westerly line of Main Street in the City of Las Yegas, Hevada, on the east by the west­erly line of said Main Street, on the north by Bonanza load, and on the south by Charleston Boulevard. 2. As consideration for the conveyance to the District of the properties referred to in paragraphs (a) to (e), in­clusive, above, the D istrict shall pay to such of you as a ll of you shall designate Two Million Five Hundred Thousand Dol­lars (#2,500,000.00), hereinafter called *basic purchase price*, subject to the adjustments hereinafter stated. 3* There shall be added to the basic purchase price to be paid by the D istrict the following amounts* (a) All payments made by any of you at any time and the cost of a ll material furnished by you to contractors for work performed during the period,September 1,1952,to and including the sale date, under contracts executed by any of you with contractors for the construction of additions and betterments to the water production f a c ilitie s and the water distribution f a c ilitie s