upr000090 7

Union Pacific, et al. 7. December 10, 1952 term of fifty (50) years, wltil a covenaBt running with the-- * ^fcaird to Trfee-eff&ct that no,water we 11 .xb-n^ri^^r-n i ^u&"tftgre<>ir::to^ feet. The term ”shop grounds’* as used in this proposal shall mean those lands bounded on the west by a line parallel to and 1,600 feet westerly of the westerly line of Main Street in the City of Las Vegas, Nevada, on the east by the west­erly line of said Main Street, on the north by Bonanza Road, 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 District shall pay to such of you as all 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 District the following amounts: (a) All payments ^made by any of you^luring 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 facilities and the wa­ter distribution facilities mentioned in paragraphs (a) to {*} inclusive of Section