The Bureau of Shops shall have the use of the following described property owned by the Bureau of Water:
Lots 1, 2, 3, 4, 10, 11, and the west 40.92 feet of Lot 14; also that portion of Lot 5 lying west of a line drawn from the southeast corner to the northwest corner of said Lot 5; also a portion of Woodward Avenue now vacated, more particularly described as follows:
Beginning at a point in the north line of Lot 14, Water Bureau Addition, said point being north 73 degrees 35’45” west a distance of 26.19 feet from the southeast corner of said Lot 5; thence north 73 degrees 35’45” west 29.91 feet; thence south 89 degrees 44’30” west 92.29 feet to the northwest corner of Lot 10; thence north 0 degrees 15’30” west 50 feet to the southwest corner of Lot 4; thence north 89 degrees 44’30” east 80 feet to the southeast corner of Lot 4; thence south 73 degrees 35’45” east 40 feet to the southeast corner of Lot 5; thence to the point of beginning, all in Water Bureau Addition, in the City of Portland, Multnomah County, State of Oregon, according to the duly recorded plat thereof on file in the office of the clerk of said county and state.
The General Fund shall pay to the Bureau of Water the sum of $1 per year for the use of such property and the Bureau of Shops shall have the right to construct a building on such real property and maintain the same.