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three parcels of land, more generally described in Section 2 hereof, together with all .improvements thereon, now belonging to the City; t.hat the City enter into negotiations with the Authority and the Co~ssion to provide for the changes to the Lease necessary, advisable or desirable to permit the ~ommission to undertake long-term revenue financing; and that that amount] but not exceed- .ing $1;500,000, of the moneys in excess of $4,350,000, expended by the City under the Port Facility Contract and for the acquisition of the aforesaid three parcels of land and constructing improvements thereon, not reimbursed to the City by either the Authority or the State of Virginia~ to be paid to the City by the Commission. SECTION 2. Authorization of Conveyance of Land. There are hereby author- ized to be conveyed to the Commission the three parcels of land generally des- cribed as follows: together with all buildings, facilities and i~provements thereon or now being constructed thereon: i. t Ail that certain piece or parcel of land described as--follo~: Beginning at the southwest corner' of Seaboard and Spencer Avenues, thence south along the western right of way line of Seaboard Avenua to the northern right 6~ way line of Pinners Avenue; thence west along the northemright o~ way ~line of Pinners Avenue 535 feet to a point; thence north and parallel to Spencer Avenue a distance ~of 200 feet to the southern right of ~ay line to Seaboard Avenue; thence east along the southern right of way line of Seaboard Avenue 535 feet 5o the point of beginning. 2. Ail that certain piece or parcel of land desigr~ted as Lots : No. 67, 68, 69 and ?0 as shown on the plat of the Pinners Point Waterfront Land Company recorded in tlne Clerk's Office of the Circuit ~ourt of the City of Chesapeake in M~p Book 4, at page 32.