Orange County NC Website
TMA Tice « .. . <br />gxhi bit S prapertY p �t�ecte �Y to staff. level site plan. - and• <br />D�� r,�t E5Oft- /Orai�ce, tee. ar similar processes . <br />similar review? and that sub3 ies with a plan, 3nclading <br />Chapel W-13 �es to prorvi*de the other roval$, to P'o'i <br />s - .the zcraing <br />a planned schedule- of revievr. and app <br />age described in this -paragraph.; <br />that tzothing that they have agreed to herei a <br />The parties agree Chapel Si 11 to' rune the <br />constitutes an agreement as the part of <br />in a particb ar wag. It i s instead, as afire °°"° -''!t <br />Exhibit S property is zaned a particular way one event' <br />that if the gciibit S PxcePertY <br />cui.11 fallow and i f tine Sxtribit S property is not zaased in a particular <br />wag another event will follow. <br />t Owners agree to bargaih•- together in goad faith <br />Tice Greene Tsac ave best efforts, <br />. and with all dote di-ligeace , and to use their �cespe� •rya { n�� of the <br />to determine an ultimate 'use or disposition, of the <br />Greene Tract as .anon as passible and in any•event by..December 31, <br />s after the effective date, whi-che�vor, is latex- <br />2003., or two year • Peso � Tract Owner shall make- <br />During <br />this o barga -0n3ng d, no Greene <br />any use of the remaining port,cm of- the• Greene Tract without the <br />consent of the other Greene Tact mss" <br />The •Greene Tract Owners agree that among the issues to. be <br />addressed iu the bargaining process are (1) the specific futurw uses, <br />or ranges' of use, to be made of the <br />remainder of the Greens Tract <br />(including Jsues of devoting different p^��''- to different vises. <br />public uses and the possibility of maw- <br />devoting partians to <br />portions•svbilable for sale or private use), and (2) whether to InPOsm <br />specific use x,estricti-on"s, either through deed restrictions or through <br />regulation. The Greene Tract Owners agree that during the <br />goverr�attental regn7 -a p e� abed p�dS app for public. <br />seid uses or. disposftiom , <br />comment On possible at <br />prepo <br />During the ■ bargaining *parjody Ir no Greeds Tract Owner shall: (1). <br />file say- legal acticb- Or proceeding to- force any sale Or division. Of <br />the Groom Tract, or (Z) ePter into any agreement to s41, mortgage e <br />otherwise twandfar all Or any part of its Oundrship interest f a the <br />Greene Tract, in either case without the consent of a oagrees we <br />Tract owners. To the extent petmitted by law, Chapel Mt <br />to initiate any proceeding to rezone any portion of the Groom. Tract <br />during, the s bargaining �� 'coithantt the consent of the other <br />Greem T>cact Owners. <br />BM-acuti m and delivery of this Agremont by the <br />-Greene Tract Owners constitutes • =went of the Greene Tract Owns= for <br />Chapel. Sill to rezone the 8xhibit S property as described in •this Part <br />S. Chapel Sill states its current intent• tq ac to any wed: <br />upon future uses Or range of uses Of the remainder of the fteimb Tract <br />in. • its Development . code /ordinantOes and states its remme.6dation to <br />future Chapel Elie Governing Boards -to the same effeet. <br />9 <br />