Agenda - 09-30-1998 - Additional Information

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environmental or other liability directly on a Party (as, for example, any liability accruing to the current owners of the Existing System Assets as a result of their status as owners prior to the Closing). (d) The County shall not assume any indebtedness of Carrboro or Chapel Hill. Furthermore, by this Agreement and the County's agreement to acquire assets and assume liabilities as provided in Section 2.01, the County does not assume any indebtedness of Carrboro or Chapel Hill. 2.05. Delivery of Solid Waste and Recyclables. (a) As additional consideration for the Parties' respective and mutual undertakings under this Agreement and the Transfer Agreement, the County and the Towns all agree to deliver, or cause to be delivered, to System Management Facilities for disposal or processing, respectively, all Solid Waste and County Recyclables under their respective control, including (without limitation) all Solid Waste and County Recyclables collected by any Party's employees, solid waste collection contractors, solid waste collection licensees or solid waste collection franchisees; provided, however, that there shall be no such obli gation to deliver Other Recyclables to System Management Facilities. (b) All Solid Waste and County Recyclables delivered to System Management Facilities, or to County employees, solid waste collection contractors, solid waste collection licensees or solid waste collection franchisees, shall be the property of the County upon such delivery. After Recyclables have been placed in a designated container at a convenience center, the Recyclables are the County's property. 2.06. Treatment of Solid Waste Syjtem Employees. (a) All of the System Employees will be transferred to the County and become County employees subject to the supervision of the County Manager in the same fashion as other County employees. (b) - The Parties acknowledge that it is an important objective of this Agreement that the current total compensation package for System Employees be maintained at a substantially equivalent level through the Transfer, although the combination of salary and benefits for any employee may change. The Parties recognize that all components of compensation to System Employees after the Transfer will be subject to changes in salaries and benefits in the same fashion as other County employees. The County and Chapel Hill shall develop a detailed schedule comparing the total pre - Transfer and post - Transfer compensation for each System Employee in connection with the Transfer Agreement. Chapel Hill shall send a copy of such schedule to Carrboro when the schedule is complete. 2.07. Closing Procednre. (a) The Transfer Agreement shall provide for the appropriate parties to execute and deliver at the Closing the documents and instruments listed on Exhibit C to carry out the Transfer, all of which documents and instruments shall be in form and substance reasonably acceptable to the County, Carrboro and Chapel Hill. (b) The Transfer Agreement shall transfer all Existing System Assets on an as -is, where -is basis, without warranty of title, condition or any other kind; provided, however, (i) that