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1 <br /> In[erlacal Agreament: Polnts On WM1ich Consensus Mas Not Baen Reac�etl <br /> nopmvisionotlhisAgreemenl, ot�ertM1anthemquirementlobargainas • <br /> 1.03 (a) descnbeE in Section 1.03, shall become eNective until the PaNes M1ave <br /> selectetl IFe New SoliO Waste Management Slte; antl <br /> 1.Of (b) . <br /> TM1e saleclion of IM1e New Solid Waste Managemen� Si[e and ��e apProval by <br /> Uie Governing BoaMS of Cartboro, CM1apel Hill and [he Counly of a <br /> subsfantlalty Mal fortn of iM1a Trans�er Agreement are referred to In Ihis <br /> Agreement as Ne"Open Matters" <br /> 1.04 peatllineforNegotiations. ThisAgreemenishallautomaticalrytermina�eon <br /> Oecember 1, 1981, unless eacM1 Paity's Goveming Boartl �as ado0�etl an <br /> approp�ia�e resolWion reterencing�M1is Agraemen�anC slalin9 �ha�IM1e Open <br /> MatteS M1ave been �esolvetl�o sucM1 Party's satisfatllon. <br /> 3.02�b) TM1e Parties agree Ihat ihey tlo not inten0, by iM1e Transfeq to reNVe any <br /> easemen�across Ihe Greene had to��M1e benef[of Ue propeM knavn as <br /> the'Neville TracC <br /> 3.o] (a� GmeneTrad. (a) ThepartlesagreethatnairoertheTransfernoranyotM1er <br /> provision o(tM1is Agreemenl shall or Coes eRe<t any change in roe staWS of <br /> ihe ownership of Ne Greene Tracl. <br /> 2.03 (E) Carrooro, Chapel Hill,antl ine Counry. as Ihe wirent owners of iM1e Greene <br /> Tretl, agrea to bargain loget�er in gooC faith anC witM1 all tlue tliligence, antl <br /> to use iFeir resD�ive best eROMS, b determine an ultimate use or disDOSilion <br /> W iFe Greene T�acl Gefo�e January i, 2003. Ounng Piis period no Party sM1all • <br /> �ake any adlon�o fo�ce any sale o�tlivision ot�he Greene T2q, no�shall any <br /> PaM�ake any action to sell, morlgage or o�herxise Vansfer all or any part of <br /> its owners�ip interest in the Greene Tract. <br /> 3.03(c) I(tM1e owners of Ne Greene Tratl M1ave not reacM1etl an agreement as lo ihe <br /> WGmafe use or disposition o(the Greene Tract py January 1, 2000,iM1en iM1e <br /> Counry, for it5ettantl as agent fortM1e other owners, sM1all foNM1witM1 pmceetl to <br /> oHer ana sell all Me Greene Tracl in fee simple br wsh b iM1a higM1est biEder <br /> Iherefore, in such manner as Ne Counry may ae[ertnine in its reasonable <br /> tliscration. <br /> 2.00 (tl) The Counly sM1all prompUy aOPly�pe proceeds of any sala matla pursuan�to <br /> subsection (<)a�ove in [be follaving mannec <br /> (i) Flret,to pay Uz expenses W�M1e sale; <br /> (I) SeconQ to pey to iM1e Solid Wasle System enlerpnse funa men <br /> mainUinetl by iM1e Counry pursuant W Section 504, tbe sum o((a)$fi08,823, <br /> being Ne aiginal purchase price of Ihe Greene TraM, plus (�) uncompountleC <br /> interest on surh amount at tM1e annual rate of 6%(mm March 30, 1904, lo Ihe <br /> closing tlate of any sale; and � <br /> (iii) Myremaintle�shallbedisUlbWetlln�M1efollowingpropoRions: <br /> (A) To Wrtbom, 14 a <br /> (B) To CM1apel Hill, 03h: and � <br /> (C) To t�e Counry, 43%. <br /> 2.08 (a) Trea�men�ot Solitl Was�a Sys[em Employees. (a) All of t�e Sys�em • <br /> 1 Pnntetl OBI00I98 <br /> �.¢wa[awr[vromw.vnew�enw_mwor¢rerrv.wY I <br />