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@7 vM1C usav end ifabiliry nansfer conample�ed by Atticle I1, and �he rta�sfer o[ <br /> . operavional control conrempla�ed by Micle V, shall m� mke place w[il Ca+rboro, Chapel Hip <br /> and vhe Cowty heve execured end delivered �he Transta Ag«men4 az comemplaizd by <br /> Sections 2.01 end 20]. <br /> The selation of the New Salid Wazre Menagemmt Site, <br /> � <br /> sonsmonm�y n�a� m.m or me Tnmfer Aar e are rcferted �o in this Agceemrnt as vhe <br /> "Oprn Manees." <br /> 1.03. �jeen��mn Fe'�M1 Ba.ca'n'n The Pames sM1all bargain rogevher in good <br /> f'vF and wi[h all due diligevice, and shail use H�e'v resp«vive bn[ etZons, ro reach final <br /> �reaolutlon of[he Opm MaPen. <br /> 1.00. �eeali.efmNea tlap Nonx 1'his Ageement shall auromaticapy lertninale o <br /> �ecember l, 199'/, uNese each Party's Goaeming Boerd hu adop�ed an appmpriave resolution <br /> refermcing�his Agre�ent md s�ativg Nai Ne Open Maners have b«n resoivN ro euch Parry's <br /> sansfacnon. <br /> AR2ICLE ❑ <br /> • Cw�lv'sAm��Mtln�ofEtlallwe����aWrteCnlem <br /> 3.01. CovnN'_pmo�Hnn� Coo_Ideratlon iv covsidqafion for IM1e RuuRr of <br /> asxcts dcscnbed in Secton 2.02, evd iu comiderelion (or Ne oNer wdmaltings of the ioums in <br /> Ws Ageemmt (includivg the mdmalcings en forth in Secvion 2A5), but without additional <br /> vetary compenserioq Ne Cowry agrees m asswne thc liabilifies dacribed in Secnon 2.06 and <br /> ro wdmate Ne oWa obligaaom impo¢ed oo it by Nis Ag�eavevL The irv�sfm wili b< <br /> o�uurtuna[ed punuan[ W a separe[e travsfec ageemen� (We "Trevfer Ageemrnt'� ro be <br /> negonated among Ne Comty, Certbom aM Chapel Hill, which agement ahall be subjec[ �o <br /> approval ie i4 soM1�tannaqy nnel lorm bY �e respective Govemin8 Boards of Nose tivee <br /> Paz[ies. <br /> $,ryj, RM.n eSv�temd�eN�. (a) Under [hC TrulSftt Ageemen[ <br /> Carzbo�o arW Chapei Hill ehell aaoaf all of Neir respeciive nght. tlHe md interest in and m all <br /> of che Exisnng Syetem Asee[s w We Cowty. <br /> @) The Pazries agee that fAry do not intrn4 by Ne Travsfeq m mvive any easement <br /> across ihe Greene i�azt fo�We bmefit ofthe pmpeery knoum u Ne "Nrville Tra t." <br /> 2.03. 6rcne T.aec (a) The Par[ies agee �hat ueiWer Ne Teansfer �or any <br /> • o[M1ev pmvision of tlUS Agreement shell or doa effect eny cAange in�he s�anu of Ne oumership <br /> ofNe Grerne Trect. <br />