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Agenda - 08-11-1998 - 2
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Agenda - 08-11-1998 - 2
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7/9/2019 10:21:28 AM
Creation date
7/7/2010 2:50:37 PM
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BOCC
Date
8/11/1998
Meeting Type
Work Session
Document Type
Agenda
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2
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Minutes - 19980811
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\Board of County Commissioners\Minutes - Approved\1990's\1998
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, <br /> (b) Cartbom, Chapal Hill end �ha Cowty, as Me curzent owners of Me Ooeene TraG, • <br /> agee ro bazgain rogeNn in good faith evd wieh all due diligencq and ro use Neir resp«�i��e best <br /> etEorts, m dememine an ultvnare me or disposicion of che Greene iract before la�uary 1, 29BB <br /> 2001 Dunng tiils penod, m Parry shall teke eny xtio� m force any sale or division of rhe <br /> Cneene Trazt nor shall any Party take any acnw m sell,mortgage or oNemise transfer all or any <br /> part of iu ownmluP interert iu[he Greene Trzct. <br /> (c) If[he ownem of Ne Geene Trac[heve uot rceched en ageemmt az m tAe ultimate <br /> use or dispositionofthe Grsm Tnn bylamary 1, 2000,Men Ne Cowty, for ibelf and as agm� <br /> for the other awners, shall foMwith proceed [o o�and sell ell Ne Grcene Tract in fee simple <br /> for cash to the Aigheet bidda iherefore, iv such maeu�e� aa Ne Cowty may deremwe in iu <br /> rea»vablediscretiou. <br /> (d) The County sM1all promptty apply the pmcecds of eny wc*-sek-��q_m� <br /> p.re�anr m�•y_yv� npectioe (el�bnv.in tye followivg marmer: <br /> (i) First m pay the ezpenaea of We vle; <br /> (ii) ScconA ro pay ro the Solid Wsate Sysmm enterynse fvnd Nrn mai��vnM <br /> by Ne Comry pursuen[ ro Smriau 5.00, the sum o((a) E608,823, bring Ne onginal pwchase <br /> pnce of Ne Grtme TrecR P��s(B)(pl�ompowded ivteresc on mch vnomt at Ne annual nie <br /> of 6°/a from Mamh J0, 1984,to the closmg dare of any sale; md • <br /> (iii) Any canaiedec ehall h distributed iv Ihe following p�opoNOns: <br /> (AJ YOGRDOfO� IA%i <br /> (B) To ChaPel Hill.<3%: and <br /> (C) io We Cowry,a]%. <br /> 2.00. (,jypjy{�.y (a) Ueda Nc iransf Ageemmt W�Counry shall aseume all <br /> liabilifie; ivcludiug mavo�rntal IiabitiGes, relatM ro the owvasM1ip o( tl�e SoGd Wazte <br /> System, includin& �o �e extmt pmrtitlN by law, ail liabilines relazed m the oumership of <br /> Exietmg Syatem AMMeeu which may heve azaued prior ro ihe Ciosing. <br /> @) Ueder tM1e'I�mafa Agrcemrn4 ��P��^-t shall refein [he'v individual liability, i! <br /> any, wda mviro�wrnW laws aM oNewix, relared ro thev respecnve use o(Ne Solid Wure . <br /> $ystem both befo�e md atler t6e Closing (az. for examPle, mY liebility ansivB �m Neir <br /> delivenng,or causwg m be deGvmed,SoGd Waste m Sysmm Managemrnt FeciGties). <br /> (c) The Pazria ackwwled8a Nat �ha Cowry's azsumPlion of amvn liebili[ies <br /> pwsuan< <o We Transfer Ageemmt, as described in s�bsecfion (a) abovq will noc limit, end is • <br /> m[ intmdcd m limi4 ��ebiGty of any govemmw�al aurhonry ro impoee, or ro seek ro impose, <br />
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