Orange County NC Website
Browse       Search
3 ' <br />Seefien 1 wol, --4;A11 her-effle effeetiyi,e ua41 the pai4ies have sele6ted the New gelid Waste <br />the asset and liability transfer contemplated by Article II, and the transfer of operational <br />control contemplated by Article V, shall not take place until Carrboro, Chapel Hill and the <br />County have executed and delivered the Transfer Agreement, as contemplated by Sections 2.01 <br />and 2--96- ?"M <br />The adeptien of the 98-1—id waste Maaaggemem4 Plan, the 33Le,-selection of the New Solid Waste <br />Management Sit , <br />and the approval by the Governing Boards of Carrboro. <br />hau 1 Hill and the County of a substantially final form of the Transfer Agreement are <br />referred to in this Agreement as the "Open Matters." <br />1.03. Dili vent. .nod Faith Bargaining, The Parties shall bargain. together in good <br />faith and with all due diligence, and shall use their respective best effots, to reach final <br />affeemmA 9 resolution of the Open Matters. <br />1.04. Deadline for Negotiations: This Agreement shall automatically terminate on <br />December 1, 1997, unless each Pay's Governing Board has adopted an appropriate resolution <br />referencing this Agreement and stating that the Open Matters have been resolved to such Party's <br />satisfaction. <br />ARTICLE II <br />2.01. County's Acquisition; Consideration. In consideration for the transfer of <br />assets described in Section 2.02, and in consideration for the other undertakings of the Towns in <br />this Agreement (including the undertakings set forth in Section 244) IM, but without <br />additional monetary compensation, the County agrees to assume the liabilities described in <br />Section 2:93 2AA and to undertake the other obligations imposed on it by this Agreement. The <br />Transfer will be consummated pursuant to a separate transfer agreement (the "Transfer <br />Agreement's to be negotiated among the County, Carrboro and Chapel Hill, which agreement <br />shall be subject to approval in its substantially fmaI form by the respective Governing Boards <br />of those three Parties. <br />2.02. Existing System Assets. (a) Under • the Transfer Agreement, <br />Carrboro and Chapel Hill shall transfer all of their respective right, title and interest in and to all <br />of the Existing System Assets to the County. <br />(b) The Parties agree that the T t a ,.tiwte an), '' fthe Rxisti <br />S � <br />they do not <br />