Orange County NC Website
Browse       Search
t <br /> rt , <br /> 40 <br /> • <br /> in either ease without the - consent of the other Greene <br /> } Tract Owners, To the extent ermi e law, Chapel. Hill <br /> agrees not to initiate any 'Proceeding to rezpne any <br /> portion of the Greene Tract during the "bargaining <br /> e io ,u without the consent of the other Greene Tract <br /> .Owners. Chapel. Hill statea is current intent to i <br /> accommodate any qee -upon future uses or range of uses <br /> of the remainder 'of the . Greene Tract in -its bevelopment <br /> Code/ordinances and states its recommendationo future <br /> Chapel. Hill Governing Boards to the same 'effect , <br /> After the "bargaining e io " is completed, namely; <br /> -. the - day -after._...-.the_ last. day ..of the ` aini-n . period, no <br /> Greene `a owner shall file any legal ' adtion o <br /> proceedingto , farce any sale or division of the Greene <br /> Tract., or 2 enter ,into any agreement to sell, mortgage <br /> or otherwise transfer all or any part of its ownership <br /> inte:cest in the Greene Tract, in either i case without <br /> giving the other Greene Tact owners at least 60 days' , <br /> Prioro ice of s Ealing or entering into an agreement. <br /> In addi - .o , after the "bargaifting period" is completed, <br /> any Greene Tract . owner may give 60 days prior notice o <br /> an election to be no longer bound by the above <br /> restrictions pertaining. to the uses of and whether to <br /> impose use restrictions on the remainder o - the Greene <br /> Tract, and such e ee ion shall be effectiv6at the end o <br /> .e notice periodf <br /> The Parties agree that any non System uge of any <br /> jportion of the remN.inder of the Greene Tract or any <br /> disposition of any ,bortion of the remainder of the Greene <br /> - Tract shall resultk,14 payment. .to the Counter- of the <br /> Reimbursement Amount, for deposit �n the System enterprise <br /> fund <br /> rt, *.' w <br /> • Fti <br /> . By replacing+the date in the first paragraph of Part <br /> a <br /> i w o . .ow . "one month after the effective date o <br /> this Agreement ," F <br /> Fi <br /> t By amending subsection M of the "Members; e s" <br /> } provision of ExhibitC to. the' Agreement to read as follows <br /> ti <br /> (c) <br /> , <br /> The f irst year of the term of each is member <br /> of the Advisory Board shall be deemed to expire on June <br /> 30, o 1 . Thereafter, each year of the �erm o are AdVisory <br /> Board embe will -run from July I through the subsequent <br /> June 30, but each ,merrber shall coatiniae to serve until <br /> such member' s successor has been duly appointed and <br /> F - qualified for office. ' <br /> i <br />