Orange County NC Website
34 <br /> in ei�her case wzthout �h� • �oza.sent o� the other Gzeene <br /> � 'i`ract own.ers. `�o �he extent pezma.tted by law� Chapel �Hil]. <br /> agre�s not to initiate any �proceeding- �a �ezone any <br /> � portion af the Greene Tract C�I1riZ}.� the "bargaining <br /> � . period,'� wifiha�� the consent of the other Greene Tract <br /> .Owners. . Chapel H�ill � states i.ts curxent intent to � <br /> �ccommodate any agreed-upon future uses or range of uses � <br /> ot t33.e remaiszde�r �of the .Green� Tract a.n its Developmen� <br /> � C��de/Ordinances an.d s�ates its recoilmi�.dation to futura <br /> Chap�l Hill. Govarning Baarcis to the same effect. <br /> A.f�er t3.ie "bargaining per3od" is conrpleted, na�ely; <br /> . the day� after the last da�r o� �h� bargaining _peri�c:�, r�a <br /> Greene Tzaat Owner sha11_ (3.y file any legal action ar <br /> proceeding to torce anp- sale or divi.sion, of the �reene <br /> • �.`z-act, or (2). enter zn�o any agreement ta sell, mortgage <br /> or otherwise tran.sfer a3.1 ox an�r part of �.ts ownership <br /> interest in the Greene Tract, in -either case without <br /> giving the other Greena Tract Owners at least 60 day's' . � <br /> prior �otice of� su:ch filix�g ox� enterins3 into .an �greement. � <br /> Iri addit-ion, after the "bargaining period° is comp].et-ad, <br /> any Greene Trac� . Owner .may ga.v�: 60 days' przor noti.ce of <br /> an election to be na longer bound �y the above <br /> restrictions pextaining to �he uses of and whether to <br /> im�ose use restrictians ozz th� remainder of the Greene <br /> Tract, and suc�i el.action shall he e��ective at the en.d af <br /> � the notice perioda . <br /> The Paxties agree th�t any non Sy'stem use of any <br /> � portion of the retu�inder of the Greene Trac� ar any <br /> dispasition. of aFi� `por-tion af �he remainder of the Greene • <br /> � � Tract shall resul��Yin payment• to the C�znty of the • <br /> Reimburaement Amouri�, �or deposit in t3.ie System en�exprise� <br /> � . �,a.�a. �.;� . <br /> 4. By replacing �he date in the first paragraph of Qart <br /> ' 7 with the following: "one manth after the effect�ve date of � <br /> thzs Agreement.° � . ; <br /> . 5 . By amending subseatzan (c) of the "Members; `Tertns" <br /> • pravision. of Exhibit C ta. tha Agreement ta read as. foll.ows: <br /> ' (c} The firsr year of the term of each initial niember <br /> � o� t�ze Advisory Board shal.]. be deemed to expire on June <br /> 30, 2001. Thereafter, each year of tha tarcn -af an AdV-isory <br /> Baard membe� will run from JuJ.y 1. �hrough the svbsegu�nt <br /> • June 30, but each :member shall continue to serve until - <br /> such member�s successar h.as- been duly appointed and <br /> • • c,�.alified for office. ' <br /> 3 <br />