Agenda - 12-06-2012 - 3 - Laserfiche WebLink

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� 59 purposes, aad the three avPaers will vrork tcgether to � . determiae the ultisnat� use af the re�a:iad.er. The Partiea agree that the .Greeae Tract rema.ins a � landfill asset. . � i Chapel Hill, Carrboro and the Caur�.ty (the �G�eene Tract Owners") will transfer to the Caunty title to that portioaa of the �Greene Tract described on Sxhibzt E, which contains approximately sixty acres. The Cavnty may use the property described on Lxhibit L for System purposes. The . Caunty states , its . current intention not to bury mixed solid waste or cvnst�zuction and demolition waa�e on any portion of " the Greene Tract. The Coun�y stateg its recommendation to future County. Gaverna,ng Boards that the County make no such burial. The deed to tihis property wi11 include a restriction prohihiting the tu�e of the property described on 8xhibit E far buryi.ng mixed solid waste or • construction and demolition waste. � � , The Greene Tract �wners agr�e td bargain together in good �aith and �rith all due diligence, and to use theix x-espeati.ve best •effarts, to determine an ultimate use or dispoeition of the remainder of� the Greene Tract as soon as possible and in aay evei�t by December 31, � 20D1, or two _ yearB after th� effective date, whi�hever is later. During . this °bargaining periad," no Greene Tract Owner shall �make any uae of the renia.ining portion of the Greene Tract without the coneent of the ather Greene Trac� Owners. • The Greene Tract Owners agree :tha.t among� the issues to be addressed in the barg�ining pxoce�s. are (�.� the - specific future uses, az ranges of use, . to b� '�nade� of the . . remainder of �the Greene Tract� (including ' igsuea of devoting different partiona to different uses, devoting - , partians . ta public uses and the possibility of making portione available for sale or private use) , and (2) whether to impose speaa.fic 'use restrictions, either through deed testrictions or through gavernmental regulation. The Greene Tract owners agree tha.t during the "bargaining period" each should grovide oppartuaity for . ' public camment on poseible or praposed uses or disposztione. . During the "bargaining period," no Greeae Tract Owner sha17. (i) file any legal action or proc�eding to force any aale or division of the Greene � Tract, or t2) enter into any agreement to sell, mortgage or otherwise transfer all �ir any part of its ownership zn�erest in the Greene Tract, � .