Agenda - 06-05-1997 - 2 - Laserfiche WebLink

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6 County, Carrboro and Chapel Hill, which agreement shall be subject to approval by the respective Governing Boards of those three Parties. 2.02. Assets. (a) Under the Transfer Agreement, Carrboro and Chapel Hill shall transfer alMo{`�ieir respective right, title and interest in and to all of the Existing System Assets to the County. (b) The Parties agree that the Greene Tract does not constitute any part of the Existing Tystem Assets for any purpose of this Agreement. The Parties further agree that they do not intend, by the Transfer, to revive any easement across the Greene Tract fbF the benefit of the property known as the "Neville Tract." 2.03. Liabilities, (a) Under the Transfer Agreement, the County shall assume all liabilities, including environmental liabilities, related to the ownership of the Solid Waste System, including, to the extent permitted by law, all liabilities related to the ownership of Existing System Assets which may have accrued prior to the Closing. (b) Under the Transfer Agreement, the Parties shall retain their individual liability, if any, under environmental laws and otherwise, related to their respective use of the Solid Waste System both before and after the Closing (as, for example, any liability arising from their delivering, or causing to be delivered, Solid Waste to System Management Facilities). (c) The Parties acknowledge that the County's assumption of certain liabilities pursuant to the Transfer Agreement, as described in subsection (a) above, will not limit, and is not intended to limit, the ability of any governmental authority to impose, or to seek to impose, environmental or other liability directly on a Party (as, for example, any liability accruing to the current owners of the Existing System Assets as a result of their status as owners prior to the Closing). (d) The County shall not assume any indebtedness of Carrboro or Chapel Hill. 2.04. pelivery of Solid Waste and Recyclables. As additional consideration for the Parties' respective and mutual undertakings under this Agreement and the Transfer Agreement, the County and the Towns all agree to deliver, or cause to be delivered, to System Management Facilities for disposal or processing, respectively, all Solid Waste and County Recyclables under their respective control, including (without limitation) all Solid Waste and County Recyclables collected by any Party's employees, solid waste collection contractors, solid waste collection licensees or solid waste collection franchisees; provided, however, that there shall be no such obligation to deliver Other Recyclables to System Management Facilities. 2.05. Treatment of Solid Waste System Employees. (a) All of the System Employees will be transferred to the County and become County employees 4