Agenda - 08-07-1997 - 3 - Laserfiche WebLink

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V (b) The Parties acknowledge that it is an important objective of this Agreement that the current total compensation package for System Employees be maintained at a substantially equivalent level through the Transfer, although the combination of salary and benefits for any employee may change. The Parties recognize that all components of compensation to System Employees after the Transfer will be subject to changes in salaries and benefits in the same fashion as other County employees. The County and Chapel Hill shall develop a detailed schedule comparing the total pre-Transfer and post-Transfer compensation for each System Employee in connection with the Transfer Agreement. Chapel Hill shall send a copy of such schedule to Carrboro when the schedule is complete. 2.06. Closing Procedure. (a) The Transfer Agreement shall provide for the appropriate parties to execute and deliver at the Closing the documents and instruments listed on Exhibit C to carry out the Transfer, all of which documents and instruments shall be in form and substance reasonably acceptable to the County, Carrboro and Chapel Hill. (b) The Transfer Agreement shall transfer all Existing System Assets on an as-is, where-is basis, without warranty of title, condition or any other kind; provided, however, (i) that real property shall be transferred pursuant to general warranty deed as described in paragraph (a) of Exhibit C, (ii) that vehicles subject to State motor vehicle titling requirements shall be transferred by endorsement and delivery of title certificates as described in paragraph (b) of Exhibit C, and (iii) that Chapel Hill shall provide such evidence of title to all other transferring equipment as it may have reasonably available in its business records. (c) In the Transfer Agreement, the County, Carrboro and Chapel Hill shall make appropriate representations and warranties with respect to (i) their respective authority to enter into the Transfer Agreement and consummate the Transfer and (ii) the absence of conflicts with agreements and applicable laws. ARTICLE III Selection of New Solid Waste Management Site and Related Matters 3.01. Selection of New Solid Waste Management Site. The Parties shall work together to select a New Solid Waste Management Site within Orange County. 3.02. Benefits to Communities. (a) New Solid Waste Management Site-- The Parties shall work together to develop a process to address issues related to providing reasonable public benefits to the community of owners and residents of property abutting the New Solid Waste Management Site, in recognition of the effects that operation of a landfill may be perceived to have on the community of adjoining property owners and residents. These public benefits are to be considered as separate and distinct from any 5