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Agenda - 03-31-2008-4
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Agenda - 03-31-2008-4
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4/23/2013 9:55:32 AM
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8/28/2008 9:53:25 AM
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BOCC
Date
3/31/2008
Document Type
Agenda
Agenda Item
4
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Minutes - 20080331
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\Board of County Commissioners\Minutes - Approved\2000's\2008
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in either case without the. consent of the other Greene <br />Tract Owners. To:the extent.. 'Permitted by law, Chapel Hill <br />agrees i not to initiate any proceeding to rezone any <br />portion' of the Greene Tract 'during the "bargaining <br />Period, without the consent of the other Greene Tract <br />•Owners. Chapel Hill states its current intent to <br />-accommodate any agreed-upon future -uses, or range of uses <br />of. the. remainder of the Greene 'Tract in its Development <br />Code/Ordinances and states its- recommendation' to future <br />Chapel Hill Governing Boards to the same effect. <br />After the, "bargaining - peri6' <br />d" I I <br />s completed, namely, <br />tlie day after the last day of the 14-rgalning period, • no <br />Greene Tract Owner shall (1) file any legal action or <br />Proceeding. to force 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 />interest in the Greene Tract, 'in either case without <br />giving the other Greene Tract Owners at 'least 60 days <br />'prior notice of such filing or entering into an . agreerhent.. <br />In addition, after the "bargaining' period" , is completed, <br />any Greene Tract. Owner may give. 60 days' prior notice of <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 of thek Greene <br />Tract, and such election . shall. be effectiv6 at the end of <br />the notice period., <br />-The Parties .agree that. any non System, use of -any <br />• -portion of the reminder of the Greene Tract or any <br />disposition of any'bort'ibn of'the remainder of the Greene <br />Tract shall result. ,In g;�ym ent-to-the County of the <br />. ... * <br />Reimbursem'ent Amo ' <br />urit,fot deposit in the System enterprise <br />fund. <br />4. BY rePlacing'the date-•n the first paragraph of part <br />?'with the following: "*one month after the effective date of <br />this Agregment." <br />.5. By amending subsection (a) of the 'Members; . Terms" <br />-provision .of Exhibit C to the Agreement to read as-follows: <br />(c) The first Year of the term of each initial member <br />of the Advisory Board shall, be deemed to expire on June <br />30, 2001. Thereafter, each year of the term of an Advisory <br />Board member will run from* July I through the subsequent <br />June 30, but each member shall continue to serve 'until <br />such member I a successor -has been duly appointed and <br />qualified for office. <br />3 <br />
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