Agenda - 03-31-2008-4 - Laserfiche WebLink

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After the "bargaining period,7 is completed, namely, the day after the* last day of the . bargaining period, no Greene Tract Owner shall (1) file any legal action or pr6ceeding to force any sale or division of the Greene Tract, or (2).enter into any agreement to'sell,' mortgage or otherwise transfer all or any Part of its ownership interest in the Greene Tract, in either case without 'giving the other Greene Tract Owners at least 60 days' prior notice of such filing or entering 'into an agreement. in addition, after- the "'bargaining period" is completed, any Greene Tract Owner may give 60 days I prior notice ok'an election to be no longer bound by the above restrictions strictions pertaining to the'uses •of and whether to impose use restrictions on 'the remainder of the Greene Tract, and such , 61 * e ection shall be effective at the end of the notice period, The Parties agree that any non System use of any portion of the remainder of the Greene Tract or any di-16position'of. any portion of the remainder of the Greene Tract shall result in. payment to. the County-, of the Reimbursement Amount for deposit in.the System enterprise fund. 6. The County will finance community benefits from.•System funds to the extent legally permissible. The Parties will cooperate to provide public benefits to the community of residents and property owners in the neighborhood of the existing landfill. The Parties note the expected forthcoming report of the Landfill Community, Benefits Committee that has been studying the c1iiestion' of. community benefits. Upon the release of the report,' each-Party shall provide for its Goverfiinq Board to discuss the working group's proposal for community benefits, and shall provide for such legal ..and other staff analysis of the proposed list• As it may deem appropriate (especially including legal analysis concerning the use 'of System funds to pay the costs of such benefits) . After each Patty has completed its own analysis, the Parties shall work together, diligently and in good faith, to reach an-agreement as to community benefits to be provided. The process of determining community beniefits shall continue to include participation by persons - belonging. -to the relevant community. Final determinations of the *public -benefits to be provided, the. sources of Ti for pro financing and the mechanisms ' providing the benefits, h6wever, shall. I be made only by further agreement of all the Parties, The Parties state their pr4ference* that benefits be financed from System funds'to*the extent'permitied by law. To the extent permitted. by 14w and by generally . accep* ted accounting,., principles, to the extent determined by the Parties and notwithstanding any other provision of this Agreement, the costs of providing public' benefits as described in this Part 6 may be treated as an-expense of the System.and may be . paid from System Revenues. EE