Agenda - 04-08-2008-4 - Laserfiche WebLink

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~~ . After the " bargain3.ng period" is completed, namely, the day after the • last day of thebargaining period, no Greene Tract Owner ' shall (1) file any legal action or proceeding to farce any sale or division of the Greene Tract, or (2).enter into any agreement to sell, mortgage ar otherwise transfer all or any part of .its oianership interest in the Greene Tract, .in either case without giving the other ~• Greene Tract Owners at least 60 days' prior notice of sv.ch filing or entering 'into an agreement. 2n additian,~ after the °'bargainirig period" is completed, any Greene Tract Owner may give 60 days prior notice of an election to be~no longer bound by the above restrictions pertaining to tlie' uses •of and whether to impose use restrictions an 'the remainder of the Greene Tract, and such election 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 disposition'of.any portion of the remainder of the Greene Tract shall result in. payment to~the County of the Reimbursement Amount far deposit in, the System enterprise fund. 6. The County will finance eommnaity benefits fsom~'System funds to the extent legally permiesi.ble. . The Parties will cgoperate 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 Cammunity~Benefits Committee that has been studying the question' of. cpminunity benefits. Ugon the release of the report, each~Party shall provide for its Gave~riing Board to discuss the working group's prapnsal 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 Party has completed its own analysis., :.the Parties shall wank together,, diligently ,and in good faith, to reach anaagreement as to community benefits to be provided. •The process of determining community benefits shal], continue to include participation by persons belonging •to the relevant community. Final determinations of the 'public•benefits to be provided, the:saurces of financing and the meChan15m5 for providling the benefits, however, shall ~be made only by further agreement of all the Parties. The Parties state their preference that benefits be financed Pram ' System funds'to the extent•permitted by law. To the extent permitted~by . law and by generally • accepted accauntiiYg,., principles, to ~ the extent determined by the Parties and notwithstanding any other prov3.sion of this P3reement, 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 Reveaue~. ~ ,, 10