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10 <br /> 2. To complement growth management objectives, land use plans <br /> and annexation plans in existing agreements, such as the Orange <br /> County-Chapel Hill-Carrboro Joint Planning Agreement and Joint <br /> Planning Area Land Use Plan <br /> 3. To resolve in advance and preclude future conflicts about future <br /> service areas and annexation areas. <br /> 4. To provide for predictable long-range water and sewer capital <br /> improvement planning and financing. <br /> 5. To provide for limitations on water and sewer service in certain <br /> areas, as defined. <br /> II. HOW THE AGREEMENT WORKS <br /> A. Effective Date of the Agreement <br /> This agreement shall become effective upon execution by all of the <br /> parties and signature by the chief elected or appointed official. <br /> B. Term of Agreement <br /> This agreement shall remain in effect for ten (10) years from its <br /> execution, and shall be renewable as provided in the following <br /> subsection. <br /> C. Procedure for renewal <br /> At the end of each ten year term, the agreement shall renew <br /> automatically, unless written notice is provided of intent to withdraw as <br /> noted in subsection E below. <br /> D. Procedure for proposing and acting on changes in agreement <br /> including boundaries <br /> 1. Any change to the agreement (including boundaries) requires <br /> approval of all parties to the agreement. <br /> 2. The addition of other parties to this agreement shall be by consent <br /> of the current parties. <br /> E. Procedure for withdrawal from/decision not to renew the <br /> agreement <br />