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7 <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 />