Orange County NC Website
purposes, and the three owners will work together to <br />deterav.ne the ultimate use of the remainder. <br />The Parties agree that the Greene Tract remains a <br />landfill asset. <br />Chapel H~.11, Carrboro and the County (the "Greene <br />Tract Owners") will transfer to the County title to that <br />portion of the Greene Tract described on Exhibit E, which <br />contains approximately sixty acres. The County may use the <br />property described on Exhibit E for System purposes. The <br />County states its current intention not to bury mixed <br />solid waste or construction and demolition waste on any <br />portion of ,the Greene Tract. The County ~ states its <br />recommendation to future County Governing Boards that the <br />County. make no such burial. The deed to this property will <br />a.nclude a restriction prohibiting the use of the property <br />described on Exhibit E .for burying mixed solid waste or <br />construction and demolition waste. <br />The Greene Tract Owners agree to bargain together in <br />good faith and with all due diligence, and to use their <br />respective best efforts, to determine an ultimate use or <br />dispositiion of the remainder of the Greene Tract as soon <br />as possible and in any event by December 31., 2001, or two <br />years after the effective date, whichever is later. During <br />this "bargaining period," no Greene Tract Owner shall make <br />any use of the remaining portion of the Greene Tract <br />without the consent of the other Greene Tract ,Owners. <br />y~ <br />The Greene Tact Owners agree that among the issues <br />to be addressed ~.n the bargaining process are (1) the <br />specific future u$~s, or ranges of use, ~o be made of the <br />remainder of the~~Greene Tract (including issues of <br />devoting different,~portions to d3.fferent uses, devoting <br />portions to public uses and the possibility of making <br />portions available for sale or private use), and (2) <br />whet~ier to impose specific use restrictions, either <br />through deed restrictions or through governmental <br />regulation. The Greene Tract Owners agree that during the <br />"bargaining period" each should provide opportunity for <br />public comment on possible or proposed uses or <br />dispositions. <br />During the "bargaining period," no Greene Tract Owner- <br />shall (1) file any legal act~.on or proceeding to force any <br />sale or division of the Greene Tract, or (2) enter into <br />any agreement to sell, mortgage or otherwise transfer all <br />or•any part of its ownership interest in the Greene Tract, <br />