Orange County NC Website
-- <br />6 <br />purposes, and -the three owners will work together to <br />deteraiiae tlie~ ultimate use of the remainder. <br />The Parties agree that the Greece Tract remains a <br />landfill asset . <br />Chapel Hill, Carrboro and the County (the "Greene <br />Tract Owners") wall 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 boxy mixed <br />solid waste or construction cad demolition waste on any <br />portion of the •Greene Tract. The County states its <br />recommendatioa,to future County Governing Boards that the' <br />County make• no such burial. The deed to this property will <br />include a =estri~tioa 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 />disposition 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 />nay use o~ the remaining portion of the Greene Tract <br />without the consent of the other Greene•Tract Owners. <br />~~ <br />' 'The Greene Tt'act Owners agree that among the issues <br />to be~.addressed ~n the bargaining process are' (].) the <br />,specific future ue~$, or~ranges of use, to be made of the <br />remainder of ~' the,~~ Greene Tract (including issues of <br />devoting different.~~~portions to different uses, devoting <br />portions to public-uses and the ,possibil,ity of making <br />portions available for Bale' or private use), and (2) <br />whet~ier to impose specifid •. 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 />. pub~,ic~ comment oa possible or proposed uses 'or <br />~- dispositions. ' <br />During the "bargaining period," no Greene Tract Owner <br />shall (1) file any legal. action 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 />