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4 <br />2. To complement growth management objectives, land use <br />plans and annexation plans in existing agreements, such as <br />the Orange County-Chapel Hill-Carrboro Joint Planning <br />Agreement and Joint Planning Area Land Use Plan <br />3. To resolve in advance and preclude future conflicts about <br />future service areas and annexation areas. <br />4. To provide for predictable long-range water and sewer <br />capital improvement planning and financing. <br />5. To provide for limitations on water and sewer service in <br />certain areas, as defined. <br />,~.,_...~_~.m,~, <br />II: NOW THE AGREfMfNT WORKS <br />A. Effective Date of the Agreement <br />This agreement shall become effective upon execution <br />by all of the parties and signature by the chief elected or <br />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 <br />withdraw as noted in subsection E below. <br />D. Procedure for proposing and acting on changes in <br />agreement including boundaries <br />1. Any change to the agreement (including <br />boundaries) requires approval of all parties to the <br />agreement. <br />2 <br />