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8 <br /> Resolution Meeting. The Representatives shall notify each other of the specific <br /> disputes that need discussion and meet together with each Party's attorney to <br /> attempt to resolve the disputes. If discussion is successful, the proposed <br /> resolution will be submitted to each Party's governing board for approval of the <br /> Representatives' decision. If resolution is unsuccessful within 60 days the <br /> Parties shall mediate the disputes. <br /> Mediation. The Representatives and the Parties' attorneys shall jointly agree on <br /> and select a mediator to assist in resolving the dispute. Mediation must occur <br /> and be concluded within three months of the notification required for a Resolution <br /> Meeting. The governing boards of the Parties must approve any mediated <br /> resolution. <br /> 6. DIVISION OR SALE <br /> No Party shall 1) file any legal action or proceeding to force sale or division of the <br /> Property without having engaged in all dispute resolution procedures set out herein, if <br /> applicable, and, subsequent thereto, without first providing 60 days' written notice to the <br /> other Parties, or 2) enter into any agreement to sell, mortgage, or otherwise transfer all <br /> or any part of its ownership interest in the Property without first offering the other Parties <br /> the option to receive, purchase, or otherwise obtain the selling Party's interest in the <br /> Property. If the other Parties fail to respond to such option within 60 days of the offer <br /> the transferring Party may divest itself of its ownership interest in the Property according <br /> to property divestiture laws of North Carolina. <br /> 7. NOTICE <br /> Any notice pursuant to this Agreement, or any amendment or renewal, shall be in writing <br /> and delivered by United States Mail to the following: <br /> To the County: To Chapel Hill: <br /> Orange County Town of Chapel Hill <br /> County Manager Town Manager <br /> P.O. Box 8181 405 Martin Luther King, Jr. Blvd. <br /> Hillsborough, NC 27278 Chapel Hill, NC 27514 <br /> To Carrboro: <br /> Town of Carrboro <br /> Town Manager <br /> 301 West Main Street <br /> Carrboro, NC 27510 <br /> 5 <br />