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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 . An agreement will be binding contingent upon approval by each of the <br /> governing bodies . <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 j <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 /> i <br /> 7 . NOTICE <br /> G <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 />