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60 <br /> proper access to parking. The Executive Board will further define in rules and <br /> regulations the limitations of access or use of the common element parking deck, <br /> including the hours of operation, and if applicable, any charges municipal public <br /> parking as described in Article II, Section 3 in this Declaration. The provisions <br /> of this Declaration provide certain parking spaces are deemed limited common <br /> elements of the Condominium The Town shall have absolute control over its <br /> designated limited common element spaces and the County shall have absolute <br /> control over its limited common element spaces. The limited common elements <br /> spaces of the Town and County and certain common element shared spaces are <br /> shown on the recorded Plans of the Condominium. <br /> ARTICLE X <br /> RIGHT OF FIRST REFUSAL <br /> Section 1: The Town and County agree that in the event either party intends to sell its interest <br /> in its Unit or any subsequent created Unit or Units, the selling party agrees that <br /> prior to listing or otherwise placing the Unit or Units up for bid or sale, the <br /> selling party shall provide the other party with written notice of its intent to sell <br /> the Unit or Units. The non-selling party shall have the exclusive option for a <br /> period of one hundred and twenty days (120) days from the date of receipt of <br /> such written notice to submit a written offer to purchase at a price agreeable to <br /> the Parties. In the event the Parties cannot agree upon a price for the Unit or <br /> Units to be sold, the Parties shall both secure appraisals from a North Carolina <br /> licensed appraiser, and the purchase price for the Unit or Units to be sold shall be <br /> determined by calculating the average of the two appraisal valuations. In the <br /> event that the non-selling party determines that it shall not proceed with the <br /> purchase of the Unit or Units using the average between the two appraisal <br /> valuations, then in that event the selling parry shall have the right to market and <br /> sell the Unit or Units, subject to complying with all state and or federal rules, <br /> regulations and requirements of the sale of real estate by a North Carolina <br /> County or Town. However, the non-selling party shall have thirty (30) business <br /> days to match or exceed any 3rd parry offer obtained by the selling parry, and if <br /> 18 <br />