Common use of Contemplated Sequence of Events Clause in Contracts

Contemplated Sequence of Events. A. Morrisville Town Council authorizes the Town Manager to enter into this Memorandum of Understanding. B. The Wake County Board of Commissioners authorizes the County Manager to enter into this Memorandum of Understanding. C. The County engages design consultants to complete the Joint Master Plan pursuant to this Agreement. D. The Master Planning consultant makes a presentation to the County and the Town for action related to the Joint Master Plan. E. The Town and the County staff each determine if it is feasible to proceed with recommending the Joint Master Plan to their respective boards. If a decision is made by either party not to proceed, the events set forth in F through H inclusive shall not occur. F. If the decision is made to proceed, the County and the Town prepare, negotiate and finalize the terms of a proposed Interlocal Agreement, the scope of which will be defined based on the results of the referenced Joint Master Plan. The Parties will reach a mutually agreeable solution to the land rights needed for each of their respective needs. G. The Town and County seek approval and appropriation of funding from their respective Boards, as appropriate, to enter into the Interlocal Agreement. H. The Parties shall proceed upon the terms established by the Interlocal Agreement, which shall provide for the procurement, construction and use of the facilities to be constructed as part of the Project. The Interlocal Agreement shall replace and supersede all previous documents, agreements, and understandings with respect to the subject matter.

Contemplated Sequence of Events. A. Morrisville Town Council authorizes the Town Manager to enter into this First Amendment to Memorandum of Understanding. B. The Wake County Board of Commissioners authorizes the County Manager to enter into this First Amendment to Memorandum of Understanding. C. The County County, working collaboratively with the Town, engages design consultants pursuant to an RFQ process to complete the Joint Master Plan Schematic Design pursuant to this Agreement. D. The Master Planning Schematic Design consultant makes a presentation to the County and the Town for action related to the Joint Master Schematic Plan. E. The Town and the County staff each determine if it is feasible to proceed with recommending the Joint Master Schematic Design Plan to their respective boards, such recommendation to include the agreed upon apportionment of financial responsibility between the parties for the Project. If a decision is made by either party not to proceed, the events set forth in F through H inclusive shall not occur. F. If the decision is made to proceed, the County and the Town prepare, negotiate and finalize the terms of a proposed Interlocal Agreement, the scope of which will be defined based on the results of the referenced Joint Master PlanSchematic Design. The Parties will reach a mutually agreeable solution to the land rights needed for each of their respective needs. G. The Town and County seek approval and appropriation of funding from their respective Boards, as appropriate, to enter into the Interlocal Agreement. H. The Parties shall proceed upon the terms established by the Interlocal Agreement, which shall provide for the funding, procurement, construction and use of the facilities to be constructed as part of the Project. The Interlocal Agreement shall replace and supersede all previous documents, agreements, and understandings with respect to the subject matter.