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I <br /> t <br /> . ' <br /> ' ~ `Execution Draft <br /> the SC Tract or any part thereof except for routine encumbrances for taxes and assessments not <br /> yet due and payable, and encumbrances approved in advance, in writing, by thj~ City. <br /> 6. Term of Agreement. This Agreement shall continue in full forge an~ effect until the SC <br /> Plan is completed and the City accepts a general warranty deed vesting title c~f the Water Course <br /> in the City, provided that either OWNERS or PARKS may terminate this A~eement with thirty <br /> (30) days' written notice to the other if the UGB amendment is not approved ~y the City council <br /> by July 1, 2005. <br /> 7. Memorandum. At City's request, each of OWNERS will sign a memorandum of this <br /> Agreement for recording in the official Lane County Land Records. <br /> 8. Relationship of Parties. The parties do not intend, by this Agreeme>~t or any agreement <br /> contemplated herein, to create a partnership, joint venture or any relationship of employment or <br /> agency, and no party shall be authorized to undertake any action hereunder as the act of any other <br /> ' party. Each party to this Agreement is, and shall at all times remain, anFindependent entity <br /> cooperating with the other parties solely for the purpose of furthering its own ~nterests. <br /> 9. No Third-Party Beneficiaries; Assignment. The parties do not intend this Agreement <br /> to be made for the benefit of, or to be enforceable by, any third party, nor wil~ this Agreement be <br /> assignable by any party without the prior written consent of all other parties. <br /> IN WITNESS WHEREOF, the parties have executed this Agreement on (the dates set forth <br /> below. E <br /> LEELYNN INC. <br /> l <br /> By: ~ Date: G~.P/v`> <br /> Melvi cDou ,President <br /> f <br /> WILEY MT., INC. <br /> i <br /> By: ~ c ~ Date: 6 8' o <br /> Norman N. cDou , Presi ent <br /> i <br /> [Remainder of Page Intentlonatly Blanks <br /> j <br /> i <br /> w <br /> Urban Lands and Parks Pre-Planning Development Agreement ; Page S of 9 <br /> <br /> B00(~J SOd '8 ~NLLH}t Md ~N~9fi~ Z88i~ Z89 Tb5 ~XV~ 9Z~TT HOiQ ~0/5Z/OI <br /> <br />