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Execution Draft <br /> <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 the City. <br /> <br /> 6. Term of Agreement. This Agreement shall continue in full force and effect until the SC <br /> Plan is completed and the City accepts a general warranty deed vesting title of the Water Course <br /> in the City, provided that either OWNERS or PARKS may terminate this Agreement with thirty <br /> (30) days' written notice to the other if the UGB amendment is not approved by the City council <br /> by July 1, 2005. <br /> <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 /> <br /> 8. Relationship of Parties. The parties do not intend, by this Agreement or any agreement <br /> contemplated herein, to create a parmership, 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, an independent entity <br /> cooperating with the other parties solely for the purpose of furthering its own interests. <br /> <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 will this Agreement be <br /> assignable by any party without the prior written consent of all other parties. <br /> <br /> IN WITNESS WHEREOF, the parties have executed this Agreement on the dates set forth <br /> below. <br /> <br />I~LEyMM~D°ug/~resident Date: <br />BY)//~:/~Z' c'm /'//~/fft-~ (/'7 Date: <br /> × Norman N. McDougal, ~resident <br /> <br />[Remainder of Page Intentionally Blank[ <br /> <br />Urban Lands and Parks Pre-Planning Development Agreement Page 8 of 9 <br /> <br /> <br />