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• <br /> 3 . That upon the cessation of such business operation, or <br /> upon the business suspension for a continuing period of one ( 1) <br /> year, and in consideration of the above, the parties agree as <br /> follows: <br /> A. The property owners will restrict the use of the <br /> property to a new machine shop and residential use for the owner of <br /> the business. All other uses permitted under C-1 are excluded. <br /> B. The property owners will be in complete control of <br /> the rezoned parcel and shall use the parcel as a new machine shop <br /> and residential use for owner of business. The property owners <br /> further agree that they will not, except as hereinafter set forth, <br /> sell, transfer, lease or any way change the use of said parcel to <br /> other than those uses set forth in this paragraph. <br /> C. The property owners shall not transfer, lease, sell <br /> or convey any legal or equitable interest in the parcel to be <br /> rezoned to C-1 District without filing a petition at the property <br /> owners' expense requesting that the above parcel be rezoned to A-1 <br /> and shall follow the rezoning process through to a successful <br /> conclusion. Should the property owners fail to petition, the Town <br /> Board may petition acting as the owners' agent, such agency being <br /> hereby irrevocably created. <br /> D. The present uses of the new machine shop if ever <br /> terminated, or if the uses have been abandoned for a period of one <br /> ( 1) year, then a petition shall be filed at the expense of the <br /> property owners requesting that the above parcel be rezoned to A-1 <br /> as set forth in Paragraph C above. <br /> 2 <br />