Developer shall have the right of first refusal on the sale of any property or any interest in any property encompassed within this Declaration of Protective Covenants under the terms and conditions set forth in this subsection. If the owner of any lot within the Selbyville Industrial Park receives a bona fide offer to sell such lot, which offer is acceptable to said owner, said owner shall give written notice of said offer, including the name and address of the prospective purchaser or purchasers, for approval by the Mayor and Council of the Town of Selbyville, or its successors, together with the terms of said offer, including, but not limited to, the price, and all of the other terms of sale, by addressing said notice to the Mayor of the Town of Selbyville, and by sending such notice by certified mail, return receipt requested and postage prepaid. The Mayor and Council of the Town of Selbyville shall have 30 days from the date the offer is received by the Town within which to accept said offer. The acceptance of said offer shall be postmarked before the expiration of the said thirty-day period and communicated to the seller by certified mail with return receipt requested, addressed to the seller at his last known address. If the said offer is not so accepted by the Mayor and Council of the Town of Selbyville, or its successors, within said thirty-day period, the seller shall have the right and power to sell the said lot to the person who made the original offer on the same terms and conditions as that set forth in the original offer. If there is any deviation, change, revision or amendment of the original offer, such deviation, change, revision or amendment shall be communicated to the Mayor and Council of the Town of Selbyville which shall have 30 days to consider the deviated, changed, revised or amended offer, all as in the first instance. In the event of a violation this covenant by any seller or by failing to obtain the required approval, the right of the Mayor and Council of the Town of Selbyville shall not be defeated thereby, and the Mayor and Council of the Town of Selbyville shall be entitled to compel specific performance thereof as against the seller or any purchaser of said seller.