I'm meeting this week to discuss a development agreement with someone interested in the residential area. What we're anticipating up there is mixed residential housing ... maybe senior or assisted-living housing.

We felt under great pressure to enter into a second agreement,

For all intents and purposes, we've reached an agreement. It's just a matter of signing the document.

We obviously think that it (the agreement) is an excellent outcome for all involved.

This was Jack's contract for his final years of employment rather than just a retirement agreement.

We couldn't meet our end of the agreement in a timely fashion, which delayed their construction. We extended the agreement with a one-year moratorium, and in June they will have to be in at least 30,000 square feet of building and meet the employment requirement.