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Minutes of the Special Meeting of Council Monday, August 8, 2011 Page 3 satisfied within the two year period, the Village will have the right to terminate the Development Agreement and force the property to revert back to single-family usage. That's pretty much the summary of the legal process, pretty much the summary of the Development Agreement between the parties, and I believe that covers it. Mr. President and Mayor, is there anything else? Mayor Rinker replied, no, I think that's fine. I think the application can do his presentation. Council President Pro Tem Marrie stated, okay, we are going to have a presentation now with Deacon's, an overview. PRESENTATION BY REPRESENTATIVES OF DEACON'S - JIM DEACON For those of you who don't know me, I'm Jim Deacon. I am the Acting President for the dealership. My Dad and my Uncle, Tom are here also. We all are owners of the dealership. We also would like to introduce Jack Gannon. Jack is the Dealer Network Development Manager from Chrysler. He made the trip down for us from Detroit. He has to fly down to California early in the morning for some issues there, but he was nice enough to stop in tonight. Jack has had a big interest in getting this project down. I look to him to give a few words, a little background of what the corporate goals are and what they're trying to get accomplished and then I will come back and answer any questions and then I would like to introduce our architect who will go over the final design. Council President Pro Tem Marrie welcomed Mr. Gannon. - JACK GANNON Good evening and thank you. I am here in support of Deacon's proposal. Back in June of 2009, Chrysler had some very difficult decisions to make based upon the bankruptcy. We came out. We had to pick 7 dealerships that we wanted to represent us in this market. It was 13 prior to that. We had to choose 7. We chose the Deacons mainly because of their excellent reputation. They had a long and great history with us and they know how to take care of customers. We knew that we had a Dodge store over in Mayfield Heights and we had to find some place for those customers to go. We had a project called "Project Genesis" which is Chrysler's initiative to have Chrysler Jeep and Dodge all under one roof. Prior to that, we always wanted the Chrysler Jeep dealership to be separate from the Dodge dealership, but coming out in June of 2009, we made the decision we wanted to have all of the lines under one dealership roof. We think it's mandatory now. Chrysler is currently 94% of dealership with the Chrysler Jeep and Dodge lines under one roof and we are able to diversity from that and eliminate some products that were being sold, the same product being sold by Chrysler dealers being sold by the Dodge dealers so we feel down the road we can eliminate some products. We think it's mandatory that every dealership have Chrysler Jeep and Dodge.