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Council approves loan and purchase‑and‑sale agreement with Ontario Industrial Development Authority
Summary
The council approved by a 4-0 vote a resolution authorizing a loan agreement, purchase-and-sale agreement for land parcels and related documents between the City of Ontario and the Ontario Industrial Development Authority, with minor redline edits recommended by the city attorney.
The Ontario City Council voted 4-0 to approve a resolution authorizing a loan agreement and a purchase-and-sale agreement for land parcels between the City of Ontario and the Ontario Industrial Development Authority (OIDA), after the city attorney recommended redline changes to the draft documents.
City Attorney explained the redline edits at the dais, asking the council to add a subsection C to…
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