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Lorain County Port Authority board authorizes sale of Mall property to IRG
Summary
The board approved a motion to enter into an agreement with IRG for the sale of the Mall property and authorized the Executive Director to sign the final purchase agreement; the minutes record the roll-call vote but do not list price or contract terms.
The Lorain County Port Authority Board of Directors voted May 13, 2026, to authorize entering into an agreement with IRG for the sale of the Mall property and delegated authority to the Executive Director to execute the final purchase agreement.
Board member D. Gross moved "authorizing entering into an agreement with IRG for the sale of the Mall property and authorizing our Executive Director to execute the final purchase agreement on behalf of the Lorain County Port Authority." N. Spataro seconded the motion; the motion passed by roll call (Novak Aye; Rabosyuk Aye; Gross Aye; Richards Aye; Nazario Aye; Lee Absent; Spataro Aye). The minutes do not specify the sale price, closing timeline, or other contract terms.
The authorization followed an executive session that the minutes say was held for topics permitted under the Sunshine Law, including real estate transactions. The minutes do not identify the Executive Director by name or provide details of negotiations with IRG.
The board recorded no public comments on this item in the provided minutes. The next procedural step, according to the minutes, is execution of the final purchase agreement by the Executive Director; no date for execution or additional public disclosures was recorded.
