By Liset Marquez, Inland Valley Daily Bulletin
Posted: 11/02/15 – 12:32 PM PST |
ONTARIO >> Following in the footsteps of the city, the Ontario International Airport Authority has signed off on its review of a deal that in concept would transfer LA/Ontario International Airport to the authority.
The proposed agreement was presented to the local authority and reviewed behind closed doors Monday morning.
“It’s a great day,” said Commissioner Lucy Dunn. “It is kind of ‘Now we hurry up and wait’ to encourage our new partners to get their work done.”
It still needs to go before the Los Angeles City Council and Los Angeles World Airport’s Board of Airport Commissioners before the full terms are disclosed.
“The OIAA has given legal direction to take all legal steps necessary, on our part, to effect the completion of the final draft settlement agreement,” said OIAA president Alan Wapner, after the authority met in closed session for an hour.
The Ontario City Council took the same action two weeks ago.
“Now the ball is totally in L.A.’s court. We’re looking forward to swift action by the board of airport commissioners and the Los Angeles City Council so we can move on to the next step,” Wapner said.
In August, Los Angeles and Ontario officials announced both sides had agreed to turn over ownership of the airport to an Ontario authority as part of a $250 million deal.
Ontario filed a lawsuit in 2013 in Riverside Superior Court seeking damages on claims including breach of fiduciary duty, contract, and covenant of good faith and fair dealing. The two sides were set to go to trial Aug. 17 for the damages sought by Ontario until the deal was announced.
Since the Aug. 6 tentative agreement, which would transfer control of the airport to the authority, Ontario and Los Angeles have been in negotiations to finalize the language in the terms of the agreement.
Once the deal is finalized, the settlement agreement would be presented to Riverside Superior Court for review, and then the authority can begin the process to obtain certification to operate from the Federal Aviation Authority.
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