The company's board, of which he was a member, quickly approved the offer.
It has not yet been approved by the water district's board.
In its report three days later, the board approved the proposed site.
The decision is expected to be approved by the development corporation's board next month.
The boards of each company met last night and approved the deal.
The bank said its board approved the $50 million loan today.
The board then approved the name change of the franchise.
A takeover would be possible, of course, if the board approved.
The board approved the plan Wednesday by a 5-to-3 vote.
In September 2010, the board approved a three year contract with the teachers' union.