The vote
The DIA Board approved the recommendation
At its open meeting on Tuesday, October 27, 2026, the DIA Board voted to approve the Task Force’s revised recommendation. The motion passed. The DCC Board had already approved the recommendation unanimously.
The revised recommendation is presented in Step 5. The Task Force’s analysis of its value, DIA’s options and the statute of limitations is in Step 6. The September 18 version it revised is kept as Step 4.
What comes next
Two steps remain
DCC’s lawyers prepare a formal contract that reflects the approved terms. DCC pays the cost of drafting it, and DIA may have its own attorney review it.
The DIA Board and the DCC Board each review and approve the final language of the formal contract.
The terms of the recommendation, including the termination of the Option Agreement and the mutual release between DIA and DCC, are set out in the formal contract. This page will be updated as each step is completed.
Documents
As they become available
| Document | Status |
|---|---|
| Draft formal contract | Not yet available |
| Final formal contract, approved by both Boards | Not yet available |
Questions? Email the DIA Board at board@deerwoodjax.com.