By MATT HOPF
Herald-Whig Staff Writer
The Quincy Civic Center Authority has agreed to execute a purchase agreement with an undisclosed party to buy the Quincy Gems.
The authority approved the deal after emerging from a short closed session during its monthly meeting Wednesday afternoon.
Rob Ebbing, executive director of the Oakley-Lindsay Center and the Quincy Gems, said the formal agreement is in the hands of lawyers before it will be signed by both sides. Details won't be available until both sides sign the agreement.
"At this point, both parties have agreed to terms," Ebbing said.
The authority had until Sept. 1 to inform the Prospect League that the Gems would not participate for the 2015 season, but that doesn't appear likely now.
A committee comprising Ebbing, authority Chairman Hubert Staff and authority member Jim Rinella was appointed Aug. 6 to hammer out the details of a sale agreement.
"What the committee did was bring the report back to the board for acceptance today," Ebbing said Wednesday. "It's already in the lawyers' hands and moving along ... just getting all the formality being taken care of."
The Prospect League also must approve the sale.