HomeMy WebLinkAboutResolution Research and Innovation Local Government Corporation (RILGC) FWRILGC-2023-03RESOLUTION NO. FWRILGC-2023-03
RESEARCH AND INNOVATION LOCAL GOVERNMENT CORPORATION
RESOLUTION
OF THE BOARD OF DIRECTORS
WHEREAS, the Research and Innovation Local Government Corporation ("RILGC") and
City of Fort Worth selected Aggieland Fort Worth Partners, LLC ("Developer") to develop the
parcels on the TAMUS downtown Fort Worth campus that do not include the Law and Education
Building ("Research Development"); and
WHEREAS, the RILGC and Developer desire to enter into a pre -development agreement
in which Developer will among other work develop a concept plan for the Research Development.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE RESEARCH AND INNOVATION LOCAL GOVERNMENT CORPORATION:
1. The RILGC is hereby authorized to enter into a predevelopment agreement in a not
to exceed amount of one million dollars ($1,000,000) to detail the predevelopment of the Research
Development, including but not limited to the following actions: commence conceptual design and
budget, and guide construction and design based on the results of program of requirements
validation, geotechnical and site assessment studies for the Research Development.
2. This Resolution takes effect from the date of its adoption.
Adopted this September 26, 2023.
By:
i
Elizabet Beck
President
Attest:
Jannette Goodall
Corporate Secretary