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HomeMy WebLinkAboutResolution Research and Innovation Local Government Corporation (RILGC) FWRILGC-2023-04RESOLUTION NO. FWRILGC-2023-04 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 previously selected a developer to develop the parcels on the TAMUS downtown Fort Worth campus ("Developer") that do not include the Law and Education Building ("Research Development"); WHEREAS, the Developer decided to use a different name than was previously disclosed to the RILGC and as such, the RILGC authorized a contract via Resolution No. FWRILGC-2023- 03 with an entity named Aggieland Fort Worth Partners, LLC instead of AFWP, LLC; and WHEREAS, AFWP,LLC is the correct name of the Developer. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE RESEARCH AND INNOVATION LOCAL GOVERNMENT CORPORATION: 1. Resolution No. FWRILGC-2023-03 is hereby amended to authorize the RILGC to enter into a predevelopment agreement with AFWP, LLC 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 November 28, 2023. LCBy: 11 Elizabeth Beck President Attest: -Ulm � Jannette Goodall Corporate Secretary