HomeMy WebLinkAboutResolution Research and Innovation Local Government Corporation (RILGC) FWRILGC-2024-03RESOLUTION NO. FWRILGC-2024-P_l
RESEARCH AND INNOVATION LOCAL GOVERNMENT CORPORATION
RESOLUTION
OF THE BOARD OF DIRECTORS
WHEREAS, the Texas State Legislature has authorized the formation of interlocal
cooperating contracts between and among governmental entities;
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");
WHEREAS, the RILGC and Texas A&M University System ("TAMUS") entered into an
interlocal agreement pursuant to Chapter 791 of the Texas Government Code which detailed the
collaboration between both parties in the predevelopment of the Research Development; and
WHEREAS, the RILGC and TAMUS now desire to increase the amount transferred from
TAMUS to the RILGC for the predevelopment of 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 an amendment to the Interlocal
Agreement with TAMUS to increase the amount transferred by TAMUS to the RILGC to a total
amount of One Million, Nine Hundred Thousand and 00/100 Dollars ($1,900,000.00) for the
predevelopment of the Research Development.
2. This Resolution takes effect from the date of its adoption.
Adopted this June 25, 2024.
By:
Elizabeth Beck
President
Attest:
Jannette S. Goodall
Corporate Secretary