HomeMy WebLinkAboutResolution Research and Innovation Local Government Corporation (RILGC) FWRILGC-2024-05RESOLUTION NO. FWRILGC-2024-05
AUTHORIZING EXECUTION OF AN INTERLOCAL AGREEMENT WITH TEXAS
A&M UNIVERSITY SYSTEM
WHEREAS, the Texas Transportation Corporation Act, Chapter 431 of the Texas
Transportation Code ("Act"), and Chapter 394 of the Texas Local Government Code ("Chapter
394") authorize the creation of a local government corporation to aid and act on behalf of local
governments to accomplish a governmental purpose of the local governments;
WHEREAS, the Texas A&M University System ("TAMUS") plans to develop four
parcels of land in downtown Fort Worth that will house the Texas A&M University School of Law
and other TAMUS functions alongside private firms in a manner that encourages innovation and
entrepreneurship within an urban research campus environment ("Project");
WHEREAS, in 2023, recognizing the benefits of the Project to downtown Fort Worth, the
City of Fort Worth (the "City") created the Research and Innovation Local Government
Corporation (the "Corporation") to facilitate financing of the Project; and
WHEREAS, an interlocal agreement ("ILA") with TAMUS is necessary to detail the
collaboration with TAMUS in the development of pre -construction design and cost estimates (the
"Plan") for the Texas A&M Fort Worth Research and Innovation Building that will be part of the
Project; and
WHEREAS, the ILA will be in an amount not to exceed $18,000,000.00.
NOW, THEREFORE, BE IT RESOLVED BY THE CORPORATION:
1. The Corporation is hereby authorized to enter into an ILA with TAMUS for the
purpose of facilitating the Plan for the Texas A&M Fort Worth Research and Innovation Building
in an amount not to exceed $18,000,000.00.
2. The Corporation is hereby authorized to execute any other documents necessary to
effectuate the above ILA.
3. This Resolution shall take effect from the date of its adoption.
Adopted this September 24, 2024.
?)h4` By:
Elizabeth Beck
President
RESOLUTION NO. FWRILGC-2024-05
PAGE 2
Attest:
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Jannette S. Goodall
Corporate Secretary