HomeMy WebLinkAbout2025-08-26 - Research & Innovation Local Government Corporation (RILGC) - Regular - Minutes CITY OF FORT WORTH,TEXAS
FORT WORTH RESEARCH AND INNOVATION LOCAL GOVERNMENT
CORPORATION REGULAR SESSION MINUTES
TUESDAY,AUGUST 26, 2025
Present:
President Elizabeth Beck
Vice President Michael D. Crain
Director Carlos Flores (Arrived at 12:04 p.m.)
Director Charlie Lauersdorf
Director Deborah Peoples
Director Mia Hall
Director Chris Nettles
Director Alan Blaylock
Director Jeanette Martinez
Absent:
Director Mattie Parker
Director Macy Hill
Cily Staff:
Jes McEachern,Assistant City Manager
Ori Fernandez,Economic Development Assistant Director
Larry Collister, Senior Assistant City Attorney
Reginald Zeno,Treasurer
Ronald P. Gonzales, Assistant City Secretary
I. Call to Order
With a quorum of the Board Members present, President Beck called the meeting to order for
the Board of Directors of the Fort Worth Research and Innovation Local Government
Corporation at 12:03 p.m. on Tuesday, August 26, 2025, in the City Council Work Session
Room of the Fort Worth City Hall, 100 Fort Worth Trail,Fort Worth, Texas.
II. Approval of June 24, 2025, Minutes
Motion was made by Director Crain and seconded by Director Nettles, to approve the June 24,
2025, minutes of the Research and Innovation Local Government Corporation. The motion
passed 8-0, Directors Parker and Hill absent and Director Flores off dais.
III. Briefings and Discussion
a. Financial Report for the period of October 2024 through July 2025
The financial report was for information purposes only.No action was taken by the Board.
CITY OF FORT WORTH,TEXAS
FORT WORTH RESEARCH AND INNOVATION GOVERNMENT CORPORATION
TUESDAY,AUGUST 26,2025
PAGE 2 AS
IV. Action Items
Roger Venables, Aviation Director, stated to the Board that his staff report would pertain to
Items a and b and one motion could be taken to consider both resolutions.
a. Consider approval of a Resolution to authorize an agreement with Tax Increment
Reinvestment Zone Number Three ("TIF 3") for the reimbursement of $20,000,000.00,
plus interest costs and other expenses related to debt issuance and repayment, for public
improvements made by the RILGC in the Southeast Quadrant in TIF 3 (Roger Venables,
Aviation Director).
Motion was made by Director Crain and seconded by Director Hall, to approve Resolution No.
FWRILC-2025-02, to authorize an agreement with Tax Increment Reinvestment Zone Number
Three ("TIF 3") for the reimbursement of$20,000,000.00, plus interest costs and other expenses
related to debt issuance and repayment, for public improvements made by the RILGC in the
Southeast Quadrant in TIF 3. The motion 9-0 vote, Directors Parker and Hill absent.
b. Consider approval of a Resolution to authorize an agreement with the Tax Increment
Reinvestment Zone Number Eight ("TIF 8") for the reimbursement of $20,000,000.00,
plus interest costs and other expenses related to debt issuance and reimbursement, for
public improvements made by the RILGC in the Southeast Quadrant in TIF 8 (Roger
Venables, Aviation Director).
Motion was made by Director Crain and seconded by Director Hill, to approve Resolution No.
FWRILGC-2025-03, to authorize an agreement with the Tax Increment Reinvestment Zone
Number Eight ("TIF 8") for the reimbursement of$20,000,000.00, plus interest costs and other
expenses related to debt issuance and reimbursement, for public improvements made by the
RILGC in the Southeast Quadrant in TIF 8. The motion passed 9-0 vote, Directors Parker and
Hill absent.
V. Executive Session
There was no Executive Session convened.
VI. Request for Future Agenda Items
There were no requests for future agenda items.
VII. Adjourn
With no further business before the Board, President Beck adjourned the regular session of the
Research and Innovation Local Government Corporation at 12:13 p.m. on Tuesday, August 26,
2025.
These minutes approved by the Research and Innovation Local Government Corporation on the
281h day of October, 2025.
CITY OF FORT WORTH,TEXAS
FORT WORTH RESEARCH AND INNOVATION GOVERNMENT CORPORATION
TUESDAY,AUGUST 26,2025
PAGE 3 of 3
APPROVED:
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Elizabeth Beck
President
ATTEST:
Jannette S. Goodall
Secretary
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