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HomeMy WebLinkAbout2026-04-28 - Research & Innovation Local Government Corporation (RILGC) - Regular - MinutesCITY OF FORT WORTH, TEXAS FORT WORTH RESEARCH AND INNOVATION LOCAL GOVERNMENT CORPORATION REGULAR SESSION MINUTES TUESDAY, APRIL 28, 2026 Present: President Elizabeth M. Beck Vice President Michael D. Crain Director Mattie Parker Director Carlos E. Flores Director Deborah Peoples Director Macy Hill Director Alan Blaylock Director Jeanette Martinez Director Dr. Mia Hall Absent: Director Charlie Lauersdorf Director Chris Nettles City Staff: Jes McEachern, Assistant City Manager Ori Fernandez, Economic Development Assistant Director Larry Collister, Senior Assistant City Attorney Vania Alvarado, City Secretary Staff 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 2:52 p.m. on Tuesday, April 28, 2026, in the City Council Work Session Room of the Fort Worth City Hall, 100 Fort Worth Trail, Fort Worth, Texas. II. Approval of October 28, 2025, Minutes CITY OF FORT WORTH, TEXAS FORT WORTH RESEARCH AND INNOVATION GOVERNMENT CORPORATION TUESDAY, APRIL 28, 2026 PAGE 2 of 3 Motion was made by Director Blaylock and seconded by Director Peoples, to approve October 28, 2025, minutes of the Research and Innovation Local Government Corporation. The motion passed 9-0. Directors Lauersdorf and Nettles were absent. III. Briefings and Discussion a. Financial Report for the period of October 2025 through March 2026 The financial report was for information purposes only. No action was taken by the Board. IV. Action Items Roger Veneables, Aviation Director, provided a presentation over all four action items. a. A Resolution authorizing the execution of a Fourth Amendment to the Pre -Development Agreement between the Corporation and AFWP, LLC to: (1) reduce the total compensation of the Agreement from $1,900,000.00 to an amount not to exceed $1,847,566.51 for Final Project Costs related to the Detailed Concept Plan for the Texas A&M Fort Worth Campus Project; and (2) formally terminate the Pre -Development Agreement (Roger Venables, Aviation System Director) Motion was made by Vice President Crain and seconded by Director Peoples, to approve Resolution No. FWRILC-2026-01, Authorizing Execution of the Fourth Amendment to the Predevelopment Agreement with AFWP LLC. The motion passed 9-0. Directors Lauersdorf and Nettles were absent. b. A Resolution authorizing the execution of a First Amendment to the Design and Pre -construction Services Agreement between the Corporation and AFWP, LLC to: (1)reduce the Total Developer Costs and Fees from $19,623,727.00 to an amount not to exceed $12,701,254.27 for design and pre -construction services related to the Texas A&M Fort Worth Campus Research and Innovation Building; and (2) formally terminate the Design and Pre -construction Services Agreement (Roger CITY OF FORT WORTH, TEXAS FORT WORTH RESEARCH AND INNOVATION GOVERNMENT CORPORATION TUESDAY, APRIL 28, 2026 PAGE 3 of 3 Venables, Aviation System Director) Motion was made by Director Peoples and seconded by Vice President Crain, to approve Resolution FWRILGC-2026-02, Authorizing Execution of the First Amendment to the Design and Preconstruction Agreement with AFWP LLC. The motion passed 9-0. Directors Lauersdorf and Nettles were absent. c. A Resolution authorizing the execution of an amended and restated Interlocal Agreement with TAMUS for: (1) the formal termination of the First RILGC ILA and Second RILGC ILA; (2) the assignment of design and pre -construction documents from the RILGC to TAMUS for the Texas A&M Fort Worth Campus Project; (3) the return by the RILGC to TAMUS of any remaining funds originally provided by TAMUS under the First RILGC ILA and Second RILGC ILA; and (4) TAMUS's re -payment of the Contract Revenue Bonds, Series 2024 issued by the RILGC related to the development of the Texas A&M Fort Worth Campus Project. (Roger Venables, Aviation System Director) Motion was made by Vice President Crain and seconded by Director Peoples, to approve Resolution No. FWRILC-2026-03, Authorizing Execution of an Amended and Restated Interlocal Agreement with Texas A&M University System. The motion passed 9-0. Directors Lauersdorf and Nettles were absent. d. A Resolution authorizing City of Fort Worth Assistant City Manager, Dana Burghdoff, as a signatory on the Corporation's bond depository account with J.P. Morgan Chase Bank, N.A. (Ori Fernandez, Assistant Economic Development Director) Motion was made by Vice President Crain and seconded by Director Martinez, to approve Resolution No. FWRILC-2026-04, A Resolution authorizing City of Fort Worth Assistant City Manager, Dana Burghdoff, as a signatory on the Corporation's bond depository account with J.P. Morgan Chase Bank, N.A. The motion passed 9-0. Directors Lauersdorf and Nettles were absent. V. Executive Session There was no Executive Session. CITY OF FORT WORTH, TEXAS FORT WORTH RESEARCH AND INNOVATION GOVERNMENT CORPORATION TUESDAY, APRIL 28, 2026 PAGE 4 of 3 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 2:58 p.m. on Tuesday, April 28, 2026. These minutes approved by the Research and Innovation Local Government Corporation on the 23 day of June 2026. APPROVED: President ATTEST: 1\ ." nO Jannette S. Goodall Secretary