OPENPUBLICA · PUBLIC MEETING RECORD
Record of Proceedings

Research and Innovation Local Government Corporation Meeting - June 23, 2026

City Council — Tuesday, June 23, 2026
BodyFort Worth, Texas
SessionCity Council
DateTuesday, June 23, 2026
StatusFILED
Video Record
0:00 / 1:38
Transcript — Verbatim
0:01

I'm a call to order today's research and innovation local government corporation meeting.

0:06

And the first item is election of president and vice president.

0:10

Do you have nominations?

0:11

Yes, I move to re-elect Elizabeth Beck as president and Michael Crang as vice president.

0:17

Do you have a second?

0:19

All those in favor?

0:21

Any opposed?

0:22

Okay, moving on.

0:23

Next, we have the approval of the April 28th minutes.

0:27

All those in favor?

0:29

Aye.

0:30

Motion.

0:31

Motion carries.

0:32

Okay.

0:32

Um next we have our financial reports.

0:35

Are there any questions on the financial reports?

0:40

Seeing none, we can move on.

0:44

Um and then we have the consideration of a resolution authorizing the redemption of a contract revenue bond.

0:51

Real quick, this is related to the AM project.

0:53

If you recall, uh the LGC issued uh contract revenue bonds to pay for the design of preconstruction services work associated with the research and innovation building on the AM campus.

1:04

Uh they have decided to go ahead and retire that debt early in accordance with the interlocal agreement between the LGC and the university system.

1:12

So the intent is to in August redeem those bonds.

1:15

We requires your action in advance of doing so.

1:19

And so that's what this resolution is on your agenda today.

1:22

Thank you, Roger.

1:22

Does anybody have any questions?

1:25

No.

1:26

Second.

1:27

All those in favor?

1:28

Aye.

1:29

Any opposed?

1:30

Do we have any future agenda items?

1:34

Seeing none, meeting adjourned.

1:37

I think I win for that.

Discussion Breakdown — Share of Meeting
Procedural█████████████████████████████████████████████50%
Technology and Innovation█████████████████████████████████████████████50%
Summary of Proceedings

Research and Innovation Local Government Corporation Meeting - June 23, 2026

The Research and Innovation Local Government Corporation (LGC) held a brief meeting on June 23, 2026, at 8:15 PM local time. The board handled routine business including officer elections, approval of prior minutes, financial reports, and a resolution to redeem a contract revenue bond early. All actions were approved unanimously.

Election of Officers

  • Elizabeth Beck was re-elected as President and Michael Crang as Vice President via a motion and second, with all members voting in favor; no opposition was recorded.

Approval of Minutes

  • The minutes from the April 28th meeting were approved by unanimous voice vote (all in favor, none opposed).

Financial Reports

  • Financial reports were presented; no questions were raised and the board moved on without formal action.

Discussion Items

  • Resolution Authorizing Redemption of Contract Revenue Bond: Staff member Roger explained that the LGC had previously issued contract revenue bonds to fund preconstruction services for the Research and Innovation Building on the AM campus. Under the interlocal agreement with the university system, the board decided to retire that debt early, with redemption planned for August. The resolution was seconded and approved unanimously.

Key Outcomes

  • Officer Elections: Elizabeth Beck re-elected President, Michael Crang re-elected Vice President (unanimous).
  • Minutes Approval: Approved (unanimous).
  • Bond Redemption Resolution: Approved (unanimous). The board authorized early redemption of the contract revenue bond in August 2026.
  • No future agenda items were proposed, and the meeting adjourned.

Meeting Transcript

I'm a call to order today's research and innovation local government corporation meeting. And the first item is election of president and vice president. Do you have nominations? Yes, I move to re-elect Elizabeth Beck as president and Michael Crang as vice president. Do you have a second? All those in favor? Any opposed? Okay, moving on. Next, we have the approval of the April 28th minutes. All those in favor? Aye. Motion. Motion carries. Okay. Um next we have our financial reports. Are there any questions on the financial reports? Seeing none, we can move on. Um and then we have the consideration of a resolution authorizing the redemption of a contract revenue bond. Real quick, this is related to the AM project. If you recall, uh the LGC issued uh contract revenue bonds to pay for the design of preconstruction services work associated with the research and innovation building on the AM campus. Uh they have decided to go ahead and retire that debt early in accordance with the interlocal agreement between the LGC and the university system. So the intent is to in August redeem those bonds. We requires your action in advance of doing so. And so that's what this resolution is on your agenda today. Thank you, Roger. Does anybody have any questions? No. Second. All those in favor? Aye. Any opposed? Do we have any future agenda items? Seeing none, meeting adjourned. I think I win for that.

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