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FISCAL IMPACT ANALYSIS OF AREA 18
ADDITION TO ANNEXATION PLAN
Prepared for the
City Council
By the
Planning and Development Department
July 12, 2011
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PURPOSE
review
Tothe following items:
criteria
The Citys annexation ;
fiscal impact methodology
The Citys ; and
results
Theof fiscal impact analysis for area 18
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1
ANNEXATION CRITERIA
A.Full-Purpose Annexation
Area must meet one or more of the following conditions:
1.Enclave
a.Enclave within Citys ETJ
b.Ability to provide municipal services
2.Urban Development
a.Development activity of an urban nature
b.Ability to provide municipal services
c.Positive fiscal impact analysis
3.Growth Center
a.Designated growth center
b.Ability to provide municipal services
c.Positive fiscal impact analysis
4.Adverse Impact
a.Adverse impact on City if not annexed
b.Ability to provide municipal services
5.Option to Expand
a.Detriment to Citys orderly growth if not
annexed
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b.Ability to provide municipal services
PREPARATION OF
FISCAL IMPACT ANALYSIS
A.Revenues
B.Expenditures
C.Analysis Timeframe
D.Per Capita Data Sources
E.Population Estimate
F.Methodology
1.Areas with Existing or Proposed Development
2.Other Areas
G.Timing for Preparation of Fiscal Impact
Analysis
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2
REVENUES
General Fund
Property taxesexisting land
1.to be generated by
uses
, based on Tarrant Appraisal District assessed
values and the Citys current property tax rate.
Property taxesproposed land
2.to be generated by
uses
, based on anticipated assessed values and the
Citys current property tax rate.
Other General Fundrevenues
3.including: Other Local
Taxes, Licenses and Permits, Fines and Forfeitures,
Use of Money and Property, Service Charges, and
Other Revenue, based on a per capita estimate.
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EXPENDITURES
transitional
1.One-time costs, including street signs
and markings, and emergency response set up
capital improvements
2.Required for reconstruction of
roadways
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3
AREA 18
Addition to
Annexation
Plan
64.3 acres
Existing Uses
GOLDEN
TRIANGLE
Estimated 327
residents on
109 lots
10-acre
industrial site
0 vacant lots
Future Land
Use
Single Family
Light Industrial
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ANALYSIS ASSUMPTIONS
Single family
uses and 1
industrial use
91 homestead
exemptions
No short term
growth
Property tax
revenues
$492,865
yearly
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ANALYSIS RESULTS
Initial Costs
TPW -$5,000 start up services for residential streets
Police Department -$9,078 for an estimated 34 service calls
Fire Department -$1,936 for an estimated 2 service calls
Code Compliance -$244 for consumer health and animal control se
Future capital improvements necessary to reconstruct local streets
Net positive result to the General Fund
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What is the proposed schedule?
DateAction
fiscal impact analysis
July 12City Council receives
proposed schedule
and.
resolution
July 19 City Council approves to add area
to three-year annexationplan.
Fall 2011Tarrant County and Fort Worth coordinate
Inventory of Services
.
Spring 2012City Council holds public hearings on the
service plan
.
July 2014City Council institutes and considers
approval of annexation zoning
and.10
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