HomeMy WebLinkAboutResolution 5424-06-2021 A Resolution
NO.5424-06-2021
EXPRESSING SUPPORT FOR THE CREATION OF A CAPITAL PUBLIC
IMPROVEMENT DISTRICT FOR A PORTION OF THE DEAN RANCH
PROPERTY IN A MANNER THAT IS FULLY CONSISTENT WITH THE CITY'S
ADOPTED CAPITAL PUBLIC IMPROVEMENT DISTRICT POLICY AND
AUTHORIZING CITY STAFF TO COORDINATE WITH DEVELOPERS IN THE
PREPARATION OF A FORMAL APPLICATION TO CREATE THE DISTRICT
WHEREAS, on March 21, 2017, the Fort Worth City Council approved a policy
establishing the criteria that must be met in order for the City to consider creating a capital
public improvement district (M&C G-18973) (the"Policy"); and
WHEREAS, among its requirements, the Policy provides that a C-P1D must be
located entirely within City limits; must be owned by a single entity or entities under
Common Ownership (as defined in the Policy); must be supported by 100% of property
owners; may not have an assessment period in excess of 20 years; may only be used to fund
Major Infrastructure, which is defined to consist of streets that would be classified as arterial
under the City's Master Thoroughfare Plan, sewer mains that are 18-inches or greater in
diameter, and water mains that are at least 16-inches in diameter; and must provide "an
extraordinary benefit and public purpose"; and
WHEREAS, the historic Dean Ranch property consists of a substantial area located
in the extraterritorial jurisdiction ("ETJ") of the City of Fort Worth adjacent to the City's
corporate boundary; and
WHEREAS, Dean Ranch is located generally to the south and west of the
confluence of Interstates 20 and 30 and is intersected by Farm to Market Road 1 187; and
WHEREAS, D.R. Horton and Robert Beall (collectively the "Developers") have
entered into agreements to acquire approximately 1,817 acres of the Dean Ranch property
and contacted City staff to discuss their plans to develop the land for a combination of
residential and commercial uses; and
WHEREAS, the Developers requested that the City consider releasing 228 acres
of its ETJ to the City of Aledo, which the City of Aledo supports; and
WHEREAS, on its June 22, 2021 agenda, the Fort Worth City Council is scheduled to
consider release of the ETJ as requested; and
WHEREAS, Developers also proposed creating a capital public improvement
district ("C-PID" or "District") across the remaining 1,589 acres (the "Property"); and
WHEREAS, discussions between Developers and staff have identified potential
improvements to be funded in whole or in part by the C-P1D to include two (2) major
arterials to connect the Property to the interstate frontage road and water and sewer
facilities that meet the definition of Major Infrastructure; and
WHEREAS, the Developers and staff have also discussed the donation of land for
school use as required by the Policy and enacting zoning and other restrictions in an
effort to ensure that a substantial portion of the C-PID property would be developed for
commercial/non-residential purpose; and
WHEREAS, in order to provide an extraordinary benefit and public purpose,
Developers have agreed to donate platted property to the City for use as a fire station or
other City facility, and to participate in the proportionate costs of developing the facility
to serve the needs of the Property; and
WHEREAS, continuing to move forward with the process of preparing a formal
C-PID application will involve notable expenditure on the part of the Developers; and
WHEREAS, the Fort Worth City Council wishes to provide assurance to the Developers
of the City's intention to entertain creation of a C-PID for the Property and imposition of
assessments thereon, provided that the application fully complies with the Policy and meets the
strategic goals of the City;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS THAT:
1. The City Council hereby expresses its support for the creation of a C-PID for
the Property, provided that Developers' application and proposal for a District
fully complies with the Policy, and further expresses its intent to give due
consideration to such petition, proposed C-PID, and assessments in support of
Major Infrastructure, including, but not limited to, the construction of two (2)
arterials connecting the Property to the frontage of the interstate highway and
required water and sewer Major Infrastructure; and
2. City staff is authorized to coordinate with the Developers in the preparation of
a formal C-PID application that fully complies with the terms of the Policy and
of this resolution for consideration by the City Council.
Adopted this 22nd day of June 2021.
ATTEST:
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Mary Kayser, City Secretary * ry
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