HomeMy WebLinkAbout(0171) M&C 20-0681City of Fort Worth, Texas
Mayor and Council Communication
DATE: 09/22/20 M&C FILE NUMBER: M&C 20-0681
LOG NAME: 06DEVELOPMENT AGREEMENT FOR DEAN RANCH
SUBJECT
(ETJ, Future CD 3) Authorize Execution of a Pre -Annexation Development Agreement with Dean Ranch, 187.73 Acres at Northwest Corner of FM
3325 and Interstate 20 (US Highway 80), for Property Located in Fort Worth's Extraterritorial Jurisdiction
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to execute a pre -annexation development agreement between the City and
Dean Ranch property owner in unincorporated Parker County.
DISCUSSION:
JPMorgan Chase Bank, N.A., as Trustee of the John Henry Dean III Revocable Management Trust, Amended and Restated ("Owner") represents a
parcel of real property, a total of approximately 187.73 acres of land, as described in map Exhibit A, hereinafter called "the Property", located
within Parker County. The Property is located in the extraterritorial jurisdiction "ETJ" of the City. The Owner of the property has requested, and the
City has agreed, subject to the terms, conditions and limitations set forth in the Pre -annexation Agreement ("Agreement") that the City shall provide
water service to the property. In consideration of the City providing water service to the Property, the Owner will petition the City to annex the
Property pursuant to Subchapter C-3, Chapter 43 of the Texas Local Government Code when the property becomes contiguous to Fort Worth City
Limits.
The parties have agreed that the Pre -annexation Agreement constitutes a petition for the voluntary annexation under the provisions of Subchapter
C-3, Chapter 43 of the Texas Local Government Code, and upon the request of the City, the Owner shall execute all applications and
documentation required by Texas law to petition for annexation required by Texas law. Annexation of the Property will not occur as long as the use
of the Proeerty remains agricultural.
The City is coordinating with the City of Hudson Oaks and the City of Willow Park to construct a water line for the purpose of providing wholesale
and retail water service to certain parts of Parker County and the Owner will execute a Water Facility Easement across the Property for this
purpose. The water line easement consists of a 25-foot wide strip of land consisting of 1.619 acres, as well as a 20-foot wide temporary
construction easement. The Owner has no present need for water service, but expects to market the Property to prospective developers at some
time in the future which developers will have demand for water services.
The Agreement is entered into pursuant to Chapter 43, Subchapter C-3 and 212.172 of the Texas Local Government Code, in order to address the
needs of the Owner and the procedures of the City. The Agreement runs with the land and is binding upon the City and the Owner and their
respective successor and assigns. The Agreement will be recorded in Parker County.
The property is located in the extraterritorial jurisdiction adjacent to COUNCIL DISTRICT 3.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that this action will have no material effect on City funds.
Submitted for City Manager's Office bT. Dana Burghdoff 8018
Originating Business Unit Head: D.J. Harrell 8032
Additional Information Contact: Mary Elliott 7844