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HomeMy WebLinkAboutResolution 5914-03-2024RESOLUTION NO. 5914-03-2024 A RESOLUTION SUPPORTING THE CREATION OF A TARRANT COUNTY CAPITAL PUBLIC IMPROVEMENT DISTRICT AND CREATION OF A TARRANT COUNTY OPERATION AND MAINTENANCE PUBLIC IMPROVEMENT DISTRICT, EACH FOR THE BONDS RANCH PROPERTY/SHEELIN TRACT AND IDENTIFYING OTHER PROVISIONS RELATING THERETO WHEREAS, the property commonly referred to as Bonds Ranch or Sheelin Tract consists of approximately 835.905 acres of property, as legally described on. Exhibit A, attached hereto and incorporated herein for all purposes (the `Bonds Ranch Property") Iocated entirely within the extraterritorial jurisdiction ("ETJ") of the City of Fort Worth (the "City"); and WHEREAS, Centurion American Acquisitions, LLC (the "Developer") has entered into an agreement to acquire the entirety of the Bonds Ranch Property; and WHEREAS, Developer has contacted the City to discuss Developer's plans to develop the land for a combination of residential and commercial purposes in accordance with the attached Conceptual Plan; and WHEREAS, Developer intends on creating a Tarrant County capital public improvement district and a Tarrant County operation and maintenance public improvement district (collectively, the "Districts") encompassing the Bonds Ranch Property (the "Property"); and WHEREAS, Developer or subsequent owner intends to request annexation of the Property into the City of Fort Worth upon dissolution of the capital public improvement district or subdistricts; and WHEREAS, the Property will be developed in accordance with the Subdivision Ordinance of the City of Fort Worth, Texas and all development and infrastructure policies, rules, and regulations of the City of Fort Worth, Texas, provided that City staff may support certain waivers to these regulations in a future development agreement to be executed with the Developer related to the Bonds Ranch Property; and WHEREAS, the Property will be developed in accordance with the Neighborhood and Community Park Dedication Policy of the City of Fort Worth, Texas; and WHEREAS, prior to the anticipation of creating the Districts, which will involve notable expenditure on the part of the Developer, Developer desires to obtain certain assurances from the City regarding (i) the City's willingness to not object to the creation of the Districts, (ii) the City's desire and agreement to provide water and wastewater services to the Bonds Ranch Property, and (iii) the City's acknowledgement that the Concept Plan attached hereto as Exhibit B reflects Developer's anticipated development, and the City does not oppose Developer's anticipated development in accordance therewith (collectively, the "Assurances"); and WHEREAS, the Fort Worth City Council wishes to provide such Assurances to the Developer, NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT: The City of Fort Worth hereby expresses: 1. the City's willingness to not object to the creation of the Districts; 2. the City's desire and agreement to provide water and wastewater services to the Bonds Ranch Property; 3. The City's concurrence with the Developer that the City will have the option to annex the Property into the City of Fort Worth upon dissolution of the capital public improvement district or subdistricts; 4. the City's acknowledgement that the Conceptual Plan attached hereto as Exhibit B reflects Developer's anticipated development, and the City does not oppose Developer's anticipated development in accordance with the Conceptual Plan; 5. the City's concurrence with the Developer that the development of the Property will be in accordance with the Subdivision Ordinance of the City and all development and infrastructure policies, rules and regulations, provided that City staff may support certain waivers to these regulations in a future development agreement to be executed with the Developer related to the Bonds Ranch Property; and 6. the City's concurrence with the Developer that the Property will be developed in accordance with the Neighborhood and Community Park Dedication Policy of the City of Fort Wortli, Texas. Adopted this the 191 day of March, 2024. ATTEST: Jannette S. Goodall, City Secretary EXHIBIT A METES AND BOUNDS DESCRIPTION OF THE PROPERTY TRACT 762.335 ACRES - GROSS / 747.332 ACRES - NET BEING all of that certain tract of Iand situated in the R. Ganzara Survey, Abstract No. 563 and the Y. Samora Survey, Abstract No. 1385, Tarrant County, Texas, and being a portion of Tract IV, described in the deed to Sheclin McSharry Texas LP, recorded in Instrument No. D208118160, Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), and being more particularly described as follows: BEGINNING at a 5/8-inch capped iron rod found at the intersection of the northerly line of Bonds Ranch Road and the east line of F.M. 1220 (Morris Dido Newark Road), being the southwest corner of said Tract IV; THENCE with the east line of said F.M. 1220 and the west line of said Tract IV, the following courses and distances: 1. North 140 02' 35" West, a distance of 546.06 feet to a 1/2-inch iron rod with a cap stamped "RPLS 6677" set (hereinafter referred to as a capped iron rod set) at the beginning of a curve to the left; 2. With said curve to the left, having a radius of 2914.50 feet, a central angle of 14' 30' 57", an arc length of 738.38 feet, a chord that bears North 21' 18' 03" West, a distance of r 736.41 feet to a 5/8-inch iron rod found at the end of said curve; 3. North 280 33' 26" West, a distance of 6307.86 feet to a capped iron rod set in the southeasterly line of a called 0.49 acre tract of land described in deed to Tarrant County, recorded in Volume 16701, Page 241, Deed Records of Tarrant County, Texas (D.R.T.C.T.); THENCE Northeasterly, with the southeasterly line of said 0.49 acres tract, the following courses and distances: 1. North 150 58' 28" East, a distance of 100.81 feet to a 5/8-inch capped iron rod found; 2. North 600 32' 18" East, a distance of 14.43 feet to a 5/8-inch capped iron rod found at the beginning of a curve to the right; 3. With said curve to the right, having a radius of 470.00 feet, a central angle of 30' 23' 19", an arc length of 249.28 feet, a chord that bears North 75' 43' 58" East, a distance of 246.37 feet to a capped iron rod set at the end of said curve; 4. South 89' 04' 21" East, a distance of 103.53 feet to a capped iron rod set at the most easterly southeast corner of said called 0.49 acre tract; THENCE North 010 06' 32" East, with the east line of said 0.49 acre tract, a distance of 5.00 feet to the northeast corner of said 0.49 acre tract; THENCE Northwesterly, with the north line of said 0.49 acres tract, the following courses and distances: 1. North 89° 06' 34" West, a distance of 313.22 feet to the beginning of a curve to the right; 2. With said curve to the right, having a radius of 598.70 feet, a central angle of 16' 15' 55", an are length of 169.96 feet, a chord that bears North 80° 58' 37" West, a distance of 169.39 feet to a point in Peden Road at the end of said curve; THENCE, with the north Iine of said Tract IV, the following courses and distances: 1. South 880 09' 30" East, within said Peden Road, a distance of 245.41 feet to a capped iron rod set; 2. South 89' 40' 30" East, within said Peden Road, a distance of 1231.13 feet to a capped iron rod set at the northwest corner of a remainder portion of a tract of land described in deed to Bonds Ranch Investors II, LTD., recorded in Instrument No. D207444902, O.P.R.T.C.T.; 3. South 00' 19' 30" West, leaving said Peden Road, a distance of 604.98 feet to a 5/8-inch capped iron rod found at the southwest corner of Bonds Ranch remainder tract; 4. South 89' 40' 30" East, a distance of 360.06 feet to a 5/8-inch capped iron rod found at the southeast corner of said Bonds Ranch remainder tract; 5. North 00' 19' 30" East, a distance of 604.98 feet to a capped iron rod set within said Peden Road at the northeast corner of said Bonds Ranch remainder tract; 6. South 890 40' 30" East, within said Peden Road, a distance of 339.37 feet to a 5/8-inch capped iron rod found; 7. South 000 32' 30" East, a distance of 17.80 feet to a capped iron rod set; 8. North 890 34' 32" East, a distance of 2801.99 feet to a 5/8-inch capped iron rod found at the northwest comer of a remainder portion of a tract of land described in deed to Bonds Ranch Investors II, LTD., recorded in Instrument No. D207444902, O.P.R.T.C.T; 9. South 00' 25' 28" East, leaving said Peden Road, a distance of 604.98 feet to a 5/8-inch capped iron rod found at the southwest corner of said Bonds Ranch remainder tract; 10. North 89' 34' 32" East, a distance of 360.06 feet to a 5/8-inch capped iron rod found at the southeast comer of said Bonds Ranch remainder tract; 11. North 00" 25' 28" West, a distance of 604.98 feet to a 5/8-inch capped iron rod found within said Peden Road at the northeast corner of said Bonds Ranch remainder tract; THENCE North 891 34'32" East, a distance of 2131.67 feet to the northeast corner of said Tract IV, within said Peden Road, and the common west line of Tract No. 4, described in deed to Texas Electric Service Company (T.E.S.C.0), recorded in Volume 2542, Page 1, D.R.T.C.T.; THENCE South 00' 25' 05" West, leaving said Peden Road, along the west line of said T.E.S.C.O tract, a distance of 4050.57 feet to a 5/8-inch capped iron rod found in the north line of said Bonds Ranch Road (120- foot right-of-way) recorded in Volume 13449, Page 39, D.R.T.C.T., at the southeast comer of said Tract IV, and at the beginning of a non -tangential curve to the left; THENCE, leaving the west line of said T.E.S.C.O. tract, with the south line of said Tract IV and the north line of said Bonds Ranch Road, the following courses and distances: 1. With said curve to the left, having a radius of 1560.02 feet, a central angle of 36' 34' 07", an arc length of 995.67 feet, a chord that bears South 591 38' 09" West, a distance of 978.86 feet to a 5/8-inch capped iron rod found at the end of said curve; 2. South 41 ° 21' 06" West, a distance of I560.32 feet to the most easterly comer of a 0.112 acre tract of land described in deed to the City of Fort Worth, recorded in Instrument No. D206245666, O.P.R.T.C.T.; THENCE, leaving the north line of said Bonds Ranch Road, with the lines of said City of Forth Worth tract, the following courses and distances: 1. North 480 38' 54" West, a distance of 70.00 feet to a 5/8-inch capped iron rod found; 2. South 41 ° 21' 06° West, a distance of 70.00 feet to a 5/8-inch capped iron rod found; 3. South 48' 38' 54" East, a distance of 70.00 feet to a point in the north line of said Bonds Ranch Road and the most southerly comer of said 0.112 acre tract; THENCE, with the north line of said Bonds Ranch Road and the south line of said Tract IV, the following courses and distances: 1. South 41' 21' 06" West, a distance of 476.91 feet to a 5/8-inch capped iron rod found at the beginning of a curve to the right; 2. With said curve to the right, having a radius of 2240.03 feet, a central angle of 34' 3609", an arc length of 1352.82 feet, a chord that bears South 58" 39' 11" West, a distance of 1332.35 feet to a 5/8-inch capped iron rod found at the end of said curve; 3. South 75' 57' 15" West, a distance of 569.17 feet to the POINT OF BEGINNING and enclosing 762.335 acres (33,207,312 square feet) of land, more or less; SAVE & EXCEPT from the 762.335 acre tract described above, that certain 15.003 acres in WELL SITES 1, 2, & 3, being more particularly described as follows: SAVE & EXCEPT - WELL SITE 1 5.001 ACRES BEING all of that certain tract of land situated in the R. Ganzara Survey, Abstract No. 563, Tarrant County, Texas, and being a remainder portion of a tract of land described in the deed to Bonds Ranch Investors II, LTD., recorded in Instrument No. D207444902, Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), and being more particularly described as follows: COMMENCING at a 5/8-inch capped iron rod found at the intersection of the northerly line of Bonds Ranch Road and the east line of F.M. 1220 (Morris Dido Newark Road), being the southwest corner of Tract IV, described in the deed to Sheelin McSharry Texas LP, recorded in Instrument No. D2081I8160, O.P.R.T.C.T.; THENCE North 14' 02' 35" West, with the east line of said F.M. 1220 and the west Iine of said Tract IV, a distance of 546.06 feet to a 1/2-inch iron rod with a cap stamped "RPLS 6677" set (hereinafter referred to as a capped iron rod set) at the beginning of a curve to the left; With said curve to the Ieft, having a radius of 2914.50 feet, a central angle of 14' 30' 57", an arc length of 738.38 feet, a chord that bears North 21' 18' 03" West, a distance of 736.41 feet to a 5/8-inch iron rod found at the end of said curve; THENCE North 28' 33' 26" West, a distance of 389.74 feet to a point; THENCE North 61' 26' 34" East, a distance of 980.05 feet to the southwest corner of the herein described tract and the POINT OF BEGINNING; THENCE North 28' 28' 14" West, a distance of 604.98 feet; THENCE North 61' 3 P 46" East, a distance of 360.06 feet to the northeast corner of the herein described tract; THENCE South 28' 28' 14" East, a distance of 604.98 feet; THENCE South 61' 31' 46" West, a distance of 360.06 feet to the POINT OF BEGINNING and enclosing 5.001 acres (217,829 square feet) of land, more or less. SAVE & EXCEPT - WELL SITE 2 5.001 ACRES BEING all of that certain tract of land situated in the Y. Samora Survey, Abstract No. 1385, Tarrant County, Texas, and being a remainder portion of a tract of land described in the deed to Bonds Ranch Investors II, LTD., recorded in Instrument No. D207444902, Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), and being more particularly described as follows: COMMENCING at a 5/8-inch capped iron rod found at the intersection of the northerly line of Bonds Ranch Road and the east Iine of F.M. 1220 (Morris Dido Newark Road), being the southwest corner of Tract IV, described in the deed to Sheelin McSharry Texas LP, recorded in Instrument No. D208118160, O.P.R.T.C.T.; THENCE North 14' 02' 35" West, with the east line of said F.M. 1220 and the west line of said Tract IV, a distance of 546.06 feet to a 1/2-inch iron rod with a cap stamped "RPLS 6677" set (hereinafter referred to as a capped iron rod set) at the beginning of a curve to the left; With said curve to the left, having a radius of 2914.50 feet, a central angle of 14' 30' 57", an are length of 73 8.3 8 feet, a chord that bears North 210 18' 03" West, a distance of 736.41 feet to a 5/8-inch iron rod found at the end of said curve; THENCE North 28' 33' 26" West, a distance of 2358.39 feet to a point; THENCE North 61" 26' 34" East, a distance of I810.74 feet to the southwest corner of the herein described tract and the POINT OF BEGINNING; THENCE North 10' 54' 23" West, a distance of 604.98 feet; THENCE North 79° 05' 37" East, a distance of 360.06 feet to the northeast corner of the herein described tract; THENCE South 10' 54' 23" East, a distance of 604.98 feet; THENCE South 79' 05' 37" West, a distance of 360.06 feet to the POINT OF BEGINNING and enclosing 5.001 acres (217,829 square feet) of land, more or less. SAVE & EXCEPT - WELL SITE 3 5.001 ACRES BEING all of that certain tract of land situated in the Y. Samora Survey, Abstract No. 1385, Tarrant County, Texas, and being a remainder portion of a tract of land described in the deed to Bonds Ranch Investors 11, LTD., recorded in Instrument No. D207444902, Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), and being more particularly described as follows: COMMENCING at the northeast corner of Tract IV, described in the deed to Sheelin McSharry Texas LP, recorded in Instrument No. D208118160, O.P.R.T.C.T., within Peden Road, and the common west line of Tract No. 4, described in deed to Texas EIectric Service Company (T.E.S.C.0), recorded in Volume 2542, Page 1, Deed Records of Tarrant County, Texas (D.R.T.C.T.); THENCE South 00' 25' 05" West, leaving said Peden Road, along the west line of said T.E.S.C.O tract, a distance of 2174.05 feet to a point; THENCE North 89' 34' 55" West, a distance of 850.69 feet to the northeast corner of the herein described tract and the POINT OF BEGINNING; THENCE South, a distance of 604.98 feet; THENCE West, a distance of 360.06 feet to the southwest corner of the herein described tract; THENCE North, a distance of 604.98 feet; THENCE East, a distance of 360.06 feet to the POINT OF BEGINNING and enclosing 5.001 acres (217,829 square feet) of land, more or less. LEAVING a net acreage of 747.332 acres (32,553,825 square feet) of land, more or less. TRACT2 88.573 ACRES BEING all of that certain tract of Iand situated in the R. Ganzara Survey, Abstract No. 563 and the Y. Samora Survey, Abstract No. 1385, Tarrant County, Texas, and being a portion of Tract V, described in the deed to Sheelin McSharry Texas LP, recorded in Instrument No. D208118160, Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), and being more particularly described as follows: BEGINNING at a 1/2-inch iron rod with a cap stamped "RPLS 6677" set (hereinafter referred to as a capped iron rod set) in the north line of Bonds Ranch Road (120-foot right-of-way), described in Volume 13449, Page 39, Deed Records of Tarrant County, Texas (D.R.T.C.T.), and at the southwest corner of said Tract V and the common east line of Tract No. 4, described in deed to Texas Electric Service Company (T.E.S.C.0), recorded in Volume 2542, Page 1, D.R.T.C.T.; THENCE North 00' 25' 05" East, leaving the north line of said Bonds Ranch Road, with the east line of said T.E.S.C.O. tract and the west line of said Tract V, a distance of 4036.96 feet to a point within Peden Road; THENCE North 89° 34' 32" East, with the north line of Tract V, and within Peden Road, a distance of 363.04 feet to a 1/2-inch capped iron rod found at the northwest corner of a remainder portion of a tract of land described in deed to Bonds Ranch Investors 11, LTD., recorded in Instrument No. D207444902, O.P.R.T.C.T.; THENCE, leaving said Peden Road, with the lines of said Bonds Ranch remainder tract, the following courses and distances: 1. South 000 25' 28" East, a distance of 604.98 feet to a capped iron rod set at the southwest corner of said Bonds Ranch remainder tract; 2. North 89' 34' 32" East, a distance of 360.06 feet to a capped iron rod set at the southeast corner of said Bonds Ranch remainder tract; 3. North 00' 25' 28" West, a distance of 604.98 feet to a 1/2-inch capped iron rod found in said Peden Road at the northeast corner of said Bonds Ranch remainder tract; THENCE North 89' 34' 32" East, with the north line of said Tract V, within Peden Road, a distance of 255.38 feet to a 1/2-inch capped iron rod found at the northeast corner of Tract V and the common northwest corner of a tract of land described in deed to Denton Town Center Partners, LP, recorded in Instrument No. D214161904, O.P.R.T.C.T.; THENCE South 00' 36' 18" East, leaving said Peden Road, with the east Iine of said Tract V and the west line of said Denton Tower Center Partners tract, a distance of 4015.42 feet to a 1/2-inch capped iron rod found in the north line of said Bonds Ranch Road at the southeast corner of said Tract V and the common southwest corner of said Denton Tower Center Partners tract; THENCE with the north line of Bonds Ranch Road and the south line of Tract V, the following courses and distances: 1. South 89' 23' 42" West, a distance of 815.33 feet to a 1/2-inch capped iron rod found at the beginning of a curve to the left; 2. With said curve to the Ieft, having a radius of 1560.02 feet, a central angle of 08' 40' 20", an arc length of 236.12 feet, a chord that bears South 850 03' 59" West, a distance of 235.89 feet to the POINT OF BEGINNING and enclosing 88.573 acres (3,858,233 square feet) of land, more or less. �u 5