HomeMy WebLinkAbout26-6396 - City Council - Resolution
RESOLUTION 26-6396
AUTHORIZING AND CREATING FORT WORTH PUBLIC
IMPROVEMENT DISTRICT NO. 24 (RIO CLARO) IN ACCORDANCE
WITH CHAPTER 372 OF THE TEXAS LOCAL GOVERNMENT CODE;
PROVIDING AN EFFECTIVE DATE; AND TAKING CERTAIN OTHER
ACTIONS CONCERNING THE DISTRICT
WHEREAS City
Council Petition
Code
PID
corporate limits of the City, as more particularly described by metes and bounds in Exhibit A
attached hereto and incorporated herein for all purposes; and
WHEREAS, the City Council has investigated and determined that the facts contained in
the Petition are true and correct; and
WHEREAS, in accordance with Section 372.009 of the Code, at its regular, open and
public meeting on September 15, 2026, the City Council opened a public hearing on the
advisability, nature and estimated cost of the improvements and services, the boundaries of the
PID and the method of assessment and apportionment of costs between the City and the PID
Public Hearing
WHEREAS, in accordance with Section 372.009(d) of the Code, on August 28, 2026,
notice of the Public Hearing was mailed to all property owners subject to assessment under the
proposal set forth in the Petition, which mailing date was before the fifteenth (15th) day prior to
the date of the Public Hearing; and
WHEREAS, the City continued the Public Hearing to September 29, 2026, on which date
the hearing was complete and closed.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS THAT:
1. Recitals. The findings set forth in the recitals of this Resolution are found to be
true and correct; and
2. Findings. Pursuant to the requirements of the Code, including, without limitation,
Sections 372.006, 372.009(a), and 372.009(b), after hearing all public comments in the Public
Hearing and duly considering all other evidence and testimony presented at the Public Hearing,
as well as all other information known by the City Council, the City Council hereby makes the
following findings:
a. Petition. The Petition submitted by the Petitioner is on the file with
the City Secretary and complies with Section 372.005 of the Code and has been
signed by (a) owners of taxable real property representing more than fifty
percent (50%) of the appraised value of all taxable real property liable for
assessment under the proposal set forth in the Petition, as determined by the
current roll of the Appraisal Districts in which the PID is located, and (b) record
owners of real property liable for assessment under the proposal set forth in the
Petition who own taxable real property that constitutes more than fifty percent
(50%) of the area of all taxable real property that is liable for assessment under
such proposal.
b. Advisability of the Proposed Improvements. It is advisable to
establish the PID to provide the Authorized Improvements (as described
below). The Authorized Improvements are feasible and desirable and will
promote the interests of the City and will confer a special benefit on the property
in the PID. It is advisable that the City exercise the powers granted by the Code
in connection with the establishment of the PID, including the undertaking of
the Authorized Improvements and the levying and collection of special
assessments on property in the PID, based on the benefit conferred by such
Authorized Improvements.
c. General Nature of the Authorized Improvements. The general nature
the following: (i) street and roadway improvements, including related
sidewalks, drainage, utility relocation, signalization, landscaping, lighting,
signage, off-street parking and right-of-way; (ii) establishment or improvement
of parks and open space, together with the design, construction and maintenance
of any ancillary structures, features or amenities such as trails, playgrounds,
walkways, lighting and any similar items located therein; (iii) sidewalks and
landscaping, including entry monuments and features, fountains, lighting and
signage; (iv) acquisition, construction, and improvement of water, wastewater
and drainage improvements and facilities; (v) projects similar to those listed in
subsections (i) - (iv) above authorized by the Act, including acquisition of land
or right-of-way or similar off-site projects that provide a benefit to the property
within the District; (vi) special supplemental services for improvement and
promotion of the District as approved by the City including services related to
advertising, promotion, health and sanitation, water and wastewater, public
safety, security, business recruitment, development, recreation, and cultural
enhancement; or as otherwise authorized by the Act; (vii) payment of costs
associated with developing, financing, operating, and maintaining the public
improvements listed in subparagraphs (i) - (vi) above, and costs of establishing,
administering and operating the District. These Authorized Improvements shall
promote the interests of the City and confer a special benefit upon the Property.
d. Estimated Costs of the Authorized Improvements and Apportionment of Costs.
The estimated cost to design, acquire, and construct the Authorized
Improvements, together with bond issuance costs (including but not limited to
the funding of any capitalized interest and reserve funds), eligible legal and
financial fees, eligible credit enhancement costs and eligible costs incurred in
the establishment administration and operation of the District is One Hundred
Sixty Five Million and 00/100 Dollars ($165,000,000.00). The City will pay
none of the costs of the proposed improvements from funds other than such
assessments and possible tax increment reinvestment zone revenue. The
remaining costs of the proposed improvements will be paid from sources other
than the City or assessments of property owners.
e. Boundaries of the PID. The PID is proposed to include approximately 630
acres of land generally located south of Bonds Ranch Road and east of Morris
Dido Newark Road, as more particularly depicted and properly described in
the metes and bounds described in Exhibit A attached hereto.
f.Proposed Method of Assessment. The assessment of costs of the Authorized
Improvements will be levied on each parcel of property within the PID in a
manner that results in imposing equal shares of the costs on property similarly
benefitted. All assessments may be paid in full at any time (including interest
and principal), and certain assessments may be paid in annual installments
(including interest and principal). If an assessment is allowed to be paid in
installments, then the installments must be paid in amounts necessary to meet
costs for those Authorized Improvements financed by the assessment, and
must continue for a period necessary to retire the indebtedness of those
Authorized Improvements (including interest); and
3. Establishment of the PID; Term. Fort Worth Public Improvement District No.
24 (Rio Claro) is hereby authorized and created as a public improvement district
under the Code in accordance with the findings of the City Council set forth in
Section 2 above; and the conclusion that the PID is needed to fund such
Authorized Improvements. The PID will take effect on the date City Council
adopts this Resolution, in conformance with Section 372.010(a) of the Code
(), and expire on the earlier of (i) the date as of which all
debt, Reimbursement Agreements or other obligations secured by assessments
levied on the property in the PID are retired or satisfied in full; (ii) the effective
date of (A) a resolution dissolving the PID adopted by the City Council following
receipt of a petition requesting dissolution and the holding of a public hearing to
consider such dissolution in accordance with Section 372.011 of the Code; or (B)
any other lawful method provided for dissolution of a public improvement district
pursuant to the Code, as it may be amended. Notwithstanding anything to the
contrary herein, the PID will continue in effect until all obligations of
indebtedness for all previously-authorized improvement projects and services in
the PID have been fully satisfied and discharged. The PID will be subject to all
conditions, limitations, and reservations set forth in the findings set forth above;
and
4. Management of the PID; Advisory Body. The PID will be managed by the City.
The City may engage a consultant to assist in the management of the PID, which
consultant will, from time-to-time, advise the City regarding certain operations of
the PID. The City Council hereby declines to appoint an advisory body for the
PID pursuant to Section 372.008 of the Code. The City Council hereby reserves
the right to assign responsibility for preparation of the ongoing service plan for
the PID to another entity in the absence of such an advisory body, as authorized
by Section 372.013(a) of the Code; and
5.Effectiveness; Restriction on Construction of Improvements. This Resolution
takes effect immediately upon the PID Effective Date. In accordance with
Section 372.010(c) of the Code, actual construction of any Authorized
Improvement may not begin until after the twentieth (20th) day following the PID
Effective Date; and
6.Filing of this Resolution. The City Secretary is hereby directed to file a copy of
this Resolution with the county clerk of each county in which all or part of the
PID is located within seven (7) days after the City Council adopts this Resolution;
and
7. This resolution shall be effective from and after its passage by the City Council.
Adopted this September 29, 2026.
ATTEST:
By:
Jannette S. Goodall, City Secretary
EXHIBIT A
Metes and Bounds Description
TRACT 1: (167.725 ac)
BEING that tract of land situated in the A. C. H. & B. SURVEY, ABSTRACT No. 55 and the T.
& P. R. R. Co. SURVEY, ABSTRACT No. 1568, Tarrant County, Texas, being all of that tract of
land (Tract V) and a portion of the remainder of that tract of land (Tract I) described by deed to
Bonds Ranch Land, LP recorded in Instrument Number D221038882, Official Public Records,
Tarrant County, Texas, and being more particularly described by metes and bounds as follows:
BEGINNING at a 1/2" iron rod, found at the Northeast corner of said Tract V, in the South right-
of-way line of Bonds Ranch Road (a 120 foot right-of-way) described by deed to Tarrant County,
recorded in Volume 13449, Page 39, and the Northwest corner of that tract of land described by
deed to Eagle Mountain-Saginaw ISD, recorded in Instrument Number D207451969, both of said
County Records;
THENCE with the East line of said Tract V and the East line of said remainder tract, the following
bearings and distances:
found at the Southeast corner of said remainder tract;
THENCE with the South and East line of said Remainder tract, the following bearings and
distances:
found;
found;
remainder tract;
found;
Southwest corner of Lot 34, Block C, Lago Vista at Bonds Ranch, an addition to the City of Fort
Worth, recorded in Cabinet A, Slide 6636, said County Records;
Ranch to a post at the Southeast corner of Lot 43, Block C said Lago Vista at Bonds Ranch;
THENCE departing said common line, over and across said Remainder tract the following courses
and distances:
-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 359.33 feet, through a central
found, in all a distance of 716.33 feet, to a 5/8" iron rod with cap stamped "BROOKES
BAKER" found;
found;
found;
found;
North line of said Remainder tract, and aforementioned South right-of-way line;
and containing 7,306,101 square feet or 167.725 acres of land, more or less.
TRACT 2: (178.407 ac)
BEING that tract of land situated in the A. C. H. & B. SURVEY, ABSTRACT No. 55, the R.
GANZARA SURVEY, ABSTRACT No. 563 and the T. & P. R. R. Co. SURVEY, ABSTRACT
No. 1568, Tarrant County, Texas, and being all of that tract of land described by deed to PMBC
DEV CO 1 LLC, recorded in Instrument Number D224052883, Official Public Records, Tarrant
County, Texas, and being more particularly described by metes and bounds as follows:
BEGINNING at a 5/8" iron rod with cap stamped "WESTWOOD" set, at the Northeast corner of
said PMBC tract, in the South right-of-way line of Bonds Ranch Road (a 120 foot right-of-way)
described by deed to Tarrant County, recorded in Volume 13449, Page 39, and the Northwest
corner of Lago Vista at Bonds Ranch, an addition to the City of Fort Worth, recorded in Cabinet
A, Slide 10089, both of said County Records;
THENCE departing said South right-of-way line, with East line of said PMBC tract, and the West
line of said Lago Vista at Bonds Ranch, the following course and distances:
beginning of a curve to the right;
With said curve to the right, an arc distance of 132.28 feet, through a central angle of 09°
feet, to the beginning of a compound curve to the right to a 5/8" iron rod with cap stamped
"WESTWOOD" set;
With said compound curve to the right, an arc distance of 53.35 feet, through a central
found;
-tangent curve
to the right;
With said non-tangent curve to the right, an arc distance of 204.09 feet, through a central
found;
from which a 5/8" iron rod with cap stamped "BROOKES BAKER" found, bears N 80°
05' 35" W, 230.27 feet;
found;
found, at the East corner of said PMBC tract and being the West line of said Remainder
Tract;
THENCE with said common line the following bearings and distances:
the Southeast corner of said PMBC tract;
THENCE with the South line of said PMBC tract the following courses and distances:
the beginning of a non-tangent curve to the right;
With said non-tangent curve to the right, an arc distance of 359.33 feet, through a central
at the Southwest corner of said PMBC tract;
THENCE departing said South line, with the West line of said PMBC tract, the following courses
and distances:
MARSHALL", found;
-tangent
curve to the left;
With said non-tangent curve to the left, an arc distance of 14.01 feet, through a central
THENCE departing said West line, with the South and West line of said PMBC tract line the
following courses and distances:
the beginning of a non-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 86.24 feet, through a central
the beginning of a non-tangent curve to the right;
With said non-tangent curve to the right, an arc distance of 1,006.07 feet, through a central
beginning of a non-tangent curve to the right;
With said non-tangent curve to the right, an arc distance of 405.62 feet, through a central
the beginning of a non-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 174.31 feet, through a central
beginning of a non-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 46.85 feet, through a central
e beginning
of a compound curve to the left;
With said compound curve to the left, an arc distance of 122.79 feet, through a central
the North line of said PMBC tract, and said South right-of-way line;
and containing 7,771,409 square feet or 178.407 acres of land, more or less, SAVE AND EXCEPT
a 6.231 acre tract described in said deed to PMBC DEV CO 1 LLC, for a net area of 172.176 acres
of land, more or less.
TRACT 3: (47.914 ac)
BEING that tract of land situated in the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568, and
the R. GANZARA SURVEY, ABSTRACT No. 563, Tarrant County, Texas, and being a portion
of the remainder of that tract of land (Tract I) described by deed to Bonds Ranch Land, LP recorded
in Instrument Number D221038882, Official Public Records, Tarrant County, Texas, and being
more particularly described by metes and bounds as follows:
BEGINNING at a 1/2" iron rod with cap stamped "GOODWIN MARSHALL" found at the
Northwest corner of said remainder tract, the South right-of-way line of Bonds Ranch Road (a 120
foot right-of-way) described by deed to Tarrant County, recorded in Volume 13449, Page 39, said
County Records, and the Northeast corner of Lot 1, Block 1, Lago Vista at Bonds Ranch, an
addition to the City of Fort Worth, recorded in Cabinet A, Slide 6636, said County Records;
South right-of-way, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE departing said common line, over and across said Remainder tract, the following courses
and distances:
beginning of a curve to the right;
With said curve to the right, an arc distance of 122.79 feet, through a central angle of 09°
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the beginning of a
compound curve to the right;
With said compound curve to the right, an arc distance of 46.85 feet, through a central
beginning of a non-tangent curve to the right;
With said non-tangent curve to the right, an arc distance of 174.31 feet, through a central
the beginning of a non-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 405.62 feet, through a central
beginning of a non-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 1,006.07 feet, through a central
;
-tangent curve to the right;
With said non-tangent curve to the right, an arc distance of 86.24 feet, through a central
the West line of said Remainder tract, in the East line of aforementioned Lago Vista at
Bonds Ranch;
THENCE with the West line of said Remainder tract and the East line of said Lago Vista at Bonds
Ranch, the following bearings and distances:
square feet or 47.914 acres of land, more or less.
TRACT 4: (6.231 ac)
BEING that tract of land situated in the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568,
Tarrant County, Texas, and being the same as that Save & Except Tract described in deed to PMBC
DEV CO 1 LLC, recorded in Instrument Number D224052883, Official Public Records, Tarrant
County, Texas, and being more particularly described by metes and bounds as follows:
COMMENCING at a 5/8" iron rod with cap stamped "WESTWOOD" set at the Northwest corner
of said PMBC tract, in the South right-of-way line of Bonds Ranch Road (a 120 foot right-of-way)
described by deed to Tarrant County, recorded in Volume 13449, Page 39, and the Northeast corner
of the remainder of that tract of land (Tract I) described by deed to Bonds Ranch Land, LP recorded
in Instrument Number D221038882, both of said County Records;
THENCE departing said South right-of-way line, with the West line of said PMBC and the East
line of said Remainder tract, the following courses and distances:
With said curve to the right, an arc distance of 122.79 feet, through a central angle of 09°
feet, to the beginning of a compound curve to the right;
With said compound curve to the right, an arc distance of 46.85 feet, through a central
-tangent curve to the right;
With said non-tangent curve to the right, an arc distance of 174.31 feet, through a central
-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 405.62 feet, through a central
the POINT OF BEGINNING;
THENCE over and across said PMBC tract, the following courses and distances:
the beginning of a non-tangent curve to the right;
THENCE with said non-tangent curve to the right, an arc distance of 964.59 feet, through a central
W, 946.78 feet, to the POINT OF BEGINNING and containing 271,422 square feet or 6.231 acres
of land, more or less.
TRACT 5: (133.824 ac)
BEING that tract of land situated in the R. GANZARA SURVEY, ABSTRACT No. 563, the T. &
P. R. R. Co. SURVEY, ABSTRACT No. 1568, the J. P. SMITH SURVEY, ABSTRACT No.
1916, and the A. C. H. & B. SURVEY, ABSTRACT No. 55, Tarrant County, Texas, being a
portion of the remainder of those tracts of land (Tract II and Tract III), as described by deed to
Bonds Ranch Land LP, recorded in Instrument No. D221038882, being all of that tract of land
(Tract VI) described by deed to Bonds Ranch Land, LP recorded in Instrument No. D221105176,
all of County Records, Tarrant County, Texas and being more particularly described by metes and
bounds as follows:
BEGINNING at a 5/8" iron rod with cap stamped "BROOKES BAKER" found in the South right-
of-way line of Bonds Ranch Road (a 120' right-of-way) recorded in Volume 13449, Page 39, said
County Records, in the West line of that tract of land (Tract 4) described by deed to Texas Electric
Service Company (hereinafter referred to as TESCO) recorded in Volume 2542, Page 1, said
County Records and being the Northeast corner of said Tract II;
THENCE S 00° 25' 05" W, 551.16 feet, departing said South right-of-way line, with the West line
of said Tract IV and the East line of the remainder of said Tract II, to the Northeast corner of a
remainder of that tract of land described by deed to Bonds Ranch Investors II, Ltd., recorded in
Volume 16030, Page 268, said County Records;
THENCE departing said West line, with the North, West and South line of said Investors II
Remainder tract, the following bearings and distances:
N 89° 34' 47" W, 360.02 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER"
found;
S 00° 25' 13" W, 605.03 feet;
S 89° 34' 47" E, 360.05 feet to a 5/8" iron rod with orange cap found in aforementioned
TESCO West line;
THENCE S 00° 25' 05" W, at 2074.0 feet, the East corner of a Remainder of said Investors II tract,
at 3374.4 feet, the Northeast corner of aforementioned Tract VI, in all a total distance of 3895.47
feet, to a concrete monument stamped "TESCO" found for the Southeast corner of said Tract VI
and being in the North line of that tract of land described by deed to BKV Midstream, LLC
recorded in Instrument No. D222169417, said County Records;
THENCE S 89° 53' 40" W, at 416.72 feet, with the South line of said Tract VI and said North
line, a 5/8" iron rod with cap stamped "BROOKES BAKER" found for the Southwest corner of
said Tract VI, continuing with the South line of aforesaid Tract II, in all a distance of 1480.42 feet,
to a 5/8" iron rod with cap stamped "WESTWOOD" set at the Southeast corner of a Remainder of
Bonds Ranch Investors II, Ltd. recorded in Volume 16030, Page 268, said County Records;
THENCE N 00° 06' 20" W, 604.96 feet, with the East line of said Remainder tract, to a 5/8" iron
rod found, at the Northeast corner of said Remainder tract;
THENCE S 89° 53' 40" W, at 174.38 feet, the West line of Investors II tract, being the East line of
the Remainder of that tract of land described by deed to Bonds Ranch Investors II Ltd., recorded
in Instrument No. D204293195, said County Records, in all a total distance of 360.00 feet, to a
5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE S 00° 06' 20" E, 604.96 feet, with the West line of said Investors II tract recorded in
D204293195, to a 5/8" iron rod with cap stamped "WESTWOOD", set at its Southwest corner, in
the South line of said Tract III, and in the North line of said BKV tract;
THENCE S 89° 53' 40" W, 1480.13 feet, with the South line of said Tract III and the North line
of said BKV tract, to a 7/8" iron rod found in the East right-of-way line of Farm-to-Market Road
1220 (a variable width State Highway), being the Southwest corner of said Tract III;
THENCE N 14° 02' 29" W, 17.61 feet, with said East right-of-way, to the southerly Southwest
corner of that tract of land described by Correction Deed to PMBC DEV CO 3 LLC, recorded in
Instrument Number D225031405, said County Records;
THENCE N 89° 53' 40" E, 1476.68 feet, departing said East right-of-way, with the South line of
said PMBC tract, to a 5/8" iron rod with cap stamped "WESTWOOD" set for the Southeast corner
of said PMBC tract;
THENCE with the East line of said PMBC tract the following courses and distances:
N 00° 06' 20" W, 604.88 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 89° 53' 40" E, 195.20 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 40' 11" E, 250.87 feet;
N 89° 19' 49" W, 10.00 feet;
N 00° 40' 11" E, 121.49 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a curve to the right;
With said curve to the right, an arc distance of 812.27 feet, through a central angle of 37°
13' 54", having a radius of 1250.00 feet, and a long chord which bears N 19° 17' 08" E,
798.05 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 37° 54' 05" E, 29.11 feet;
S 52° 05' 55" E, 170.30 feet;
N 38° 42' 57" E, 22.02 feet;
S 51° 17' 03" E, 120.00 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 38° 42' 57" E, 601.79 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 51° 17' 03" W, 170.00 feet;
N 38° 42' 57" E, 8.83 feet;
N 51° 17' 03" W, 185.64 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 24° 29' 34" E, 336.77 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 76° 32' 16" W, 348.60 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at
the beginning of a non-tangent curve to the left;
With said non-tangent curve to the left, an arc distance of 825.99 feet, through a central
angle of 63° 06' 03", having a radius of 750.00 feet, and a long chord which bears N 18°
05' 17" W, 784.87 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 49° 38' 19" W, 199.10 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set in
the South right-of-way line of said aforementioned Bonds Ranch Road, being the Northeast
corner of said PMBC tract;
THENCE N 41° 21' 07" E, 1377.37 feet, with said South right-of-way line, to a 5/8" iron rod with
cap stamped "BROOKES BAKER" found at the beginning of a curve to the right;
THENCE, continuing with said South right-of-way, with said curve to the right, an arc distance of
892.50 feet, through a central angle of 35° 30' 42", having a radius of 1440.00 feet, and a long
chord which bears N 59° 06' 28" E, 878.29 feet to the POINT OF BEGINNING and containing
6,047,217 square feet or 138.825 acres, more or less;
SAVE AND EXCEPT THE FOLLOWING DESCRIBED TRACT:
BEING that tract of land situated in the R. GANZARA SURVEY, ABSTRACT No. 563, Tarrant
County, Texas, and being a remainder of that tract of land described by deed to Bonds Ranch
Investors II, Ltd. recorded in Volume 16030, Page 268, County Records, Tarrant County, Texas
and being more particularly described by metes and bounds as follows:
COMMENCING at a concrete monument stamped "TESCO" found in the West line of a tract of
land (Tract 4) described by deed to Texas Electric Service Company (hereinafter referred to as
TESCO) recorded in Volume 2542, Page 1, County Records, Tarrant County, Texas, being the
Southwest corner of that tract of land (Tract VI) described by deed to Bonds Ranch Land, LP
recorded in Instrument No. D221105176, said County Records, and in the North line of a tract of
land described by deed to BKV Midstream, LLC recorded in Instrument No. D222169417, both
of said County Records;
THENCE N 00° 25' 05" E, 1821.44 feet, with the West line of said TESCO tract and the East line
of said Tract II, to the POINT OF BEGINNING;
THENCE departing said common line, with the Southeast, Southwest, Northwest, and Northeast
lines of said Remainder the following bearing and distances:
S 42° 57' 52" W, 604.98 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER",
found;
N 47° 02' 08" W, 360.06 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER",
found;
N 42° 57' 52" E, 604.98 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER",
found;
THENCE S 47° 02' 08" E, 360.06 feet to the POINT OF BEGINNING and containing 217,829
square feet or 5.001 acres, more or less, for a Net Area of 5,829,373 square feet or 133.824 acres,
more or less.
TRACT 6: (98.837 ac)
BEING that tract of land situated in the R. GANZARA SURVEY, ABSTRACT No. 563, the T. &
P. R. R. Co. SURVEY, ABSTRACT No. 1568, and the J. P. SMITH SURVEY, ABSTRACT No.
1916, Tarrant County, Texas, being a portion of the remainder of those tracts of land known as
(Tract II and III) described by deed to Bonds Ranch Land LP, recorded in Instrument No.
D221038882, being all of that tract of land (Tract VI) described by deed to Bonds Ranch Land,
LP recorded in Instrument No. D221105176, and a portion of that tract of land described by deed
to PMBC DEV CO 3 LLC recorded in Instrument No. D225031405, all of the County Records,
Tarrant County, Texas, and being more particularly described by metes and bounds as follows:
COMMENCING at a 5/8" iron rod with cap stamped "BROOKES BAKER" found in the South
right-of-way line of Bonds Ranch Road (a 120' right-of-way) recorded in Volume 13449, Page 39,
said County Records, being the Northeast corner of said Tract II, in the West line of a tract of land
(Tract 4) described by deed to Texas Electric Service Company recorded in Volume 2542, Page 1,
said County Records, the beginning of a non-tangent curve to the left;
THENCE with said South right-of-way line, with said non-tangent curve to the left, an arc distance
of 892.50 feet, through a central angle of 35° 30' 42", having a radius of 1440.00 feet, and a long
chord which bears S 59° 06' 28" W, 878.29 feet, to a 5/8" iron rod with cap stamped "BROOKES
BAKER" found;
THENCE S 41° 21' 07" W, 1377.37 feet, continuing with said South right-of-way line, to a 5/8"
iron rod with cap stamped "WESTWOOD" set for the Northeast corner of said PMBC Dev Co 3
LLC tract and being the POINT OF BEGINNING;
THENCE departing said common line, with the East line of said PMBC Dev Co 3 LLC tract over
and across said Tract II and III the following courses and distances:
S 49° 38' 19" E, 199.10 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a curve to the right;
With said curve to the right, an arc distance of 825.99 feet, through a central angle of 63°
06' 03", having a radius of 750.00 feet, and a long chord which bears S 18° 05' 17" E,
784.87 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 76° 32' 16" E, 348.60 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 24° 29' 34" W, 336.77 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 51° 17' 03" E, 185.64 feet;
S 38° 42' 57" W, 8.83 feet;
S 51° 17' 03" E, 170.00 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 38° 42' 57" W, 601.79 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 51° 17' 03" W, 120.00 feet;
S 38° 42' 57" W, 22.02 feet;
N 52° 05' 55" W, 170.30 feet;
S 37° 54' 05" W, 29.11 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a curve to the left;
With said curve to the left, an arc distance of 812.27 feet, through a central angle of 37°
13' 54", having a radius of 1250.00 feet, and a long chord which bears S 19° 17' 08" W,
798.05 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 40' 11" W, 121.49 feet;
S 89° 19' 49" E, 10.00 feet;
S 00° 40' 11" W, 250.87 feet;
S 89° 53' 40" W, 195.20 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 06' 20" E, 604.88 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set for
the Southeast corner of said PMBC Dev Co 3 LLC tract;
THENCE S 89° 53' 40" W, 1476.68 feet, continuing over and across said Tract III, to the East
right-of-way line of Farm-to-Market Road 1220 (FM 1220) (a variable width State Highway), to
the southerly Southwest corner of said PMBC tract;
THENCE N 14° 02' 29" W, 225.51 feet, to the northerly Southwest corner of said PMBC tract,
being the Southwest corner of a Remainder of said Tract III, to a 5/8" iron rod with cap stamped
"WESTWOOD" set;
THENCE S 89° 19' 49" E, 1340.81 feet, departing said East right-of-way, over and across said
Tract III Remainder, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE N 00° 40' 11" E, at 634.75 feet, crossing the common line between said Tract II, in all a
distance of 660.19 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE over and across said PMBC tract the following bearings and distances:
N 89° 19' 49" W, 460.00 feet;
N 00° 40' 11" E, 4.81 feet;
N 89° 19' 49" W, 240.00 feet;
S 00° 40' 11" W, 10.32 feet;
N 89° 19' 49" W, 170.00 feet;
S 00° 40' 11" W, 28.87 feet, an ell corner of said PMBC tract;
THENCE N 89° 34' 14" W, 634.43 feet, departing ell corner, over and across said PMBC tract, to
a 5/8" iron rod with cap stamped "WESTWOOD" set in the aforementioned East right-of-way line
of Farm-to-Market Road 1220 and the West line of said PMBC tract;
THENCE N 14° 02' 29" W, 916.81 feet, with said common line to a 5/8" iron rod with cap stamped
"WESTWOOD" set;
THENCE departing said common line, with the North line of said PMBC tract, the following
bearings and distances:
N 75° 10' 04" E, 1502.86 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 31° 48' 22" E, 758.91 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 09° 53' 17" W, 184.84 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 69° 51' 00" W, 182.83 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER"
found in the South right-of-way line of aforementioned Bonds Ranch Road;
THENCE N 41° 21' 07" E, 729.66 feet, with said South right-of-way line to the POINT OF
BEGINNING and containing 4,305,346 square feet or 98.837 acres, more or less.
TRACT 6A: (0.970 ac)
BEING that tract of land situated in the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568, and
the J. P. SMITH SURVEY, ABSTRACT No. 1916, Tarrant County, Texas, and being a portion of
the remainder of that tract of land (Tract III) described by deed to Bonds Ranch Land LP, recorded
in Instrument No. D221038882, County Records, Tarrant County, Texas and being more
particularly described by metes and bounds as follows:
COMMENCING at a 7/8" iron rod found in the East right-of-way line of Farm-to-Market Road
1220 (a variable width State Highway), being the Southwest corner of said Tract III;
THENCE N 14° 02' 29" W, 243.12 feet, with said East right-of-way, to a 5/8" iron rod with cap
stamped "WESTWOOD" set;
THENCE departing said East right-of-way, with the South and East line of the Remainder of said
Tract III, the following bearings and distances:
S 89° 19' 49" E, 1340.81 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 40' 11" E, 634.75 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set for
the POINT OF BEGINNING;
THENCE S 89° 59' 05" W, 674.91 feet, departing said East line, over and across said Tract III
Remainder, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 25' 46" W, 141.24 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 89° 34' 14" W, 110.00 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 25' 46" E, 141.19 feet;
N 89° 34' 14" W, 85.14 feet, to the North line of said Tract III Remainder;
THENCE with said North line the following bearings and distances:
N 00° 40' 11" E, 28.87 feet;
S 89° 19' 49" E, 170.00 feet;
N 00° 40' 11" E, 10.32 feet;
S 89° 19' 49" E, 240.00 feet;
S 00° 40' 11" W, 4.81 feet;
S 89° 19' 49" E, 460.00 feet;
THENCE S 00° 40' 11" W, 25.44 feet to the POINT OF BEGINNING and containing 42,272
square feet or 0.970 acres, more or less.
PETITION FOR THE CREATION OF A PUBLIC IMPROVEMENT DISTRICT
WITHIN THE CORPORATE LIMITS OF THE CITY OF FORT WORTH, TEXAS FOR
THE RIO CLARO PUBLIC IMPROVEMENT DISTRICT
This petition ("Petition") is submitted and filed with the City Secretary of the City of Fort
Worth, Texas ("C"), by MM Rio Claro 620, LLC, a Texas limited liability company (the
"Petitioner"), owner of one hundred percent (100%) of the real property located within the
proposed boundaries of the District, as hereinafter defined. Acting pursuant to the provisions of
Chapter 372, Texas Local Government Code, as amended (the "Act"), the Petitioner requests that
the City create a public improvement district (the "District"), to include property located within
the corporate limits of the City, more particularly described by a metes and bounds description in
Exhibit A and depicted in Exhibit B (the "Property"). In support of this Petition, the Petitioner
presents the following:
Section 1. General Nature of the Authorized Improvements. The general nature of the
proposed public improvements (collectively, the "Authorized Improvements") may include: (i)
street and roadway improvements, including related sidewalks, drainage, utility relocation,
signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment
or improvement of parks and open space, together with the design, construction and maintenance
of any ancillary structures, features or amenities such as trails, playgrounds, walkways, lighting
and any similar items located therein; (iii) sidewalks and landscaping, including entry monuments
and features, fountains, lighting and signage; (iv) acquisition, construction, and improvement of
water, wastewater and drainage improvements and facilities; (v) projects similar to those listed in
subsections (i) - (iv) above authorized by the Act, including acquisition of land or right-of-way or
similar off -site projects that provide a benefit to the property within the District; (vi) special
supplemental services for improvement and promotion of the District as approved by the City
including services related to advertising, promotion, health and sanitation, water and wastewater,
public safety, security, business recruitment, development, recreation, and cultural enhancement;
or as otherwise authorized by the Act; (vii) payment of costs associated with developing, financing,
operating, and maintaining the public improvements listed in subparagraphs (i) - (vi) above, and
costs of establishing, administering and operating the District. These Authorized Improvements
shall promote the interests of the City and confer a special benefit upon the Property.
Section 2. Estimated Cost of the Authorized Improvements. The estimated cost to design,
acquire, and construct the Authorized Improvements, together with bond issuance costs (including
but not limited to the funding of any capitalized interest and reserve funds), eligible legal and
financial fees, eligible credit enhancement costs and eligible costs incurred in the establishment
administration and operation of the District is One Hundred Sixty Five Million and 00/100 Dollars
($165,000,000.00). The City will pay none of the costs of the proposed improvements from funds
other than such assessments and possible tax increment reinvestment zone revenue. The remaining
costs of the proposed improvements will be paid from sources other than the City or assessments
of property owners.
Rio Claro Public Improvement District Petition Page 1 of 24
Section 3. Boundaries of the Proposed District. The District is proposed to include the
Property.
Section 4. Proposed Method of Assessment.
The City shall levy assessments on each parcel within the District in a manner that results
in imposing equal shares of the costs on property similarly benefited. All assessments may be paid
in full at any time (including interest and principal), and certain assessments may be paid in annual
installments (including interest and principal). If an assessment is allowed to be paid in
installments, then the installments must be paid in amounts necessary to meet annual costs for
those Authorized Improvements financed by the assessment, and must continue for a period
necessary to retire the indebtedness of those Authorized Improvements (including interest).
Section 5. Proposed Apportionment of Costs between the District and the City.
The City will not be obligated to provide any funds to finance the Authorized
Improvements, other than from assessments levied on the District and possible tax increment
reinvestment zone revenue. No municipal property in the District shall be assessed. The Petitioner
may also pay certain costs of the improvements from other funds available to the Petitioner.
Section 6. Management of the District.
The Petitioner proposes that the District be managed by the City, with the assistance of a
consultant, who shall, from time to time, advise the City regarding certain operations of the
District.
Section 7. The Petitioner Requests Establishment of the District. The person signing this
Petition requests the establishment of the District, is duly authorized, and has the corporate
authority to execute and deliver the Petition.
Section 8. Advisory Board.
The Petitioner proposes that the District be established and managed without the creation
of an advisory board. If an advisory board is created, the Petitioner requests that a representative
of the Petitioner be appointed to the advisory board.
Section 9. Landowner(sl.
This Petition has been signed by (1) the owners of taxable real property representing more
than 50 percent of the appraised value of taxable real property liable for assessment under the
proposal, as determined by the current roll of the appraisal district in which the property is located;
and (2) record owners of real property liable for assessment under the proposal who: (A) constitute
more than 50 percent of all record owners of property that is liable for assessment under the
proposal; or (B) own taxable real property that constitutes more than 50 percent of the area of all
taxable real property that is liable for assessment under the proposal.
Rio Claro Public Improvement District Petition Page 2 of 24
This Petition is hereby filed with the City Secretary of the City, or other officer performing
the functions of the municipal secretary, in support of the creation of the District by
the City Council of the City as herein provided. The Petitioner requests that the City Council of
the City call a public hearing on the advisability of the Authorized Improvements, give notice
thereof as provided by law and grant all matters requested in this Petition and grant such other
relief, in law or in equity, to which Petitioner may show itself to be entitled.
[SIGNATURES APPEAR ON FOLLOWING PAGE]
Rio Claro Public Improvement District Petition Page 3 of 24
RESPECTFULLY SUBMITTED, on this the,. day of �,�,,,, , 2026.
PETITIONER:
MM RIO CLARO 620, LLC
a Texas limited liability company,
By: MMM VENTURES, LLC,
a Texas limited liability company
Its: General Partner
By: 2M VENTURES, LLC,
a Delaware limited liability company
Its: Manager
By:
Name: Mehrdad Moayedi
Title: Manager
THE STATE OF TEXAS
COUNTY OF DALLAS § I -��,
This instrument was acknowledged before me on the L day of la,� , 2026, by
Mehrdad Moayedi, as the manager of 2M Ventures, LLC, a Delaware limi d liabi ty company,
the manager of MM Ventures, LLC, a Texas limited liability company, the general p rtner of MM
Rio Claro 620, LLC, a Texas limited liability company, on behalf of said c parry.
JOANNA LYNN RIVERA - Notary Pubh and for the State of Texas
NotaryID #133681005
Na My Commission Expires •
'Tt ors March 31, 2026
II liII it ilk"1. .i "IoliA'1 hidy.al i4. •,�
Rio Claro Public Improvement District Petition Page 4 of 24
EXHIBIT A
Metes and Bounds Description
TRACT 1: (167.725 ac)
BEING that tract of land situated in the A. C. H. & B. SURVEY, ABSTRACT No. 55 and the T. & P. R.
R. Co. SURVEY, ABSTRACT No. 1568, Tarrant County, Texas, being all of that tract of land (Tract V)
and a portion of the remainder of that tract of land (Tract I) described by deed to Bonds Ranch Land, LP
recorded in Instrument Number D221038882, Official Public Records, Tarrant County, Texas, and being
more particularly described by metes and bounds as follows:
BEGINNING at a 1/2" iron rod, found at the Northeast corner of said Tract V, in the South right-of-way
line of Bonds Ranch Road (a 120 foot right-of-way) described by deed to Tarrant County, recorded in
Volume 13449, Page 39, and the Northwest corner of that tract of land described by deed to Eagle
Mountain -Saginaw ISD, recorded in Instrument Number D207451969, both of said County Records;
THENCE with the East line of said Tract V and the East line of said remainder tract, the following bearings
and distances:
S 00° 22' 12" E, 3,005.73 feet;
S 00° 18' 49" E, 2,443.61 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found at
the Southeast corner of said remainder tract;
THENCE with the South and East line of said Remainder tract, the following bearings and distances:
N 89°
43'
52"
W, 484.39 feet;
N 00°
16'
08"
E, 360.04 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
N 89°
43'
52"
W, 605.00 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
S 00°
16'
08"
W, 360.04 feet;
N 89°
43'
52"
W, 3,841.81 feet, to a 7/8" iron rod found, at the Southwest corner of said remainder
tract;
THENCE N 00° 22' 26" W, 288.13 feet, with the West line of said remainder tract, to a 1" pipe found;
THENCE N 00° 25' 07" E, 371.57 feet, with said West line, to a 1/2" iron rod found, at the Southwest
corner of Lot 34, Block C, Lago Vista at Bonds Ranch, an addition to the City of Fort Worth, recorded in
Cabinet A, Slide 6636, said County Records;
THENCE S 89° 43' 40" E, 1,576.07 feet, with the South line of Block C said Lago Vista at Bonds Ranch
to a post at the Southeast corner of Lot 43, Block C said Lago Vista at Bonds Ranch;
Rio Claro Public Improvement District Petition Page 5 of 24
THENCE departing said common line, over and across said Remainder tract the following courses and
distances:
S 44O 43' 48" E, 285.77 feet, to a 5/8" iron rod with cap stamped WESTWOOD, set;
S 000 40' 11" W, 269.24 feet, to a 5/8" iron rod with cap stamped WESTWOOD, set;
S 89° 19' 46" E, 1,085.69 feet, to the beginning of a non -tangent curve to the left;
With said non -tangent curve to the left, an arc distance of 359.33 feet, through a central angle of
27° 38' 05", having a radius of 745.00 feet, the long chord which bears N 76° 51' 08" E, 355.85
feet, to a 5/8" iron rod with cap stamped WESTWOOD, set;
N 63°
02'
06" E, 391.77 feet, to a 5/8" iron rod with cap stamped WESTWOOD, set;
N 00°
18'
49" W, 1,959.82 feet, to a 5/8" iron rod with cap stamped WESTWOOD, set;
N 09°
54'
25" E, 145.20 feet;
N 67°
15'
12" E, 109.61 feet;
N 09°
54'
25" E, at 260.05 feet a 5/8" iron rod with cap stamped "BROOKES BAKER" found, in
all a distance
of 716.33 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
S 80°
05'
35" E, 177.22 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
N 30°
09'
50" E, 686.68 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
N 00°
36'
18" W, 229.33 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
N 14°
13'
44" W, 1,338.28 feet, to a 5/8" iron rod with cap stamped WESTWOOD, set;
N 00°
36'
18" W, 49.99 feet, to a 5/8" iron rod with cap stamped WESTWOOD, set, in the North
line of said
Remainder tract, and aforementioned South right-of-way line;
THENCE N 89° 23' 42" E, 915.93 feet, with said common line, to the POINT OF BEGINNING and
containing 7,306,101 square feet or 167.725 acres of land, more or less.
TRACT 2: (178.407 ac)
BEING that tract of land situated in the A. C. H. & B. SURVEY, ABSTRACT No. 55, the R. GANZARA
SURVEY, ABSTRACT No. 563 and the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568, Tarrant
County, Texas, and being all of that tract of land described by deed to PMBC DEV CO 1 LLC, recorded in
Instrument Number D224052883, Official Public Records, Tarrant County, Texas, and being more
particularly described by metes and bounds as follows:
BEGINNING at a 5/8" iron rod with cap stamped "WESTWOOD" set, at the Northeast corner of said
PMBC tract, in the South right-of-way line of Bonds Ranch Road (a 120 foot right-of-way) described by
deed to Tarrant County, recorded in Volume 13449, Page 39, and the Northwest corner of Lago Vista at
Rio Claro Public Improvement District Petition Page 6 of 24
Bonds Ranch, an addition to the City of Fort Worth, recorded in Cabinet A, Slide 10089, both of said
County Records;
THENCE departing said South right-of-way line, with East line of said PMBC tract, and the West line of
said Lago Vista at Bonds Ranch, the following course and distances:
S 00O 36' 18" E, 27.91 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set, at the
beginning of a curve to the right;
With said curve to the right, an arc distance of 132.28 feet, through a central angle of 09° 03' 57",
having a radius of 836.00 feet, the long chord which bears S 030 55' 41" W, 132.14 feet, to the
beginning of a compound curve to the right to a 5/8" iron rod with cap stamped "WESTWOOD"
set;
With said compound curve to the right, an arc distance of 53.35 feet, through a central angle of 07°
27' 52", having a radius of 409.50 feet, the long chord which bears S 12° 11' 36" W, 53.31 feet, to
a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 76° 09' 56" E, 15.94 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 13° 50' 04" W, 50.00 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
N 76° 09' 56" W, 20.17 feet, to an "X" cut found, at the beginning of a non -tangent curve to the
right;
With said non -tangent curve to the right, an arc distance of 204.09 feet, through a central angle of
14° 05' 19", having a radius of 830.00 feet, the long chord which bears S 22° 36' 17" W, 203.58
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" .set;
S 29° 38' 57" W, 246.78 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
S 600 21' 03" E, 770.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 15° 34' 52" E, 1,001.36 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set, from which
a 5/8" iron rod with cap stamped "BROOKES BAKER" found, bears N 80° 05' 35" W, 230.27 feet;
S 80° 05' 35" E, 197.21 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 09° 54' 25" W, 456.28 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
S 80° 05' 35" E, 477.39 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found, at
the East corner of said PMBC tract and being the West line of said Remainder Tract;
THENCE with said common line the following bearings and distances:
S 09° 54' 25" W, 260.05 feet;
Rio Claro Public Improvement District Petition Page 7 of 24
S 67° 15' 12" W, 109.61 feet;
S 09° 54' 25" W, 145.20 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 18' 49" E, 1,959.82 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
Southeast corner of said PMBC tract;
THENCE with the South line of said PMBC tract the following courses and distances:
S 63° 02' 06" W, 391.77 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the right;
With said non -tangent curve to the right, an arc distance of 359.33 feet, through a central angle of
27° 38' 05", having a radius of 745.00 feet, the long chord which bears S 76° 51' 08" W, 355.85
feet, to'a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 89° 19' 46" W, 1,085.69 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
Southwest corner of said PMBC tract;
THENCE departing said South line, with the West line of said PMBC tract, the following courses and
distances:
N 00°
40'
11"
E, 269.24 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 44°
43'
48"
W, 285.77 feet, to a post;
N 01°
22'
51"
W, 643.38 feet, to a 1/2" iron rod with cap stamped "GOODWIN MARSHALL",
found;
N 08°
00'
58"
W, 156.13 feet, to a 3/8" iron rod found;
N 18°
22'
49"
W, 903.32 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 09°
03'
20"
E, 239.97 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00°
27'
42"
W, 130.16 feet, to a 1/2" iron rod found at the beginning of a non -tangent curve to
the left;
With said non -tangent curve to the left, an arc distance of 14.01 feet, through a central angle of 00°
49' 55", having a radius of 965.00 feet, the long chord which bears N 87° 52' 39" E, 14.01 feet, to
a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 27' 42" W, 574.45 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE departing said West line, with the South and West line of said PMBC tract line the following
courses and distances:
N 69° 45' 18" E, 296.31 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the left;
Rio Claro Public Improvement District Petition Page 8 of 24
With said non -tangent curve to the left, an arc distance of 86.24 feet, through a central angle of 02°
30' 07", having a radius of 1975.00 feet, the long chord which bears S 21° 29' 45" E, 86.24 feet;
S 22° 44' 48" E, 27.61 feet;
N 67° 15' 12" E, 50.00 feet;
S 67° 44' 48" E, 14.14 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 67° 15' 12" E, 220.00 feet;
N22° 15' 12" E, 14.14 feet;
N 66° 14' 12" E, 51.28 feet;
S 61° 24' 40" E, 13.97 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 67° 15' 12" E, 110.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 22° 15' 12" E, 14.14 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 22° 44' 48" W, 27.61 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the right;
With said non -tangent curve to the right, an arc distance of 1,006.07 feet, through a central angle
of 38° 18' 04", having a radius of 1,505.01 feet, the long chord which bears N 03° 35' 46" W,
987.44 feet;
N 28° 40' 55" W, 14.28 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 16° 53' 14" E, 50.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 62° 27' 24" E, 14.28 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the right;
With said non -tangent curve to the right, an arc distance of 405.62 feet, through a central angle of
15° 26' 32", having a radius of 1,505.00 feet, the long chord which bears N 25° 56' 25" E, 404.40
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 33° 39' 44" E, 150.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the left;
With said non -tangent curve to the left, an arc distance of 174.31 feet, through a central angle of
17° 31' 19", having a radius of 570.00 feet, the long chord which bears N 24° 54' 04" E, 173.64
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 16° 08' 25" E, 53.68 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the left;
Rio Claro Public Improvement District Petition Page 9 of 24
With said non -tangent curve to the left, an arc distance of 46.85 feet, through a central angle of 07°
40' 47", having a radius of 349.50 feet, the long chord which bears N 12° 18' 02" E, 46.81 feet, to
a 5/8" iron rod with cap stamped "WESTWOOD" set at the beginning of a compound curve to the
left;
With said compound curve to the left, an arc distance of 122.79 feet, through a central angle of 09°
03' 57", having a radius of 776.00 feet, the long chord which bears N 03° 55' 40" E, 122.66 feet,
to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 36' 18" W, 27.91 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set in the North
line of said PMBC tract, and said South right-of-way line;
THENCE N 89° 23' 42" E, 60.00 feet, with said common line, to the POINT OF BEGINNING and
containing 7,771,409 square feet or 178.407 acres of land, more or less, SAVE AND EXCEPT a 6.231 acre
tract described in said deed to PMBC DEV CO 1 LLC, for a net area of 172.176 acres of land, more or less.
TRACT 3: (47.914 ac)
BEING that tract of land situated in the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568, and the R.
GANZARA SURVEY, ABSTRACT No. 563, Tarrant County, Texas, and being a portion of the remainder
of that tract of land (Tract I) described by deed to Bonds Ranch Land, LP recorded in Instrument Number
D221038882, Official Public Records, Tarrant County, Texas, and being more particularly described by
metes and bounds as follows:
BEGINNING at a 1/2" iron rod with cap stamped "GOODWIN MARSHALL" found at the Northwest
corner of said remainder tract, the South right-of-way line of Bonds Ranch Road (a 120 foot right-of-way)
described by deed to Tarrant County, recorded in Volume 13449, Page 39, said County Records, and the
Northeast corner of Lot 1, Block 1, Lago Vista at Bonds Ranch, an addition to the City of Fort Worth,
recorded in Cabinet A, Slide 6636, said County Records;
THENCE N 89° 23' 42" E, 1,384.14 feet, with the North line of said Remainder tract, and said South right-
of-way, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE departing said common line, over and across said Remainder tract, the following courses and
distances:
S 00° 36' 18" E, 27.91 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the beginning
of a curve to the right;
With said curve to the right, an arc distance of 122.79 feet, through a central angle of 09° 03' 57",
having a radius of 776.00 feet, the long chord which bears S 03° 55' 40" W, 122.66 feet, to a 5/8"
iron rod with cap stamped "WESTWOOD" set at the beginning of a compound curve to the right;
With said compound curve to the right, an arc distance of 46.85 feet, through a central angle of 07°
40' 47", having a radius of 349.50 feet, the long chord which bears S 12° 18' 02" W, 46.81 feet, to
a 5/8" iron rod with cap stamped "WESTWOOD" set;
Rio Claro Public Improvement District Petition Page 10 of 24
S 16° 08' 25" W, 53.68 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the right;
With said non -tangent curve to the right, an arc distance of 174.31 feet, through a central angle of
17° 31' 19", having a radius of 570.00 feet, the long chord which bears S 24° 54' 04" W, 173.64
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 33° 39' 44" W, 150.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the left;
With said non -tangent curve to the left, an arc distance of 405.62 feet, through a central angle of
15° 26' 32", having a radius of 1,505.00 feet, the long chord which bears S 25° 56' 25" W, 404.40
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 62° 27' 24" W, 14.28 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 16° 53' 14" W, 50.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 28° 40' 55" E, 14.28 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the beginning
of a non -tangent curve to the left;
With said non -tangent curve to the left, an arc distance of 1,006.07 feet, through a central angle of
38° 18' 04", having a radius of 1,505.00 feet, the long chord which bears S 03° 35' 46" E, 987.44
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 22°
44'
48"
E, 27.61 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 22°
15'
12"
W, 14.14 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 67°
15'
12"
W, 110.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 61°
24'
40"
W, 13.97 feet;
$66°
14'
12"
W, 51.28 feet;
S22°
15'
12"
W, 14.14 feet;
S 67°
15'
12"
W, 220.00 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 67°
44'
48"
W, 14.14 feet;
S 67°
15'
12"
W, 50.00 feet;
N 22°
44'
48"
W, 27.61 feet, to the beginning of a non -tangent curve to the right;
With said non -tangent curve to the right, an arc distance of 86.24 feet, through a central angle of
02° 30' 07", having a radius of 1,975.00 feet, the long chord which bears N 21° 29' 45" W, 86.24
feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
Rio Claro Public Improvement District Petition Page 11 of 24
S 69° 45' 18" W, 296.31 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set in the West
line of said Remainder tract, in the East line of aforementioned Lago Vista at Bonds Ranch;
THENCE with the West line of said Remainder tract and the East line of said Lago Vista at Bonds Ranch,
the following bearings and distances:
N 00°
27'
42"
W, 411.45 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 36°
49'
09"
W, 498.38 feet, to a 1/2" iron rod found;
N 00°
35'
52"
W, 365.01 feet;
S 89°
24'
08"
W, 13.14 feet, to a 1/2" iron rod found;
N 00°
35'
52"
W, 600.02 feet, to a railroad spike found;
N 89°
24'
08"
E, 12.50 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE N 00° 35' 52" W, 360.09 feet, to the POINT OF BEGINNING and containing 2,087,134 square
feet or 47.914 acres of land, more or less.
TRACT 4: (6.231 ac - SAVE & EXCEPT NOTED IN TRACT 2)
BEING that tract of land situated in the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568, Tarranl
County, Texas, and being the same as that Save & Except Tract described in deed to PMBC DEV CO 1
LLC, recorded in Instrument Number D224052883, Official Public Records, Tarrant County, Texas, and
being more particularly described by metes and bounds as follows:
COMMENCING at a 5/8" iron rod with cap stamped "WESTWOOD" set at the Northwest corner of said
PMBC tract, in the South right-of-way line of Bonds Ranch Road (a 120 foot right-of-way) described by
deed to Tarrant County, recorded in Volume 13449, Page 39, and the Northeast corner of the remainder of
that tract of land (Tract I) described by deed to Bonds Ranch Land, LP recorded in Instrument Number
D221038882, both of said County Records;
THENCE departing said South right-of-way line, with the West line of said PMBC and the East line of said
Remainder tract, the following courses and distances:
S 00° 36' 18" E, 27.91 feet, to the beginning of a curve to the right;
With said curve to the right, an arc distance of 122.79 feet, through a central angle of 09° 03' 57",
having a radius of 776.00 feet, the long chord which bears S 03° 55' 40" W, 122.66 feet, to the
beginning of a compound curve to the right;
With said compound curve to the right, an arc distance of 46.85 feet, through a central angle of 07°
40' 47", having a radius of 349.50 feet, the long chord which bears S 12° 18' 02" W, 46.81 feet;
S 16° 08' 25" W, 53.68 feet, to the beginning of a non -tangent curve to the right;
Rio Claro Public Improvement District Petition Page 12 of 24
With said non -tangent curve to the right, an arc distance of 174.31 feet, through a central angle of
17° 31' 19", having a radius of 570.00 feet, the long chord which bears S 24° 54' 04" W, 173.64
feet;
S 33° 39' 44" W, 150.00 feet, to the beginning of a non -tangent curve to the left;
With said non -tangent curve to the left, an arc distance of 405.62 feet, through a central angle of
15° 26' 32", having a radius of 1,505.00 feet, the long chord which bears S 25° 56' 25" W, 404.40
feet;
S 62°
27'
24"
W, 14.28 feet;
S 16°
53'
14"
W, 50.00 feet;
S 28°
40'
55"
E, 14.28 feet;
S 73°
08'
35"
E, 60.02 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set for the POINT
OF BEGINNING;
THENCE over and across said PMBC tract, the following courses and distances:
N61°22'
51"E,
13.98 feet;
S 73°
06'
46"
E, 110.02 feet;
S 28°
45'
51"
E, 14.31 feet;
S 73°
06'
46"
E, 50.02 feet;
N61°
12'
19"
E, 13.98 feet;
S 73°
06'
46"
E, 110.02 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 13°
50'
30"
W, 71.72 feet;
S 10°
38'
58"
W, 55.85 feet;
S07°51'
15"
W, 55.85 feet;
S 05°
03'
33"
W, 55.85 feet;
S 02°
15'
50"
W, 55.85 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S00°31'
53"E,55.85feet;
S03°
19'35"E,55.85feet;
S 06°
07'
18"
E, 55.85 feet;
S 08°
50'
06"
E, 55.74 feet;
Rio Claro Public Improvement District Petition Page 13 of 24
S 12O
31'
22"
E, 50.42 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 13°
39'
32"
E, 61.37 feet;
S 17°
18'
09"
E, 55.85 feet;
S 200
05'
52"
E, 55.85 feet;
S 22°
07'
22"
E, 25.01 feet;
S 22°
44'
46"
E, 37.61 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
$67°
15'
12"
W, 110.00 feet;
N 67°
44'
48"
W, 14.14 feet;
S 67°
15'
12"
W, 50.00 feet;
S22°
15'
12"
W, 14.14 feet;
$67°
15'
12"
W, 110.00 feet;
N 67°
44'
48" W, 14.16 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 22° 44'
48" W, 27.57 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the right;
THENCE with said non -tangent curve to the right, an arc distance of 964.59 feet, through a central angle
of 38° 14' 50", having a radius of 1,445.00 feet, the long chord which bears N 03° 37' 24" W, 946.78 feet,
to the POINT OF BEGINNING and containing 271,422 square feet or 6.231 acres of land, more or less.
TRACT 5: (133.824 ac)
BEING that tract of land situated in the R. GANZARA SURVEY, ABSTRACT No. 563, the T. & P. R. R.
Co. SURVEY, ABSTRACT No. 1568, the J. P. SMITH SURVEY, ABSTRACT No. 1916, and the A. C.
H. & B. SURVEY, ABSTRACT No. 55, Tarrant County, Texas, being a portion of the remainder of those
tracts of land (Tract II and Tract III), as described by deed to Bonds Ranch Land LP, recorded in Instrument
No. D221038882, being all of that tract of land (Tract VI) described by deed to Bonds Ranch Land, LP
recorded in Instrument No. D221105176, all of County Records, Tarrant County, Texas and being more
particularly described by metes and bounds as follows:
BEGINNING at a 5/8" iron rod with cap stamped "BROOKES BAKER" found in the South right-of-way
line of Bonds Ranch Road (a 120' right-of-way) recorded in Volume 13449, Page 39, said County Records,
in the West line of that tract of land (Tract 4) described by deed to Texas Electric Service Company
(hereinafter referred to as TESCO) recorded in Volume 2542, Page 1, said County Records and being the
Northeast corner of said Tract II;
THENCE S 00O 25' 05" W, 551.16 feet, departing said South right-of-way line, with the West line of said
Tract IV and the East line of the remainder of said Tract H, to the Northeast corner of a remainder of that
Rio Claro Public Improvement District Petition Page 14 of 24
tract of land described by deed to Bonds Ranch Investors II, Ltd., recorded in Volume 16030, Page 268,
said County Records;
THENCE departing said West line, with the North, West and South line of said Investors II Remainder
tract, the following bearings and distances:
N 89° 34' 47" W, 360.02 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
S 00° 25' 13" W, 605.03 feet;
S 89° 34' 47" E, 360.05 feet to a 5/8" iron rod with orange cap found in aforementioned TESCO
West line;
THENCE S 000 25' 05" W, at 2074.0 feet, the East corner of a Remainder of said Investors II tract, at 3374.4
feet, the Northeast corner of aforementioned Tract VI, in all a total distance of 3895.47 feet, to a concrete
monument stamped "TESCO" found for the Southeast corner of said Tract VI and being in the North line
of that tract of land described by deed to BKV Midstream, LLC recorded in Instrument No. D222169417,
said County Records;
THENCE S 89° 53' 40" W, at 416.72 feet,. with the South line of said Tract VI and said North line, a 5/8"
iron rod with cap stamped "BROOKES BAKER" found for the Southwest corner of said Tract VI,
continuing with the South line of aforesaid Tract II, in all a distance of 1480.42 feet, to a 5/8" iron rod with
cap stamped "WESTWOOD" set at the Southeast corner of a Remainder of Bonds Ranch Investors II, Ltd.
recorded in Volume 16030, Page 268, said County Records;
THENCE N 00° 06' 20" W, 604.96 feet, with the East line of said Remainder tract, to a 5/8" iron rod found,
at the Northeast corner of said Remainder tract;
THENCE S 89° 53' 40" W, at 174.38 feet, the West line of Investors II tract, being the East line of the
Remainder of that tract of land described by deed to Bonds Ranch Investors II Ltd., recorded in Instrument
No. D204293195, said County Records, in all a total distance of 360.00 feet, to a 5/8" iron rod with cap
stamped "WESTWOOD" set;
THENCE S 00° 06' 20" E, 604.96 feet, with the West line of said Investors II tract recorded in D204293195,
to a 5/8" iron rod with cap stamped "WESTWOOD", set at its Southwest corner, in the South line of said
Tract III, and in the North line of said BKV tract;
THENCE S 89° 53' 40" W, 1480.13 feet, with the South line of said Tract III and the North line of said
BKV tract, to a 7/8" iron rod found in the East right-of-way line of Farm -to -Market Road 1220 (a variable
width State Highway), being the Southwest corner of said Tract III;
THENCE N 14° 02' 29" W, 17.61 feet, with said East right-of-way, to the southerly Southwest corner of
that tract of land described by Correction Deed to PMBC DEV CO 3 LLC, recorded in Instrument Number
D225031405, said County Records;
THENCE N 89° 53' 40" E, 1476.68 feet, departing said East right-of-way, with the South line of said PMBC
tract, to a 5/8" iron rod with cap stamped "WESTWOOD" set for the Southeast corner of said PMBC tract;
Rio Claro Public Improvement District Petition Page 15 of 24
THENCE with the East line of said PMBC tract the following courses and distances:
N 00° 06' 20" W, 604.88 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 89° 53' 40" E, 195.20 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 40' 11" E, 250.87 feet;
N 89° 19' 49" W, 10.00 feet;
N 00° 40' 11" E, 121.49 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a curve to the right;
With said curve to the right, an arc distance of 812.27 feet, through a central angle of 37° 13' 54",
having a radius of 1250.00 feet, and a long chord which bears N 19° 17' 08" E, 798.05 feet to a 5/8"
iron rod with cap stamped "WESTWOOD" set;
N 37° 54' 05" E, 29.11 feet;
S 52° 05' 55" E, 170.30 feet;
N 38° 42' 57" E, 22.02 feet;
S 51° 17' 03" E, 120.00 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 38° 42' 57" E, 601.79 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 51° 17' 03" W, 170.00 feet;
N 38° 42' 57" E, 8.83 feet;
N 51° 17' 03" W, 185.64 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 24° 29' 34" E, 336.77 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 76° 32' 16" W, 348.60 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the
beginning of a non -tangent curve to the left;
With said non -tangent curve to the left, an arc distance of 825.99 feet, through a central angle of
63° 06' 03", having a radius of 750.00 feet, and a long chord which bears N 18° 05' 17" W, 784.87
feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 49° 38' 19" W, 199.10 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set in the South
right-of-way line of said aforementioned Bonds Ranch Road, being the Northeast corner of said
PMBC tract;
THENCE N 41° 21' 07" E, 1377.37 feet, with said South right-of-way line, to a 5/8" iron rod with cap
stamped "BROOKES BAKER" found at the beginning of a curve to the right;
Rio Claro Public Improvement District Petition Page 16 of 24
THENCE, continuing with said South right-of-way, with said curve to the right, an arc distance of 892.50
feet, through a central angle of 35° 30' 42", having a radius of 1440.00 feet, and a long chord which bears
N 59° 06' 28" E, 878.29 feet to the POINT OF BEGINNING and containing 6,047,217 square feet or
138.825 acres, more or less;
SAVE AND EXCEPT THE FOLLOWING DESCRIBED TRACT:
BEING that tract of land situated in the R. GANZARA SURVEY, ABSTRACT No. 563, Tarrant County,
Texas, and being a remainder of that tract of land described by deed to Bonds Ranch Investors II, Ltd.
recorded in Volume 16030, Page 268, County Records, Tarrant County, Texas and being more particularly
described by metes and bounds as follows:
COMMENCING at a concrete monument stamped "TESCO" found in the West line of a tract of land (Tract
4) described by deed to Texas Electric Service Company (hereinafter referred to as TESCO) recorded in
Volume 2542, Page 1, County Records, Tarrant County, Texas, being the Southwest corner of that tract of
land (Tract VI) described by deed to Bonds Ranch Land, LP recorded in Instrument No. D221105176, said
County Records, and in the North line of a tract of land described by deed to BKV Midstream, LLC recorded
in Instrument No. D222169417, both of said County Records;
THENCE N 00° 25' 05" E, 1821.44 feet, with the West line of said TESCO tract and the East line of said
Tract II, to the POINT OF BEGINNING;
THENCE departing said common line, with the Southeast, Southwest, Northwest, and Northeast lines of
said Remainder the following bearing and distances:
S 42° 57' 52" W, 604.98 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER", found;
N 47° 02' 08" W, 360.06 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER", found;
N 42° 57' 52" E, 604.98 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER", found;
THENCE S 47° 02' 08" E, 360.06 feet to the POINT OF BEGINNING and containing 217,829 square feet
or 5.001 acres, more or less, for a Net Area of 5,829,373 square feet or 133.824 acres, more or less.
TRACT 6: (98.837 ac)
BEING that tract of land situated in the R. GANZARA SURVEY, ABSTRACT No. 563, the T. & P. R. R.
Co. SURVEY, ABSTRACT No. 1568, and the J. P. SMITH SURVEY, ABSTRACT No. 1916, Tarrant
County, Texas, being a portion of the remainder of those tracts of land known as (Tract II and HI) described
by deed to Bonds Ranch Land LP, recorded in Instrument No. D221038882, being all of that tract of land
(Tract VI) described by deed to Bonds Ranch Land, LP recorded in Instrument No. D221105176,1105 and a
portion of that tract of land described by deed to PMBC DEV CO 3 LLC recorded in Instrument No.
D225031405, all of the County Records, Tarrant County, Texas, and being more particularly described by
metes and bounds as follows:
COMMENCING at a 5/8" iron rod with cap stamped "BROOKES BAKER" found in the South right-of-
way line of Bonds Ranch Road (a 120' right-of-way) recorded in Volume 13449, Page 39, said County
Records, being the Northeast corner of said Tract II, in the West line of a tract of land (Tract 4) described
Rio Claro Public Improvement District Petition Page 17 of 24
by deed to Texas Electric Service Company recorded in Volume 2542, Page 1, said County Records, the
beginning of a non -tangent curve to the left;
THENCE with said South right-of-way line, with said non -tangent curve to the left, an arc distance of
892.50 feet, through a central angle of 35° 30' 42", having a radius of 1440.00 feet, and a long chord which
bears S 59° 06' 28" W, 878.29 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found;
THENCE S 41° 21' 07" W, 1377.37 feet, continuing with said South right-of-way line, to a 5/8" iron rod
with cap stamped "WESTWOOD" set for the Northeast corner of said PMBC Dev Co 3 LLC tract and
being the POINT OF BEGINNING;
THENCE departing said common line, with the East line of said PMBC Dev Co 3 LLC tract over and across
said Tract II and III the following courses and distances:
S 49° 3 8' 19" E, 199.10 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the beginning
of a curve to the right;
With said curve to the right, an arc distance of 825.99 feet, through a central angle of 63° 06' 03",
having a radius of 750.00 feet, and a long chord which bears S 18° 05' 17" E, 784.87 feet to a 5/8"
iron rod with cap stamped "WESTWOOD" set;
S 76° 32' 16" E, 348.60 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 24° 29' 34" W, 336.77 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 51° 17'03"E, 185.64 feet;
S 38° 42' 57" W, 8.83 feet;
S 510 17' 03" E, 170.00 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 38° 42' 57" W, 601.79 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 51° 17' 03" W, 120.00 feet;
S 38° 42' 57" W, 22.02 feet;
N 52° 05' 55" W, 170.30 feet;
S 37° 54' 05" W, 29.11 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set at the beginning
of a curve to the left;
With said curve to the left, an arc distance of 812.27 feet, through a central angle of 37° 13' 54",
having a radius of 1250.00 feet, and a long chord which bears S 19° 17' 08" W, 798.05 feet to a
5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 40' 11"W, 121.49 feet;
S 89° 19' 49" E, 10.00 feet;
Rio Claro Public Improvement District Petition Page 18 of 24
S 00° 40' 11W, 250.87 feet;
S 89° 53' 40" W, 195.20 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 06' 20" E, 604.88 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set for the
Southeast corner of said PMBC Dev Co 3 LLC tract;
THENCE S 89° 53' 40" W, 1476.68 feet, continuing over and across said Tract III, to the East right-of-way
line of Farm -to -Market Road 1220 (FM 1220) (a variable width State Highway), to the southerly Southwest
corner of said PMBC tract;
THENCE N 14° 02' 29" W, 225.51 feet, to the northerly Southwest corner of said PMBC tract, being the
Southwest corner of a Remainder of said Tract III, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE S 89° 19' 49" E, 1340.81 feet, departing said East right-of-way, over and across said Tract III
Remainder, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE N 00° 40' 11" E, at 634.75 feet, crossing the common line between said Tract II, in all a distance
of 660.19 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
THENCE over and across said PMBC tract the following bearings and distances:
N 89° 19' 49" W, 460.00 feet;
N 00° 40' 11" E, 4.81 feet;
N 89° 19' 49" W, 240.00 feet;
S 00° 40' 11" W, 10.32 feet;
N 89° 19' 49" W, 170.00 feet;
S 00° 40' 11" W, 28.87 feet, an ell corner of said PMBC tract;
THENCE N 89° 34' 14" W, 634.43 feet, departing ell corner, over and across said PMBC tract, to a 5/8"
iron rod with cap stamped "WESTWOOD" set in the aforementioned East right-of-way line of Farm -to -
Market Road 1220 and the West line of said PMBC tract;
THENCE N 14° 02' 29" W, 916.81 feet, with said common line to a 5/8" iron rod with cap stamped
"WESTWOOD" set;
THENCE departing said common line, with the North line of said PMBC tract, the following bearings and
distances:
N 75° 10' 04" E, 1502.86 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 310 48' 22" E, 758.91 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 09° 53' 17" W, 184.84 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
Rio Claro Public Improvement District Petition Page 19 of 24
N 69° 51' 00" W, 182.83 feet, to a 5/8" iron rod with cap stamped "BROOKES BAKER" found in
the South right-of-way line of aforementioned Bonds Ranch Road;
THENCE N 41° 21' 07" E, 729.66 feet, with said South right-of-way line to the POINT OF BEGINNING
and containing 4,305,346 square feet or 98.837 acres, more or less.
TRACT 6A: (0.970 ac)
BEING that tract of land situated in the T. & P. R. R. Co. SURVEY, ABSTRACT No. 1568, and the J. P.
SMITH SURVEY, ABSTRACT No. 1916, Tarrant County, Texas, and being a portion of the remainder of
that tract of land (Tract III) described by deed to Bonds Ranch Land LP, recorded in Instrument No.
D221038882, County Records, Tarrant County, Texas and being more particularly described by metes and
bounds as follows:
COMMENCING at a 7/8" iron rod found in the East right-of-way line of Farm -to -Market Road 1220 (a
variable width State Highway), being the Southwest corner of said Tract III;
THENCE N 14° 02' 29" W, 243.12 feet, with said East right-of-way, to a 5/8" iron rod with cap stamped
"WESTWOOD" set;
THENCE departing said East right-of-way, with the South and East line of the Remainder of said Tract III,
the following bearings and distances:
S 89° 19' 49" E, 1340.81 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 00° 40' 11" E, 634.75 feet, to a 5/8" iron rod with cap stamped "WESTWOOD" set for the POINT
OF BEGINNING;
THENCE S 89° 59' 05" W, 674.91 feet, departing said East line, over and across said Tract III Remainder,
to a 5/8" iron rod with cap stamped "WESTWOOD" set;
S 00° 25' 46" W, 141.24 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N 89° 34' 14" W, 110.00 feet to a 5/8" iron rod with cap stamped "WESTWOOD" set;
N00°25'46"E, 141.19 feet;
N 89° 34' 14" W, 85.14 feet, to the North line of said Tract III Remainder;
THENCE with said North line the following bearings and distances:
N00°40' 11"E,28.87feet;
S 89° 19' 49" E, 170.00 feet;
N 00° 40' 11" E, 10.32 feet;
S 89° 19' 49" E, 240.00 feet;
Rio Claro Public Improvement District Petition Page 20 of 24
S 00° 40' 11W, 4.81 feet;
S 89° 19' 49" E, 460.00 feet;
THENCE S 00° 40' 11" W, 25.44 feet to the POINT OF BEGINNING and containing 42,272 square feet
or 0.970 acres, more or less.
Rio Claro Public Improvement District Petition Page 21 of 24
EXHIBIT B
Property Depiction
[SEE ATTACHED]
Rio Claro Public Improvement District Petition Page 22 of 24
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Rio Claro Public Improvement District Petition Page 24 of 24
1 of 5
MAYOR AND COUNCIL COMMUNICATION
11.1 PID24 RIO CLARO PID ESTABLISHMENT
DATE:09/29/26 M&C FILE
NUMBER:
M&C 26-0841
DEPARTMENT:FWLAB
SUBJECT
(CD 7) Conduct a Public Hearing Regarding the Establishment of Public Improvement District
No. 24 – Rio Claro, Including the Sufficiency of the Petition and the Advisability of the
Improvements and Services to be Undertaken; Declare the Petition to be Sufficient, Adopt a
Resolution Authorizing and Establishing the Rio Claro Public Improvement District; and
Authorize Certain Waivers to the City’s Policy for Capital Improvement Districts (Continued
from a Previous Meeting)
(PUBLIC HEARING - a. Staff Available for Questions: Brady Kirk b. Public Comment c. Council
Action: Close Public Hearing and Act on M&C)
RECOMMENDATION
It is recommended that the City Council:
1.Conduct a public hearing regarding the establishment of Public Improvement District
No. 24 – Rio Claro, including the sufficiency of the attached petition and the
advisability of the improvements and services to be undertaken;
2.Find that the attached petition requesting establishment of the Rio Claro Public
Improvement District meets the requirements necessary for the City Council to
designate the proposed area as a Public Improvement District, pursuant to Chapter
372 of the Texas Local Government Code;
3. Adopt the attached Resolution: (i) making certain findings concerning the nature and
advisability of the special improvements and services to be provided for properties in
the Rio Claro Public Improvement District, the estimated costs of such improvements
and services, the method of assessment, the boundaries of the Rio Claro Public
Improvement District, the apportionment of costs between the Rio Claro Public
Improvement District and the City, as whole; and (ii) authorizing and establishing the
Rio Claro Public Improvement District;
4.Authorize certain waivers to the City’s Policy for Capital Public Improvement Districts
only to the extent indicated herein; and
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5.Direct the City Secretary to file the attached Resolution authorizing and establishing
the Rio Claro Public Improvement District with Tarrant County and Parker County within
seven (7) calendar days after the City Council adopts the attached Resolution, as
required by Chapter 372 of the Texas Local Government Code.
DISCUSSION
The purpose of this Mayor and Council Communication (M&C) is to conduct a public hearing
on the establishment of Public Improvement District No. 24 – Rio Claro (Rio Claro PID). MM Rio
Claro 620, LLC(Developer) entered into an agreement with the City on August 15, 2025, for the
development of 630 acres consisting of parcels known as Rio Claro (Development), located
within the corporate limits of Fort Worth and within Tarrant County pursuant to a
development agreement (City Secretary Contract No. 63816, as it may be amended from
time-to-time) (Agreement). To accomplish the Development envisioned by the Developer
and City and to provide financing for certain improvements, the City and Developer agreed to
work together to create the Rio Claro PID.
The Agreement provides that the Development will be constructed in phases (each an
“Improvement Area”) over a period of up to 45 years and that the Rio Claro PID assessments
and bond issuances will occur for periods up to 30 years for each Improvement Area in order
to reimburse Developer for certain authorized improvements.
On January 6, 2026, the City Council received a petition requesting establishment of the Rio
Claro PID (Petition). On August 11, 2026, the City Council adopted a Resolution accepting the
filling of the Petition and setting a date for this public hearing (Resolution No. 26-6357). The
Petition has been examined, verified, and found by City staff to meet the requirements of
Chapter 372 of the Texas Local Government Code (Code), to substantially comply with the
City’s policy for Capital Public improvement Districts, and to be sufficient for consideration by
the City Council. The Petition is attached hereto and on file with the City Secretary.
Proposed Boundaries: The Rio Claro PID comprises approximately 630 acres of land generally
located south of Bonds Ranch Road and east of Morris Dido Newark Road, as more
particularly described by the metes and bounds on file in the City Secretary's Office for
review.
Nature of the Improvements and/or Services: The general nature of the improvements and
services (collectively, Improvements) to be provided by the Rio Claro PID consist of all items
defined as authorized improvements under the Code and as further defined in both the City’s
Policy for Capital Public Improvement Districts and the agreement entered into between the
City and Developer on August 15, 2025.
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When considering improvements eligible for reimbursement, any infrastructure which will be
ultimately owned by the City will take highest priority. Essential improvements include the
construction of lanes of Bonds Ranch Road along the Property and all lanes of Eagle Mountain
Pkwy adjacent to the Property all at no cost to the City, as each are Developer obligations
defined in the Development Agreement. The following in particular will not be considered as
Improvements: (a) water lines and sanitary sewer lines having a diameter of less than 8”
located in and serving a for sale or rent single-family home, cottage home, and/or
townhome residential subdivision; (b) oversizing of water and sanitary sewer lines in and
serving residential areas without City approval; and (c) local residential streets, as defined
by the Fort Worth Master Thoroughfare Plan.
Advisability of the Improvements: It is advisable to establish the Rio Claro PID to provide the
Improvements (as described above and in the Petition). The Improvements are feasible and
desirable and will promote the interests of the City and will confer a special benefit on the
property in the Rio Claro PID.
Estimated Costs: The total estimated costs of the Improvements is $165,000,000.00, which
consists of the costs of the Improvements, bond issuance costs, legal and financial fees,
credit enhancement costs, and costs incurred in the establishment, administration, and
operation of the Rio Claro PID. The City may finance some portion of the Improvements using
the proceeds of one or more series of bonds issued by the City and secured by assessments
levied against each completed phase of the development with the Rio Claro PID. The annual
cost of Improvements will be determined in accordance with an approved budget and
service plan and will be paid from assessments.
Apportionment of Costs: The City will not be obligated to provide any funds to finance the
Improvements, other than from assessments levied on property within the Rio Claro PID. No
property currently owned by the City will be assessed.
The Rio Claro PID will become effective on the date the Resolution is adopted by the City
Council. The Rio Claro PID may be terminated by action of the City Council following the date
on which all bonds secured by the assessments have been paid off. Notice of this public
hearing was published in the Fort Worth Star-Telegram and mailed to the owners of property
on record and liable for assessment in the Rio Claro PID on August 28, 2026, in accordance
with the Code.
Recommended Policy Waivers: Given the specific circumstances of the Rio Claro
development, staff recommends several waivers of the CPID Policy be approved when the
CPID is formally created:
Waive the requirement that a proposed CPID must consist of at least 1,500 acres in
total developable land area, as the development is roughly 630 acres. The Rio Claro
4 of 5
developer also owns 836 acres in the adjacent Tarrant County Capital PID, north of
Bonds Ranch Road, which relies in part on planned Rio Claro capital improvements.
Waive the requirement that developers requesting establishment of a C-PID with the
intent to issue bonds must identify land to be donated to the respective and
appropriate Independent School District(s).
Waive the limitation the CPID-funded improvements will be restricted to Major
Infrastructure for only the deviations mentioned below; specifically, CPID-funded
improvements in the Rio Claro development may include:
o Major Infrastructure as defined in the Policy for Capital Public Improvement
Districts and Master Thoroughfare Plan
o three collector roads (Round Ridge Road, Dosier Creek Parkway, and Eagle Quill
Road),
o up to lifetime limit of $15M for other internal improvements authorized by State
law; once the $15M is exhausted, assessments may only reimburse costs of
Major Infrastructure as defined by the Policy for Capital Public Improvement
Districts and costs of the collector roads named above
Waive the limitation that CPID assessments shall only be allowed to be levied for a
period of 20 years, allowing the assessment of levies for up to 30 years.
Waive the limitation that any bonds issued for CPID shall specify a maturity date not
longer than 20 years, allowing for a maturity date the lesser of 30 years or the
remaining assessment period for that Improvement Area.
Waive the limitation that debt obligations secured by and payable from CPID
assessments used to reimburse for Major Infrastructure in the CPID shall be limited to a
single issuance or tranche, and allowing separate bond issuances corresponding to
separate improvement areas. Notwithstanding the above language, the City reserves
the right to combine debt issuances for separate improvement areas if multiple or
frequent debt issuances become onerous and this waiver is explicitly limited subject to
that condition.
Waive the requirement that bond financing will only be considered for CPIDs with a
qualified project of $10M or more, with the expectation that individual bond issuances
will be less than $10M but the sum of all issuances will exceed that amount.
Notwithstanding the above language, the City reserves the right to combine debt
issuances for separate improvement areas if multiple or frequent debt issuances
become onerous and this waiver is explicitly limited subject to that condition
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Waive the limitation that no more than one year of interest may be capitalized,
allowing instead that capitalized interest funded by CPID bonds for the Rio Claro
development may be up to two years.
Waive the limitation that not more than 80% of the total cost of capital improvements
may be included in any debt issuance and at least 50% of the direct transactional
costs of debt issuance shall be paid by the applicant without remuneration or inclusion
in the debt financing, allowing instead that 100% of capital improvement costs and
direct transaction costs be funded through assessments and/or bonds.
Waive the requirement that all debt issuances and bond sales for C-PIDs shall coincide
with the City’s annual debt financing plan. Issuance will still be limited by availability of
Fort Worth Mayor and Council calendar and providing for sufficient turnaround time
upon receiving necessary input materials.
Waive the requirement that the estimated appraised value to lien ratio with proposed
capital improvements shall be no less than 3:1 on a parcel by parcel basis, allowing a
value to lien ratio of 2:1 at the level of the entire improvement area.
The proposed Rio Claro PID is located in Council District 7.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION/ CERTIFICATION
The Director of Finance certifies that approval of these recommendations will have no
material effect on City funds.
SUBMITTED FOR CITY MANAGER'S OFFICE BY:Christianne Simmons, # 6222
ORIGINATING BUSINESS UNIT HEAD:Christianne Simmons, # 6222
ADDITIONAL INFORMATION CONTACT:Brady Kirk, # 8712
ATTACHMENTS
1. PID 24 Creation Resolution [11.1.1 - 17 pages]
2. PID Petition - Rio Claro [ Executed] [11.1.2 - 24 pages]
3. Rio Claro PID Summary [06-10-2026] [11.1.3 - 4 pages]