On April 10, 2018, Boaz Holdings Limited Partnership submitted an application for full-purpose annexation of 136.90 acres in Tarrant County, located west Bailey Boswell Road, south of Park Drive, and east of Boat Club Road. The proposed annexation is in an enclave surrounded by Fort Worth city limits and contains vacant land proposed for residential and commercial development, see map exhibit A. Annexation of the area is consistent with the enclave and urban development criteria in the City's annexation policy.
The City Plan Commission voted on May 23, 2018 to recommend full-purpose annexation of this area to the City Council. On April 25, 2018, the City Plan Commission approved the preliminary plat (PP-18-013) for 427 single-family detached lots, 3 commercial lots and 11 private open space lots. The companion zoning case (ZC-18-081) is scheduled for City Council action immediately following the annexation action on September 11, 2018.
The proposed uses were considered while assessing the financial impact to the General Fund. The City tax revenue is expected to have a positive fiscal impact over the next 10 years after the proposed development is built. Based on the operating costs projected from the Police, Code Compliance and Transportation and Public Works Departments, the fiscal impact shows a slightly negative annual effect to the General Fund for the first year, but will have a positive impact thereafter.
If annexed for full-purposes the area will become part of COUNCIL DISTRICT 7.
This M&C does not request approval of a contract with a business entity.