On July 9, 2018, representatives of the property owners Stream Realty Acquisition, LLC submitted an application for full-purpose annexation. The 76.713 acres is situated in Tarrant County within the City of Fort Worth extraterritorial jurisdiction, north and along Highway 114, west of I-35 and east of FM 156, see map exhibit A. The proposed annexation area is currently mostly vacant land with one gas pad site. The property is proposed for industrial type development, and the proposed zoning is "K" Heavy Industrial.
The City Plan Commission voted on August 22, 2018 to recommend full-purpose annexation of this area to City Council. The companion zoning case (ZC-18-134) went to the Zoning Commission on August 8, 2018. The commission recommended approval, and the zoning case is scheduled for City Council action immediately following the annexation action on September 11, 2018.
The proposed use was 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 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.
Subchapter C-3 of Chapter 43 of the Texas Local Government Code (LGC) provides for the process of annexation of an area upon a request of an owner of land. Section 43.0672 of the LGC requires a municipality that elects to annex an area upon the request of an owner first negotiate and enter into a written agreement with the owners of land in the area for the provision of municipal services.
The agreement must include:
(1) a list of each service the municipality will provide on the effective date of the annexation, and
(2) a schedule that includes the period within which the municipality will provide each service that is not provided on the effective date of the annexation.
The municipal services agreement includes these provisions in accordance with state law.
The property affected by this Municipal Services Agreement is adjacent to COUNCIL DISTRICT 7.