On January 9, 2019, representatives of the property owners NP-OV Fort Worth Project 1, LLC, submitted an application for full-purpose annexation. The 150.62 acres, consisting of 115.026 acres of owner-initiated land and 35.589 acres of right-of-way, is situated in Denton County within the City of Fort Worth extraterritorial jurisdiction, north of Intermodal Parkway and south of Highway 114 off of FM 156, see map Exhibit A. The proposed annexation area is currently vacant land. The property is proposed for industrial uses, and the proposed zoning is " K" Heavy Industrial.
City Plan Commission voted, on February 27, 2019, to approve a recommendation to the City Council for the full-purpose annexation of AX-19-001. This proposed owner-initiated annexation has one companion case. The related zoning case (ZC-19-039) was heard by the Zoning Commission on March 6, 2019 and voted to recommend approval of "K" Heavy Industrial zoning by City Council. The proposed voluntary annexation abuts 35.589 acres of right-of-way which is being proposed to be annexed.
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. Therefore, due to the ability of the area to meet the City's criteria for full-purpose annexation, Staff recommends approval of the requested owner-initiated annexation, AX-19-001.
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.