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Council approves Walsh Ranch annexation; staff projects long-term net revenue
Summary
The council closed the public hearing and approved full-purpose annexation AX23009 (Walsh Ranch), a roughly 239-acre residential annexation; staff projected a cumulative net positive fiscal impact by year 40 of about $63 million.
The Fort Worth City Council closed a public hearing and acted April 22 on AX23009, an owner-initiated full-purpose annexation commonly referred to as Walsh Ranch in Planning Area 5.
Planning staff (Derek, planning staff) reported that the annexation site comprises approximately 239 acres of land plus about 25 acres that include a portion of Interstate 20, located in Parker County in a future Council District 3. The applicant is listed as Qual Valley Devco 5 LLC. Staff said the annexation is consistent with the comprehensive plan's land-use designations (single-family residential, low-density residential and open space) and that the zoning proposed is a planned development with low-density residential uses.
The Fort Worth lab fiscal impact analysis presented by staff indicated a cumulative net positive impact of roughly $5.4 million by year 5 and approximately $63 million at full build-out by year 40, after accounting for expenditures tied to the annexation. Staff also cited compliance with state law section 43.0672 related to annexations.
Council member Crane moved to close the public hearing and act on the matter; the motion was seconded and the record shows the motion carried. The recorded remarks did not list a roll-call vote or breakdown of member votes. The municipal service agreement execution and ordinance adoption were among the actions described as authorized by the council during the item.
The applicant was present for questions; staff indicated related zoning and planning cases date back to 2003 for the site. No additional fiscal specifics or construction timelines were recorded in the council remarks reviewed for this summary.
