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Council approves fiscal plan for 130-acre Barker Lane annexation package
Summary
Franklin City Council voted to adopt the fiscal plan (Resolution 20-26-02) for a proposed 130-acre Barker Lane annexation package on March 2, 2026, clearing the way for later votes on annexation and rezoning pending adherence to the fiscal findings and the developers' written commitments.
Franklin City Council on March 2, 2026, adopted the fiscal plan for the proposed 130‑acre Barker Lane annexation package, approving Resolution 20‑26‑02 in a roll-call vote that the clerk recorded as unanimous.
City staff planning lead Joanna Tennell told the council the package includes an annexation, two rezonings and a companion fiscal plan prepared by Peters and Franklin LTD; the plan estimated the city’s annual cost to serve the development at $624,565.75 and projected annual property‑tax revenue at $308,566 under the plan’s valuation assumptions.
The fiscal…
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