Page 218 - Fort Worth City Budget 2019

Public Improvement District Fund

PID #17 – Rock Creek Ranch

FUND SUMMARY

Change from
FY2017 FY2018 FY2018 FY2019 FY2018 Adopted
Final Adopted Adjusted Adopted Amount %
Other Tax - - - 151,060 151,060 100.00%
Transfer In - - 45,000 - - 0.00%
Use of Fund Balance - - - 49,440 49,440 100.00%
Revenue $ - $ - $ 45,000 $ 200,500 $ 200,500 100.00%

Gen Operating & Maintenance - - 45,000 200,500 200,500 100.00%
Expenses $ - $ - $ 45,000 $ 200,500 $ 200,500 100.00%

FUND PURPOSE AND GOALS

The Rock Creek Ranch Public Improvement District #17 was established for a 20-year term in 2016, expiring in
2037 as a means to assist in financing infrastructure costs associated with Tarleton State University. It is
anticipated that the property will be developed to include approximately 4,917 single family residential homes;
2,520 multi-family residential units; 3,780,000 square feet of commercial space and 960,000 square feet of public
university space.

The Rock Creek Ranch PID funds collected in fiscal year 2019 will be used to pay debt obligations associated with
the financings issued by the City for infrastructure.

218