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Public Improvement District Fund
PID #16 – Walsh Ranch/Quail Valley
FUND SUMMARY
Change from
FY2020 FY2021 FY2021 FY2022
FY2021 Adopted
Final Adopted Adjusted Adopted Amount %
Other Tax 788,886 468,900 468,900 856,961 388,061 82.76%
Use of Fund Balance - - 1,248,664 10,840 10,840 0.00%
Revenue $ 788,886 $ 468,900 $1,717,564 $ 867,801 $ 398,901 85.07%
Gen Operating & Maintenance 40,739 468,900 1,717,564 867,801 398,901 85.07%
Expenses $ 40,739 $ 468,900 $1,717,564 $ 867,801 $ 398,901 85.07%
FUND PURPOSE AND GOALS
Public Improvement District #16 – Walsh Ranch/Quail Valley was created by resolution by the Mayor and City
Council on September 27, 2016 to provide a mechanism to fund infrastructure associated with the Walsh Ranch
development. The Walsh Ranch/Quail Valley PID shall continue in effect until all obligations of indebtedness have
been fully satisfied and discharged. Comprising 1,703.57 acres of land, the PID is generally located north of the
intersection of Interstate Highway 20 and Interstate Highway 30, east of Farm to Market Road 1187, south of Old
Weatherford Road, and west of the Parker County – Tarrant County boundary line.
The funds collected during the fiscal year will be paid to the developer as part of the city’s commitment to acquire
the infrastructure previously installed within the development.
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