Page 247 - FortWorthFY23AdoptedBudget

Public Improvement District Fund

PID #17 – Rock Creek Ranch

FUND SUMMARY

Change from
FY2021 FY2022 FY2022 FY2023
FY2022 Adopted
Final Adopted Adjusted Adopted Amount %
Other Tax 1,677,000 1,750,000 3,485,000 1,735,000 (15,000) -0.86%
Use of Fund Balance - 23,867 66,467 42,600 18,733 78.49%
Revenue $ 1,677,000 $ 1,773,867 $ 3,551,467 $ 1,777,600 $ 3,733 0.21%

Gen Operating & Maintenance 79,360 1,773,867 3,551,467 1,777,600 3,733 0.21%
Expenses $ 79,360 $ 1,773,867 $ 3,551,467 $ 1,777,600 $ 3,733 0.21%

FUND PURPOSE AND GOALS

Public Improvement District (PID) #17 - Rock Creek Ranch 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 during the fiscal year will be used to pay debt obligations associated
with the financings issued by the City for infrastructure.

Due to the separation of the adoption process and proceedings for Public Improvement Districts from the City,
Rock Creek Ranch PID #17 was not yet officially adopted as of the date of publication of the FY2021 Adopted
Budget and Program Objectives Document. The data shown above is the latest estimate available at the time of
publication and is provided for transparency purposes. Additional information may be obtained upon request
from the City of Fort Worth.

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