Page 293 - City of Fort Worth Budget Book

Fiduciary Funds Walsh Ranch Trust

FUND SUMMARY

Chg from PY Adopted
FY2023 FY2024 FY2024 FY2025
Final Adopted Adjusted Rec. Amount %
Revenues
Property Tax $ — $ — $ — $ — $ — 0.0 %
Sales Tax — — — — — 0.0 %
Other Tax — — — — — 0.0 %
License & Permits — — — — — 0.0 %
Intergovernmental — — — — — 0.0 %
Charge for Service — — — — — 0.0 %
Fines & Forfeitures — — — — — 0.0 %
Use of Money & Property — — — 1,500,000 1,500,000 0.0 %
Special Assessments — — — — — 0.0 %
Other — — — — — 0.0 %
Transfer In — — — — — 0.0 %
Proceeds From Debt — — 500,000 — — 0.0 %
Use of Fund Balance — — — — — 0.0 %
Total Revenues — — 500,000 1,500,000 1,500,000 0.0 %

Expenses
Salaries & Benefits — — — — — 0.0 %
Gen Operating &
Maintenance — — — — — 0.0 %
Capital Accts — — — — — 0.0 %
Debt Service Accts — — — 1,500,000 1,500,000 0.0 %
Transfer Out & Other — — 500,000 — — 0.0 %
Contra Accounts — — — — — 0.0 %
Project Budget Account — — — — — 0.0 %
Total Expenses — — 500,000 1,500,000 1,500,000 0.0 %

Grand Total $ — $ — $ — $ — $ — 0.0 %

FUND PURPOSE AND GOALS
The Walsh Ranch/Quail Valley Public Improvement District (PID) is comprised of approximately 7,000 acres, of
which approximately 1,700 acres constitute the District, and is located on I-30, twelve miles west of the City’s
downtown. When completed, the Walsh development is expected to consist of commercial, mixed-use, office,
industrial and single-family residential uses, along with approximately 2,300 acres of open space and 32 miles of
hike and bike trails. Walsh Ranches and the Republic Property Group are developing the property within the
District as the initial single-family residential community within Walsh. The Republic Property Group created Quail
Valley I, Quail Valley II, Quail Valley III, and Quail Valley VLO to purchase from Walsh Ranches and develop the
land within Improvement Area #1, Improvement Area #2, and Improvement Area #3, respectively. It is expected
that The Republic Property Group will continue to create additional single-purpose entities to purchase and
develop the land within the Future Improvement Areas.

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