Notice of Public Hearing Regarding the Proposed Establishment of Fort Worth Public Improvement District No. 24 – Rio Claro Pursuant to Section 372.009(c) and (d) of the Texas Local Government Code, as amended (the "Act'), notice is hereby given that the City Council of the City of Fort Worth, Texas (the "City"), will hold a public hearing to accept public comments and discuss the petition (the "Petition") filed by the persons identified in the Petition (collectively, the "Petitioners"), requesting that the City create a public improvement district (the "District'). Date, Time and Place of the Hearing. The public hearing will start at or after 6:00 P.M, September 15, 2026, at City Hall, 100 Fort Worth Trail, Fort Worth, Texas 76102. The City Council is expected to take final action and vote on the proposed establishment on September 15, 2026, but it may be continued to another meeting at the discretion of the City Council. General Nature of the Proposed Authorized Improvements. The general nature of the proposed public improvements (collectively, the "Authorized Improvements") may include: (i) street and roadway improvements, including related sidewalks, drainage, utility relocation, signalization, landscaping, lighting, signage, off-street parking and right-of-way; (ii) establishment or improvement of parks and open space, together with the design, construction and maintenance of any ancillary structures, features or amenities such as trails, playgrounds, walkways, lighting and any similar items located therein; (iii) sidewalks and landscaping, including entry monuments and features, fom1tains, lighting and signage; (iv) acquisition, construction, and improvement of water, wastewater and drainage improvements and facilities; (v) projects similar to those listed in subsections (i) - (iv) above authorized by the Act, including acquisition of land or right-of-way or similar off-site projects that provide a benefit to the property within the District; (vi) special supplemental services for improvement and promotion of the District as approved by the City including services related to advertising, promotion, health and sanitation, water and wastewater, public safety, security, business recruitment, development, recreation, and cultural enhancement; or as otherwise authorized by the Act; (vii) payment of costs associated with developing, financing, operating, and maintaining the public improvements listed in subparagraphs (i) - (vi) above, and costs of establishing, administering and operating the District. These Authorized Improvements shall promote the interests of the City and confer a special benefit upon the Property. Estimated Cost of the Authorized Improvements. The estimated cost to design, acquire, and construct the Authorized Improvements, together with bond issuance costs (including but not limited to the funding of any capitalized interest and reserve funds), eligible legal and financial fees, eligible credit enhancement costs and eligible costs incurred in the establishment administration and operation of the District is One Hundred Sixty Five Million and 00/100 Dollars ($165,000,000.00). The City will pay none of the costs of the proposed improvements from funds other than such assessments. The remaining costs of the proposed improvements will be paid from sources other than the City or assessments of property owners. Proposed District Boundaries. The District is proposed to include property owned by the Petitioners consisting of approximately 630 acres of property generally located south of Bonds Ranch Road and east of Morris Dido Newark Road, Tarrant County, Texas, and within the corporate limits of the City, as more particularly described by a metes and bounds description available at the Fort Worth City Hall and available for public inspection. Proposed Method of Assessment. The City shall levy assessments on each parcel within the District in a manner that results in imposing equal shares of the costs on property similarly benefited. All assessments may be paid in full at any time (including interest and principal), and certain assessments may be paid in annual installments (including interest and principal). If an assessment is allowed to be paid in installments, then the installments must be paid in amounts necessary to meet annual costs for those Authorized Improvements financed by the assessment and must continue for a period necessary to retire the indebtedness of those Authorized Improvements (including interest). Proposed Apportionment of Cost between the District and the City. The City will not be obligated to provide any funds to finance the Authorized Improvements, other than from assessments levied on the District and possible tax increment reinvestment zone revenue. No municipal property in the District shall be assessed. The Petitioner may also pay certain costs of the improvements from other funds available to the Petitioner. During the public hearing, any interested person may speak for or against the establishment of the District and the advisability of the improvements to be made for the benefit of the property within the District. ** Si necesita esta carta en Español, por favor llamar al (817) 392-1234 ** IPL0368759 Aug 28 2026