Future homebuyers in Rio Claro, a new master-planned community proposed for far northwest Fort Worth, would carry an extra financial obligation for decades: a special assessment layered on top of regular property taxes to fund $165 million in roads, utilities, and other infrastructure.
According to Informal Report IR 26-0077, presented at last week’s council work session, the proposed Capital Public Improvement District (CPID)—a financing tool the city already uses at Walsh Ranch, Rock Creek Ranch, and Veale Ranch—would cover roughly 630 acres in Council District 7 in the far northwest corner of the city.
Assessments under a CPID are charged to property owners after the sale of lots, meaning the obligation transfers to buyers when they purchase in the district…