Moderate Density Master-Planned Community (MPC) Scenario - Assumes the development of a moderate density mixed-use project, including all types of residential as well as office, retail, and golf uses.

The build-out of this scenario is expressed below:
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The following assumptions were made regarding revenues and expenditures for the City of Fort Worth:

Tax Rates: the property tax rates are:
- Fort Worth: $0.865/$100 for all
property types

Taxable items: In addition to the value of commercial property, an additional 50 percent has been added to all
commercial values to account for
personal property (e.g., computers and other taxable equipment). The Fort
Worth actual personal property values approximate 100% of the real property values.

Occupancy Types: For the purposes
of the fiscal impact analysis, the
assumption was made that all
residents were permanent primary
residents.

Development Period: It is assumed
that there will be a development
period prior to Year 1 for lot
preparation and project
infrastructure completion. Year 1
assumes that lot inventory is
available and that the housing units
listed are completed in that year.
The related property tax is assumed
to be collected in the following year
(i.e., taxes for housing units
completed in Year 1 are collected in
Year 2).

Revenues and Expenditures per
Capita and per Employee: In order
to calculate the amount of revenue
produced and expenditures incurred by Fort Worth from the
development, assumptions needed
to be made regarding how much
each additional resident and
employee affects the town budget:
- The first step in this process was
to figure out which revenues and expenditures in the City of Fort
Worth’s budget would be directly affected by the project. On the
revenue side, residential and
commercial property taxes can be measured by estimating the
project's value. As such, the
property tax calculation was
eliminated from the per capita/per employee calculations.
- In order to accurately perform the per capita and per employee
calculations, these "apples and
oranges" needed to be converted into common units. The common unit used is "resident equivalent."

Resident equivalent units are
measured by examining the presence of residents in the town in eight-hour segments throughout the course of the year. So a permanent resident is present for all three eight-hour
segments for the entire year and an on-site employee is present for one eight-hour segment for 240 working days during the year.
- From the City of Fort Worth's
budget, ERA calculated the amount of revenues (excepting property
taxes) and expenditures that resident equivalent produces. These amounts were then applied to the resident
equivalents in order to estimate total revenues and expenditures resulting from new residents and employees.

Average Household Size: The
population of the project was estimated by applying an average household size to single and multi-family housing units. These figures are:
- Single Family Units: 2.75 persons
per household
- Multi-Family Units: 1.75 persons per
household

Square Foot per Employee: The
calculation of on-site employment was tied directly to the amount of square
feet by type of space. ERA reviewed
national averages for employment
density in order to determine square
foot per employee measures for each
type of commercial space. These
measures are expressed in the table
below:

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All of the above assumptions, combined with the program developed by the
Walsh Ranch Development Team,
provide the basis for ERA's fiscal impact analysis models. The net fiscal impact amounts for Fort Worth depend
completely on these assumptions.