Cobblestone Manor

The city council is being asked to deny a request from Fort Worth Leased Housing Associates III, LP for a 50% property tax exemption under Texas Tax Code Section 11.1825 for the Cobblestone Manor affordable housing development, on the grounds that the city cannot afford the resulting loss of ad valorem tax revenue.

…on 11.1825 of the Texas Tax Code for an Affordable Housing Development Known as Cobblestone Manor, Located at 8201 Sartain Drive, Fort Worth, TX 76120 and Determine the City Can…