The Settlers Glen Developers Agreement between New Fairview and Beaten Path Development, LLC was approved on January 10, 2022 (annexation of 157.22 acres for the development was also approved). The Preliminary Plat was approved on October 3, 2022. Clearing, excavation, and grading began in March 2024. Settlers Glen is located on the north side of FM407 across from Fairview Airport on the west boundary and Saddlebrook Court on the east boundary. Development will consist of 171 residential lots with an average lot size of 24,536 square feet (for reference 21,780 sq. ft. equals a half-acre). Public water will be aquifer sourced (ground well water) with infrastructure and service provided by Aqua Texas. Sewage will be individual lot, aerobic septic, “On-Site Sewage Facilities” (OSSF); Texas Commission On Environmental Quality (TCEQ) and New Fairview OSSF ordinance 2010-04-152 compliant.*
Nine lots(42.33 acres total) will be open space areas owned and maintained by the HOA. One open area, located directly across FM407 from the airport runway, is a FAA approved Runway Protection Zone (RPZ). This is a trapezoidal shaped ground level clear area to provide for safe takeoffs and landings.
Financials- Buildout of the 171 lots will generate $653,167 in road impact fees ($3819.69 per single family dwelling). This fund supports our Capital Improvement Plan to improve or build designated thoroughfare roads (info link below).
A full buildout of Settlers Glen could have a tax value assessment of $85,500,000. With a conservative guesstimate average of $500,000 per property ($500,000 X 171= $85,500,000 total valuation). Example of tax revenue possible is $220,601. Calculated, 85,500,000 X .00258013= $220,601 in annual ad valorem tax revenue; at the current rate of .258013 per $100 assessed valuation.
Developers Agreement link
Preliminary Plat link
PP image #2 link
CIP and Impact Fee info link, see page 40 thru 91.
*This will be the last development in New Fairview allowed to have OSSF with a minimum half acre lot size. We are waiting (19 months so far) for TCEQ approval to amend the New Fairview OSSF ordinance that has been in effect since July 30, 2010. New Fairview has asked TCEQ for permission to enforce a more stringent OSSF lot size requirement of one acre (Denton and Wise Counties enforce a one acre minimum lot size with OSSF).
NF OSSF ordinance link