Page 238 - Grapevine FY19 Operating Budget

RESOLUTION NO. 2018- 060

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2018 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE

WHEREAS, on or by July 25, 2018, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax
Rolls for 2018 with a total appraised value of $ 13, 559, 435, 077 and having a net taxable
value of $ 8, 730, 311, 903; and

WHEREAS, all legal prerequisites for the adoption of this resolution have been met,
including but not limited to the Local Government Code and the Open Meetings Act; and

WHEREAS, the City Council hereby declares that the approval of this resolution is in
the best interests of the health, safety, and welfare of the public.

NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:

Section 1. That all matters stated hereinabove are found to be true and correct
and are incorporated herein by reference as if copied in their entirety.

Section 2. That the Certified Tax Rolls value for the tax year 2018 for the City of
Grapevine, Texas be and hereby approved in the amount of $ 13, 559, 435, 077 for total
appraised value.

Section 3. That the certified net taxable value ( total appraised value less
exemptions) of $ 8, 730, 311, 903 is approved.

Section 4. That in addition to the value shown in Section 3 above, the Chief
Appraisers have prepared a list of all properties pending disposition before the Appraisal
Review Board. A projected minimum value of $ 186, 008, 985 has been assigned to this
property and $ 193, 952, 830 in properties not on the rolls, for a total of$ 379, 961, 815 used
for budget purposes.

Section 5. That this resolution shall take effect from and after the date of its
passage.

PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 7th day of August, 2018.

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