Page 256 - Grapevine Budget FY21

RESOLUTION NO. 2020- 013

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2020 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE

WHEREAS, on or by July 25, 2020, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and provided to the Grapevine City Council the Tax
Rolls for 2020 with a total appraised value of$ 15,359,590,492 and having a net taxable
value of$ 9,411, 012,077. Tarrant County provided certified values while Dallas and Denton
Counties provided certified estimates. Certified values will be provided at a later date; 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

WHEREi4S, 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 BYTHE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS:

Section 1. That all matters stated in the preamble are true and correct and are
incorporated herein as if copied in their entirety.

Section 2. That the Certified Tax Rolls value for the tax year 2020 for the City of
Grapevine, Texas be and hereby approved in the amount of $ 15, 359, 590,492 for total
appraised value.

Section 3. That the certified net taxable value (total appraised value less
exemptions) of$ 9,411, 012, 077 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 $462,022, 885 has been assigned to this

property and $ 225,877, 343 in properties not on the rolls, for a total of$ 687, 900,228 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 4th day of August, 2020.

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