Page 270 - Grapevine FY22 Adopted Budget v2

RESOLUTION NO. 2021- 010

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, APPROVING THE TAX ROLLS FOR
TAX YEAR 2021 ON PROPERTY WITHIN THE CITY; AND
PROVIDING AN EFFECTIVE DATE

WHEREAS, on or by July 26, 2021, the Chief Appraisers of the Tarrant, Dallas and
Denton Appraisal Districts approved and provided to the Grapevine City Council the Tax
Rolls for 2021 with a total appraised value of $ 15, 023, 080, 040 and having a net taxable
value of$ 10, 351, 254,676; 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 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 2021 for the City of
Grapevine, Texas be and hereby approved in the amount of $ 15, 023, 080,040 for total
appraised value.

Section 3. That the certified net taxable value ( total appraised value less
exemptions) of$ 10, 351, 254,676 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 $238,438,040 has been assigned to this
property while a minimum value$ 137, 698, 476 in properties not on the rolls has also been
assigned for tax rate calculation 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 3rd day of August, 2021.

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