Page 272 - Grapevine FY22 Adopted Budget v2

RESOLUTION NO. 2021- 011

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

WHEREAS, On August 3, 2021, the City Council approved the Certified Tax Rolls
provided by the Tarrant, Dallas and Denton County Appraisal Districts; and

WHEREAS, The City's appointed Tax Assessor Collector is the Tax Assessor
Collector of the Grapevine- Colleyville Independent School District; and

WHEREAS, The City' s appointed Tax Assessor Collector has calculated the 2021
No New Revenue Tax Rate and 2021 Voter Approval Tax Rate in accordance with Senate
Bill 2 provisions using certified values; and

WHEREAS, The City has calculated the 2021 Proposed Tax Rate using certified
values required to obtain Fiscal Year 2022 budgeted revenues; and

WHEREAS, The City' s 2021 Proposed Tax Rate of 0. 271811 per $ 100 is greater
than the 2021 No New Revenue Rate of 0. 270644 per$ 100 and less than the 2021 Voter
Approval Tax Rate of 0. 284638 per $ 100; 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 2021 Proposed Tax Rate of 0. 271811per $ 100 is hereby
approved for use in calculating budgeted revenue for fiscal year 2022.

Section 3. 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 17th day of August, 2021.

272