Page 277 - Grapevine FY22 Adopted Budget v2

ORDINANCE NO. 2021- 045

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS, SETTING THE ANNUAL TAX RATE
FOR TAX YEAR 2021 LEVYING TAXES TO BE ASSESSED
ON ALL TAXABLE PROPERTY WITHIN THE LIMITS OF THE
CITY OF GRAPEVINE, TEXAS; PROVIDING PENALTIES
AND INTEREST FOR THE DELINQUENT TAXES;
DECLARING AN EMERGENCY AND PROVIDING AN
EFFECTIVE DATE

WHEREAS, THE City Council of Grapevine, Texas has approved an operating
budget for the fiscal year 2021 - 2022 ( FY 2022), in compliance with appropriate state laws
and the Charter of the City of Grapevine; and

WHEREAS, public hearings were held on the FY 2022 budget and all interested
parties were given an opportunity to be heard for or against any item contained therein;
and

WHEREAS, a public hearing was held regarding the 2021 proposed ad valorem tax
rate since The City's proposed tax rate is greater than the calculated No New Revenue
Rate but below the calculated Voter Approval rate; and

WHEREAS, an ad valorem tax rate of $ 0. 271811 per $ 100 valuation has been
considered for tax year 2021; and

WHEREAS, all constitutional and statutory prerequisites for the approval of this
ordinance have been met, including but not limited to the Open Meetings Act and Chapter
211 of the Local Government Code; and

WHEREAS, the City Council deems the adoption of this ordinance to be in the best
interests of the health, safety, and welfare of the public.

NOW THEREFORE, BE IT ORDAINED 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 a tax rate is hereby levied upon all taxable property in the City of
Grapevine, Texas for tax year 2021 at a rate of twenty- seven eighteen and eleven one
hundreds cents ($ 0. 271811) per one hundred dollars ($ 100. 00) valuation.

Section 3. That there shall be and there is hereby levied the following taxes on each
one hundred dollars ($ 100. 00) valuation on all taxable property within the City of

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