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HomeMy WebLinkAboutRES 2011-054 RESOLUTION NO. 2011-54 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE, TEXAS APPROVING THE TAX ROLLS FOR 2011 ON PROPERTY WITHIN THE CITY; AND PROVIDING AN EFFECTIVE DATE WHEREAS, on July 26, 2011, the Chief Appraisers of the Tarrant, Dallas and Denton Appraisal Districts approved and certified to the Grapevine City Council the Tax Rolls for 2011 with a total appraised value$9,117,376,099.00 and having a net taxable value of$5,912,257,208.00. 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 2011 for the City of Grapevine, Texas be and hereby approved in the amount of $9,117,376,099.00 for total appraised value. Section 3. That the certified net taxable value (total appraised value less exemptions) of$5,912,257,208.00 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 $129,132,803.00 has been assigned to this property and $115,060,323.00 in properties not on the rolls, for a total of$6,156,450,334.00 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 16th day of August, 2011. APPROVED: _14-).)...,...— William D. Tate Mayor ATTEST: Lind Huff City Secretar APPROVED AS TO FORM: 0111111*Ati21 • Doug onner, Assistant City Attorney RES. NO. 2011-54 2