CM-2017-1473 - 9/11/2017PAUL HORNSBY & COMPANY
O APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Eli Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
September 5, 2017
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield
309 E. Main Street
Round Rock, Texas 78664
Matthew Cox, State Certified Appraiser
Kimberly Garvey, Appraiser Trainee
Justin Sims, Appraiser Trainee
Jason Thomas, Appraiser Trainee
Caitlin Warren, Appraiser Trainee
Terri Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Re: Proposal for appraisal services relating to a +/- 3 acre tract of land improved with a
residential style building at 920 Luther Place, Round Rock, Texas
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised: A +/- 3 acre tract of land improved with a
residential style building at 920 Luther Place,
Round Rock, Texas.
Purpose of the Appraisal: To estimate the market value of the fee simple
interest in the subject property as of the date of
inspection.
Use of the Report:
To establish a basis for possible acquisition.
Appraisal & Reporting Standards: The appraisal will be developed and the report
will be prepared in conformity with and subject to
the requirements of the Uniform Standards of
Professional Appraisal Practice (USPAP) of the
Appraisal Foundation and the Code of
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
&N(-2.0/7-/4(-73
Professional Ethics and the Standards of
Professional Appraisal Practice of the Appraisal
Institute.
The results of our analysis will be set forth in an
Appraisal Report as defined by Standards Rule 2-
2(a) of USPAP.
Fee: $5,500, payable upon delivery of the report.
Time subsequent to the initial assignment,
including, without limitation, updates, meetings,
depositions, mediation, arbitration, trial and
preparation for testimony, will be paid monthly,
as incurred, at the following hourly rates:
Paul Hornsby: $395/hour
MAI Staff Appraisers: $295/hour
State Certified Appraisers: $195-$225/hour
Land Planning: $175/hour
Research Staff: $150/hour
Administrative Staff. $75/hour
Completion: Estimated at 3 weeks, from your written
authorization to proceed.
If these terms are acceptable, please indicate by executing this agreement and returning one copy
to me. I look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
paluio
Paul Hornsby, MAI, SRA
City of Round Rock
Accepte .
,,�rGl.au Date
City of Round Rock
1j'ROUNIOROCK
XAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a +/- 3 acre tract of land at 920 Luther Peterson Place
owned by SPJST.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 9/8/2017
Dept Director: Steve Sheets
Cost: $5,500.00
Indexes:
Attachments: 00385309.PDF, 00385338.PDF
Department: Leqal Department
Text of Legislative File CM -2017-1473
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
to a +/- 3 acre tract of land at 920 Luther Peterson Place owned by SPJST.
Cost: $5,500
Source of Funds: Luther Peterson Place
City of Round Rock Page 1 Printed on 9/7/2017