CM-2015-729 - 4/03/2015City of Round Rock
ROUND ROCK
Trx�s Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to four (4) tracts of land on the Lake Creek Wastewater
Easement Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 4/3/2015
Dept Director: Steve Sheets
Cost: $11,900.00
Indexes:
Attachments: 00332086.PDF, 00332085.PDF
Department: Legal Department
Text of Legislative File CM -2015-729
Consider executing a proposal for appraisal services by Paul Hornsby 8 Company relating to four (4)
tracts of land on the Lake Creek Wastewater Easement Project.
Staff recommends approval.
Cay e1RowOltock Pogo 1 Rlnra4on 1gaR013
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCILICITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal Project Name: Lake Creek Wastewater Easement Project
Project Mgr/Resource: Steve Sheets Contractor/Vendor: Paul Hornsby & Company
Council Action:
ORDINANCE RESOLUTION
[71aty Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to three (4) tracts of land on the Lake
Creek Wastewater Easement Project.
Attorney Approval
Attorney 7r -)on ( Date 3.30• IS
O:\wdox\SCClnts\0199\1490\MISC\00332086.XLS Updated 613108
. PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA, CRE Joseph MrAweeney, State Cer ifetl
David J. Englund, MAI. SRA Katie Daniewi¢, State Certified
Eli Hanslik, MAI Ma Plum Cox, Appraiser Trainee
Lance Lawson, MAI Kimberly Garvey, Appraiser Trainee
Chris Hornsby, MAI Tem Bollen, Business Manager
Cliacrd Shaw, Stale certified Jennifer Beardsley, Administrative Assistant
Melany Adler, Slate CeNaetl
March 26, 2015
Don Childs
Sheets & Crossfield, L.L.P.
309 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to Parcels 4, 5, 6 and 7, Lake Creek wastewater
project, Round Rock, TX.
Dear Mr. Childs:
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:
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting Standards:
Parcels 4, 5, 6 and 7, lake Creek
wastewater project, Round Rock, TX.
To estimate just compensation for
easement acquisitions out of the subject
properties.
Establishing a basis for partial acquisition
of the properties.
The appraisals will be developed and the
reports will be prepared in conformity
with and subject to the requirements of
the Uniform Standards of Professional
Appraisal Practice (USPAP) of the
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-4776311 • (Fax) 512-477-1793
CM- 001-5- -t aq
Appraisal Foundation and the Code of
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: Parcel 4:
$3,800
Parcels 5,6:
$4,300
Parcel 7:
$3,800
Total:
$11,900
Time spent after the initial assignment,
including updates, meetings, depositions,
mediation, arbitration, trial and
preparation for testimony, will be billed
at the following rates:
Paul Hornsby: $300/hour
MAI Staff Appraisers: $250/hour
State Certified Appraisers: $200/hour
Information Necessary to
-Survey
Complete the Assignment
-Site Plan
(as available):
-Title commitment
-Any offers to buy or sell the properties
within the last three years
Completion:
The first parcel appraisal will be
completed within two weeks, and the
final appraisal, within 45 days 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,
PPaaunull Hornsby & Company
J
Paul Hornsby, MAI, SRA, C
Accepted:
Date
City of Round Rock
By: Laurie L6&ey