CM-2015-738 - 4/10/2015City of Round Rock
eoxNo soca Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to property located NE Corner of US Highway 79 and
Joe DiMaggio Blvd. (neans tract)
Type: City Manager Item
Governing Body:
City Manager Approval
Agenda Date:
4/10/2015
Dept Director:
Steve Sheets
Cost:
$4,500.00
Indexes:
Attachments:
00332479.PDF, 00332480.PDF
Department:
Legal Department
Text of Legislative File CM -2015-738
Consider executing a proposal for appraisal services try Paul Hornsby & Company relating to property
located NE Corner of US Highway 79 and Joe DiMaggio Blvd. (neans tract)
Staff recommends approval.
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LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal Project Name: Appraisal Services
Project 1119dResOUme: Don Childs Contractor/Vendor: Paul Hornsby & Company
F-1CDuncil Action:
ORDINANCE RESOLUTION
QCity Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relabng to property located NE Corner of US
Hghway 79 and Joe DiMaggio Blvd. (neans tract)
Attorney Approval T1 "I
®Attorney Nom- Date
O:\wdox\SCClnW0199\718MREALESTATE\00332479.XLS Updated 6/3/08
. PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA, CRE Joseph McAveeney, State CediRed
David J. Englund, MAI, SRA Katie Daniesnu, State Cued
Ell Hanslik, MAI Matthew Cox, Appraiser Trainee
Lance Lawson, MAI Kimberly Garvey, Appraiser Trainee
Chris Hornsby, MAI Tem Borden, Business Manager
Clifford! Shaw, State certified Jennifer Beardsley, Administrative Assistant
Melany Adler, State Certified
April 2, 2015
Laurie Hadley, City Manager
City of Round Rock
c/o Don Childs
Sheets & Crossfield, L.L.P.
309 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating a vacant tract of land located at the northeast comer
of US Highway 79 and Joe DiMaggio Boulevard, Round Rock, Texas.
Dear Ms. Hadley:
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 vacant tract of land located at the
northeast comer of US Highway 79 and Joe
DiMaggio Boulevard, Round Rock, Texas.
Purpose of the Appraisal: To estimate the market value of the fee
simple interest in the subject property and
adequate compensation for a partial
acquisition as of the date of inspection.
Use of the Report: Establishing a basis for partial acquisition of
the property.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758. 512477-6311 • (Fax) 512477-1793
CM -00115`138
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
Professional Ethics and the Standards
of
Professional Appraisal Practice of
the
Appraisal Institute.
Paul Hornsby: $300/hour
The results of our analysis will be set forth
in an Appraisal Report as defined
by
Standards Rule 2-2(a) of USPAP.
Information Necessary to
Fee:
$4,500, payable upon delivery of the report.
Time spent after the initial assignment,
including, without limitation, updates,
meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly 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 property
within the last three years
Completion:
Estimated at three 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,
//PJaunull Hornsby & Company
Paul Hornsby, MAI, SRA, C
Accepted:
tlo-l5
Date
City of Round Rock
By: Laurie Hadl
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