CM-2017-1497 - 10/20/2017Paul Hornsby, MAI, SRA
Ell Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
October 10, 2017
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
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
Tem Bowden, Business Manager
Hansa Holzhammer, Administrative Support
Re: Proposal for appraisal services relating to 209-211 Brown Street, 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:
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting Standards
0.234 acre of vacant land located at 209-211
Brown Street, Round Rock, Texas.
To estimate the current market value of the fee
simple interest in the subject property.
To establish a basis for disposition.
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.
The results of our analysis will be set forth in an
Appraisal Report as defined by Standards Rule 2-
2(a) of USPAP.
7600 N. Capital of Texas Highway a Building B, Suite 210 • Austin, Texas 78731 •512-477-6311 •
(Fax)512-477-1793
Fcc:
Completion:
$3,800, 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: $250/hour
Research Staff. $150/hour
Administrative Staff. $75/hour
Estimated at 30 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,
Paul Hornsby & Company
Paul Hornsby, MAI, SRA
Accepted:
City of Round Rock hh
By: Date
City of Round Rock
ROUND ROCK
j TEXA Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to 209-2011 Brown Street.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/20/2017
Dept Director: Laurie Hadley
Cost: $3,800.00
Indexes: General Fund
Attachments: 00387805.PDF, 00387845.PDF
Department: Administration
Text of Legislative File CM -2017-9497
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
to 209-2011 Brown Street.
Cost: $3,800
Source of Funds: General Fund
City of Round Rack Paye t Printed an 1011912017