CM-2017-1522 - 10/27/2017Paul Hornsby, MAI, SRA
Ell Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Kafe Danlewlcz. MAI
Clifford Shaw, ASA
October 16, 201
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
City of Round Rock
c'o Aneil Naik
Development Construction Manager
221 East Main
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to a 1.3
W. Anderson Avenue, Round Rock, Texas
Dear Mr. Naik:
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
1.5 acre tract of land on the north line of
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned abo� e. Terms of the assignment are summari?ed below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting Standards:
A 1.3 -- 1.5 acre tract of land on the north line of
W. Anderson Avenue, Round Rock, Texas.
To estimate the current market value of the fee
simple interest in the subject property.
Establishing a basis for a property exchange with
Round Rock Independent School District.
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,
7600 N. Capital of Texas Highway * Building B, Suite 210 s Austin, Texas 78731 • 512477-6311 •
(Fax)512-477-1793
The results of our analysis will be set forth in an
Appraisal Report as defined by Standards Rule 2-
2(a) of USPAP.
Fee: $4,000, payable upon delivery of the report.
The fee is based on the appraisal of land only and
does not include the portable buildings on site.
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
Completion: Estimated at one week from receipt of the
property survey.
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
L.� 7 /(7
By: Date
City of Round Rock
TEOP
XAM, OC1 Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a 1.3 -1.5 acre tract of land on the north line of W.
Anderson Avenue.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/27/2017
Dept Director: Chad McDowell, General Services Director
Cost: $4,000.00
Indexes: 2014 General Obligation Bonds
Attachments: Proposal, LAF
Department: General Services Department
Text of Legislative File CM -2017-1522
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
to a 1.3 -1.5 acre tract of land on the north fine of W. Anderson Avenue.
With this proposal the City will get an appraisal report on the current market value of the
subject property. This is a Library proposed site.
Cost. $4,000.00
Source of Funds: 2014 General Obligation Bonds
City of Round Rock Page i Pdnted on 162&2017