CM-2014-545 - 10/3/2014City of Round Rock
A....AOCK
reins Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a single family residence at 1711 Cushing Street.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/3/2014
Dept Director: Steve Sheets
Cost:
$3,800.00
Indexes:
Attachments:
00312120. P DF
Department:
Legal Department
Text of Legislative File CM -2014-W
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to a single family residence at 1711 Cushing Street.
Staff recommends approval.
Ciry oreound Rock Pagc 1 PdnMd on 9aWO14
LEGAL DEPARTMENT APPROVAL FOR CITY COLINCIUCITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department
Project Mgr/Resource: Steve Sheets
Council Action:
ORDINANCE
City Manager Approval
Project Name: nn
Centraeter/Vender: Paul Hornsby 8 Company
RESOLUTION
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby 8 Company relating to a single family residence at 1711
Cushing Street.
Attorney Approval
Attorney `
Date
O:\wdox\SCClnts\0127\1411\MISC\00312126.XLS Updated 6/3/08
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Homsby, MAI, SRA, CRE Joseph MrAweeney, State Certified
David J. Englund, MAI, SRA Katie Daniewic,, State Certified
Eli Hanslik, MAI Mayhew Cox, Appraiser Trainee
Lance Lawson, MAI Kimberly Garvey. Litigation Analyst
ends Hornsby, MAI Tend Boi Business Manager
Clifford Shaw, State Cetldfled Jennifer Beardsley, Administrative Assistant
Melany Adler, State Cerited
September 24, 2014
Steve Norwood
Round Rock City Manager
c/o Lisa Dworaczyk
ROW Acquisitions
Sheets & Crossfield, P.C.
221 E. Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to a single family residence at 1711 Cushing Street, Round
Rock, Texas
Dear Mr. Norwood:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terns of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting Standards:
A single family residence at 1711 Cushing
Street, Round Rock, Texas.
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Establishing a basis for acquisition of the
property.
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
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
CM 701 -645
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 2-2a of USPAP.
Fee: $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:
MAI Staff Appraisers: $250/hour
State Certified Appraisers: $200/hour
Research Staff: $150/hour
Completion: Estimated at two — three (2-3) weeks from
your written authorization to proceed.
If these terms are acceptable, please indicate by executing this agreement and returning one copy to
me. 1 look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
Paul Hornsby, MAI, SRA, CR
Accepted:
City ound Ro k
y: Date
Lo„'.: c "alty