CM-2018-1699 - 4/27/2018PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI„ SRA Matthew Cox, State Certified Appraiser
Eli Hanshk, MAI Kimberly Garvey, Appraiser Trainee
Chris Hornsby, MAI Justin Sims, Appraiser Trainee
Melany Adler, MAI Jason Thomas, Appraiser Trainee
Katie Daniewicz, MAI Caitlin Warren, Appraiser Trainee
Clifford Shaw, ASA Terri Bowden, Business Manager
Hansi Holzhammer, Administrative Support
April 17, 2018
City of Round Rock
c.:'o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to six properties located in Round Rock, Texas along
the proposed Kenney Fort Boulevard alignment.
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:
Appraisal services relating to six properties
Iocated in Round Rock, Texas along the
proposed Kenney Fort Boulevard alignment.
To estimate compensation for partial
acquisitions of the subject properties as of
the date of inspection.
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
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 •5I2-477-6311 •
(Fax) 512477-1793
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Fee:
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 six Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
$25,500 ($4,250 each), payable
incrementally upon delivery of each report.
These fees are predicated on the assumption
that only the land component of each
property will be appraised and the primary
improvements are not impacted by the
proposed acquisition. Should improvements
need to be appraised the fee will revised to a
mutually agreeable amount.
All time spent subsequent to the initial
appraisals, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul Hornsby: $415/hour
MAI Staff Appraisers: $3 l 0/hour
State Certified Appraisers: $205/hour
Land Planning: $210/hour
Research Staff. $160:`hour
Administrative Staff: $80/hour
Information Necessary to -Survey
Complete the Assignment -Title commitment
(as available):
Completion:
Estimated at 60 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:
-J/ _
Date
City of Round Rock
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to Kenney Fort Segments 2 & 3 project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 4/27/2018
Dept Director: Steve Sheets
Cost: $25,500.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: 00399909.PDF, 00399510.PDF
Department: Legal Department
Text of Legislative File CM -2018-1699
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
to Kenney Fort Segments 2 & 3 project.
There are a total of 20 parcels required for construction of this proposed roadway project.
13 of those parcels will need appraisals to assist with purchase offers and acquisition.
This initial proposal is for 6 parcels which have been prioritized to proceed, and the
remainder will follow in a separate proposal after additional background work has been
completed.
Cost: $25,500
Source of Funds: RR Transportation and Economic Development Corporation
City of Round Rock Pape 1 Printed on 4/2d/2018