CM-2018-1737 - 6/1/2018PAUL HO NSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Ell Hanstk, MAI
Chris Homsby, MAI
Melany Adler, MAI
Katie Daniewicz. MAI
Clifford Shaw, ASA
May 29, 2018
City of Round Rock
c"o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Matthew Cox, Stale Certified Appraiser
Kimberly Garvey, Appraiser Trainee
Justin Sims, Appraiser Trainee
Jason Thomas, Appraiser Trainee
Caitlin Warren, Appraiser Trainee
Tem Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Re: Proposal for appraisal services relating to six properties (Parcels 14, 15, 17, 18, 19, & 20)
located in Round Rock, Texas along the proposed Kenney Fort Boulevard alignment.
Dear Mr. Sheets:
As requested, 1 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
(Parcels 14, 15, 17, 18, 19, & 20) located 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
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512477-6311 s
(Fax) 512477-1793
&,f --2-v19-(-737
Fee:
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 six Appraisal Reports 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: $310/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 I lornsby & Company
Paul Hornsby, MAI, SRA
Accepted:
Date
City of Round Rock
1 `�
City of Round Rock
ROURO
TXAr'-- CK 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: 6/1/2018
Dept Director: Steve Sheets
Cost: $25,500.00
Indexes: RR Transportation and Economic Development Corporation (Type 8)
Attachments: 00402012.PDF, 00402061.PDF
Department: Legal Department
Text of Legislative File CM -2018-1737
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. The
initial proposal was for 6 parcels which had been prioritized to procceed, this 2nd proposal
is for the next 6 parcels that are ready to move forward with acquisitions.
Cost: $25,500.00
Source of Funds: RR Transportation and Economic Development Corporation
City of Round Rack Page i Printed on 5/31/2018