CM-2014-549 - 10/10/2014City of Round Rock
ROUNDROIX
Texns Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a 2.382 acre tract of land improved with a single
family residence and detached garage located at 1700 Gattis School
Road.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date:
10/10/2014
Dept Director:
Steve Sheets
Cost:
$4,500.00
Indexes:
Attachments:
00312614.PDF, 00312645.PDF
Department:
Legal Department
Text of Legislative File CM -2014-549
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to a 2.382 acre tract of land improved with a single family residence and
detached garage located at 1700 Gattis School Road.
Staff recommends approval.
MWOROURd Rack Pagel PH.W. 10 04
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCILICITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal Project Name: Appraisal Services
Project Mgr/Resource: Steve Sheets ContractorNendor: Paul Hornsby & Company
Council Action:
ORDINANCE RESOLUTION
rxx�city Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a 2.382 acre tract of land improved
with a single family residence and detached garage located at 1700 Gattis School Road.
xney Approval
ElAttorney <
Date /6 2 0
O:\wdoz\SCClnts\0112\1400\MISC\00312614.XLS Updated 6/3/08
PAUL HORNSBY & COMPANY
LaAPPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA, CREW Joseph McAweeney, State Cenifed
[avid J. Englund, MAI, SRA Katie Daniewfcz, Slate Certified
Eli Hanslik, MAI Matthew Cox, Appraiser Trainee
Lance Lawson, MAI Kimberly Garvey, Litigation Analyst
Chris Hornsby, MAI Terri Bowden, Business Manager
Clifford Shaw, State Certified Jennifer Beardsley, Administrative Assistant
Melany Adler, State Certified
October 2, 2014
Laurie Hadley, City Manager
City of Round Rock
c/o Steve Sheets
309 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to a 2.382 acre tract of land improved with a single
family residence and detached garage located at 1700 Gattis School Road, Round Rock, Texas
78664.
Dear Ms. Hadley:
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: A 2.382 acre tract of land improved with a
single family residence and detached garage
located at 1700 Gattis School Road, Round
Rock, Texas 78664.
Purpose of the Appraisal: To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Use of the Report: Establishing a basis for acquisition of the
property.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
CM-ZC31-1 - eddcl
Appraisal & Reporting Standards: 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.
Fee:
$4,500, payable upon delivery of the report.
The fee will cover without limitation, the
initial assignment, updates, meetings,
depositions, mediation, arbitration, trial and
preparation for testimony. Time subsequent
to the appraisal will be billed at the
following hourly rates:
Paul Hornsby: $250/hour
Staff Appraisers: $150-$200/hour
Information Necessary to
-Survey
Complete the Assignment
-ROW plans and profile
(as available):
-Title commitment
-Any offers to buy or sell the property
within the last three years
Completion:
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
P �t�
Paul Hornsby, MAI, SRA, CR
Accepted:
Date
City of Round Rock
By. Lau G loge
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