R-2018-5726 - 8/9/2018 RESOLUTION NO. R-2018-5726
WHEREAS, the City of Round Rock desires to retain professional appraisal services relating
to twenty-one (2 1)tracts of land on the proposed Gattis School Road Expansion Project, and
WHEREAS, Paul Hornsby & Company has submitted an engagement letter to provide said
services, and
WHEREAS, the City Council desires to enter into said engagement letter with Paul Hornsby &
Company,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Mayor is hereby authorized and directed to execute on behalf of the City an
engagement letter with Paul Hornsby & Company for appraisal services relating to twenty-one (21)
tracts of land on the proposed Gattis School Road Expansion Project, a copy of same being attached
hereto as Exhibit"A" and incorporated herein for all purposes.
The City Council hereby finds and declares that written notice of the date, hour, place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution and the subject matter
hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act,
Chapter 551, Texas Government Code, as amended.
RESOLVED this 9th day of August, 2018.
zl";o
CRA MOR N, Mayor
City of Round Rock, Texas
ATTEST:
4t4-
SARA L. WHITE, City Clerk
0112.1804;00406516
LEX:HIBIT
„A„
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby,MAI,SRA Kimberly Garvey,Appraiser Trainee
Eli Hanslik,MAI Justin Sims,Appraiser Trainee
Chris Hornsby,MAI Jason Thomas,Appraiser Trainee
Melany Adler,MAI Caitlin Warren,Appraiser Trainee
Katie Daniewicz,MAI Jake Kane,Analyst
Clifford Shaw,ASA Terri Bowden,Business Manager
Matthew Cox,State Certified Appraiser Hansi Holzhammer,Administrative Support
Cynthia Stevens,Administrative Support
July 10. 2018
City of Round Rock,
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Kock, Texas 78664
Re: Proposal for appraisal services relating to 21 properties located along Gattis School Road,
Round Rock, TX.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the
properties captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised: Twenty one (21) properties located along
Gattis School Road (see attached
spreadsheet).
Purpose of the Appraisal: To estimate just compensation for the
proposed acquisitions as of the date of
inspection.
Use of the Report: Establishing a basis for partial acquisition of
the properties.
7600 N.Capital of"Texas 1-fighway # Building B,Suite 210 • Austin,Texas 78731 • 5 12-477-631 1 •
(Fax)512-477-1793
Appraisal & Reporting Standards: 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
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 21 Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $1.00,500 (see attached), 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 with the exception of
two properties. Should additional
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 -Surveys
Complete the Assignment -Title commitments
(as available): -Any offers to buy or sell the properties
within the last three years
Completion: Estimated at 60-75 days 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.
Respecttolly Submitted,
Paul l--lornsby & Company
Paul Hornsby, MAI, SRA
Accepted: City of Round Rock
Date By: Laurie Hadley, City Manager
Land Size Imp Size Assessed
Parcel Tax ID Owner Address (Acreage) (SF) YOC Value Property Type Description Improvements in Taking Appraisal type Comments
Proposed Fee
1 R066471 Fellowship at Forest Creek 3415 Gattis School Road 5.32 0 / $378,893 Land None Land Component $4,500
2 R066472 Howard Lee III&Janis Newby Land with site
Parham 3467 Gattis School Road 5.339 2,935 1977 $415,000 Residential Gravel driveway&fencing $4,500
improvements
3 R066473 Victorio L&Maria L Tostado 3473 Gattis School Road 5.32 2,188 1977Land with site
$632,441 Residential Gravel driveway&fencing $4,500
improvements
4 R066474 Stuart B&Diana M Mccurdy 3509 Gattis School Road 5.2 3,204 1979Land with site
$625,743 Residential Concrete driveway&fencing $4,500
improvements
5 R066475 Ramswaroop&Resmi Land with site
Surendran 3517 Gattis School Road 5.32 2,344 1980 $548,679 Residential Asphalt driveway&fencing $4,500
improvements
6 R066476 Douglas E Martin 3525 Gattis School Road 5.32 2,177 1980Land with site
$542,334 Residential Asphalt driveway $4,500
improvements
7 R369795 Mary B Chittim 3000 Bradford Park N/A 1,787 2000 $222,636 Residential None Land Component $4,500
10 R442343 Wayne C Pulliam 3601 Gattis School Road 2.46 3,458 2014 $402,974 Residential Equipment station,fencing, Land Component Equipment station
$5,500
driveway easement
11 R426214 Faith Baptist Church 3625 Gattis School Road 2.39 10,000 2002Land with site
$2,161,083 C4 Church Asphalt driveway $4,500
improvements
12.1 R418046 Community Homeowners
Association of Lake Forest Inc 2793 Lake Forest Dr 0.112 0 / $300 Land Neighborhood subdivision sign Land with site $4,500
improvements
12.2 R417978 Community Homeowners
Association of Lake Forest Inc 2298 Fernspring Drive 0.76 0 / $300 Land None Land Component
13 R402054 Menfi A Management 3639 Gattis School Road 3.016 0 / $1,002,407 Land None Land Component $4,500
14 R350015 High Country Inv LP 3701 Gattis School Road 2.006 13,262 2012 $3,277,661 C4 Gas Station/CS/ Asphalt driveway Land with site $4,500
Restaurant improvements
16 R427408 WSP Development#1 LTD 3710 Gattis School Road 0.965 0 / $618,545 Land Power lines Land with site $4,500
improvements
18 R427406 Compass Bank 3740 Gattis School Road 0.977 2982Land with site
$1,515,034 C2 Bank Concrete sidewalk $4,500
improvements
22 R427405 JOMR LLC 3760 Gattis School Road 0.798 2,857 2002 $1,003,897 C4 Jack in the box Concrete sidewalk&jack in the Land with site $4,500
box marquis improvements
23 R427404 HEB Grocery Company LP 3780 Gattis School Road 1.24 3,237 2002 $1,676,000 C4 HEB gas station Concrete driveway/HEB Gas Land with
site $4,500
price sign improvements
25 R475071 KAF II Development 2881 Red Bud Lane 2.09 3,496 2005Concrete driveway/Shell gas Will need land
$2,100,756 C4 Shell gas station lot Commercial $7,500
sign/parking
planning services
26 R475072 Market Plaza LLC 3810 Gattis School Road 1.629 7,500 2004Various Land with site
$2,763,462 C4 Asphalt driveway $4,500
businesses
improvements
27 R492986 MGCC Texas Enterprises LLC 3880 Gattis School Road 0.803 1,566 2008 Sonic sign,1 parking spot,sliver Will need land
$827,925 C4 Sonic Commercial $6,500
of drive thru planning services
28 R492985 Clinton J&Terri Autrey 3900 Gattis School Road 5.335 75,000 2000 $1,731,092 C3 Mobile home Land with site
Concrete driveway
storage improvements $4,500
29 R491982 Aerals Family LP Gattis School Road 0.8794 0 / $323,598 Land None Land Component $4,500
Total
$100,500