CM-2018-1938 - 11/9/2018PAUL HORTSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI SRR
Eii Hanslik, MAI
Chris Hornsby, MAI
Melany Ad er, MAI
Katie Daniewiez, MAI
Clifford Shaw, ASA
Matthew Cox_ State Certified Appraiser
October 29, 2018
City of Round Rock,
c: -'o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Kimberly Garvey, Appraiser Trainee
Justin Sims, Appraiser Trainee
Jason Thomas, Appraiser Trainee
Caitlin Warren, Appraiser Trainee
Jake Kane, Analyst
Terri Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating to two properties located along Westview Drive and
Gattis School Road, Round Rock, TX.
Dear Mr. Sheets:
As requested, 1 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:
Purpose of the Appraisal:
Use of the Report:
Two properties located along Westview
Drive and Gattis School Road.
To estimate just
proposed easement
date of inspection.
compensation for the
acquisitions as of the
Establishing a basis for partial acquisition of
the properties.
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512477-6311 •
(Fax)512-477-1793
CM 2 aid 1�3�
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 two Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
Fuc: $9,000 ($4,500 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 any 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: $415.1 -'hour
MAI Staff Appraisers: $3 I O/ hour
State Certified Appraisers: $205;;hour
Land Planning: $210/hour
Research Staff. $1 b0;'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 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:
Date
City of Round Rock
By: Laurie I ley, City M ager
City of Round Rock
' FE AS ROS` Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to Gattis School Wastewater improvement project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/9/2018
Dept Director: Steve Sheets
cost: $9,000.00
Indexes: Self -Financed Wastewater Construction
Attachments: 00412743.PDF, 00412414.PDF
Department: Leqal Department
Text of Legislative File CM -2018-1938
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
to Gattis School Wastewater improvement project.
The proposal is for appraisal services for 2 wastewater easement parcels required for
construction of this proposed utility extension project.
Cost: $9,000
Source of Funds: Self -Financed Wastewater Construction
C11y o/ Round Rock Paye 1 Printed on 11/8/2019