CM-2018-1937 - 11/9/2018PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Eli Hanslik, MAI
Chris Hornsby, MAI
Melany Adler. MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
Matthew Cox, State Certified Appraiser
October 31, 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
Tem Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relalting to t«o properties (Parcels 17 & 21) 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:
Purpose of the Appraisal:
Use of the Report:
Two properties (Parcels 17 & 21) located
along Gattis School Road.
To estimate just compensation for the
proposed acquisitions as of the date of
inspection.
Establishing a basis 1'or partial acquisition of
the properties.
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 . 512477-6311 •
(Fax) 512477.1793
N4_201r--1137
Appraisal & Reporting Standards: The :appraisals will be developed and the
reports will be prepared in confonnity 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 .vill be set forth
in two Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
€ L2c: $9.000 ($4,500 each), payable incrementally
upon deliNery 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 an} improvements need to be
:appraised, the fee will rc% ised 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: $4I51hour
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 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 Radley. City Mana
City of Round Rock
ROUND ROCK21 Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to Gattis School Rd. Phase 6 project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/9/2018
Dept Director: Steve Sheets
Cost: $9,000.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: 00412742.PDF, 00412574.PDF
Department: Leqal Department
Text of Legislative File CM -2018-1937
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
to Gattis School Rd. Phase 6 project.
The proposal is for appraisal services for Parcels 17 & 21 (not previously appraised)
required for construction of this proposed roadway project.
Cost: $9,000
Source of Funds: RR Transportation and Economic Development Corporation (Type B)
City of Round Rock Page 1 Printed an f 182018