CM-2018-1939 - 11/9/2018PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
EI', 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
Terri Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Cynthia Stevens, Administrative Support
Re: Amended proposal for appraisal services relating to Parcel 26 on Gattis School Road, Round
Rock, TX.
Dear Mr. Sheets:
As requested, I am pleased to provide this amended proposal for appraisal services relating to the
property captioned above. This proposal is an amendment to our July 10, 2018 proposal and is
the result of the need to appraise the property as improved due to a loss of parking in the
acquisition. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
Parcel 26 located along Gattis School Road.
To estimate just compensation for the
proposed acquisition as of the date of
inspection.
Establishing a basis for partial acquisition of
the property.
7600 N. Capital of Texas Highway + Building B, Suite 210 • Austin, Texas 7$731 • 512477-6311 •
(Fax)512477-1793
N - 2-bd- 11245
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: $8,500, payable upon delivery of the report.
This fee replaces that in our original
proposal which was for the land component
only.
All time spent subsequent to the initial
appraisal, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul I lornsby: $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 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 1 iornsby & Company
/0
Paul Hornsby, MAI, SRA
Accepted:
. I L4 -y- t
Date
City of Round Rock
By: Laurie a ley, City ger
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing an amended proposal for appraisal services by Paul
Hornsby & Company relating to Gattis School Rd. Segment 6 project (Parcel
26).
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/9/2018
Dept Director: Steve Sheets
Cost: $8,500.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: 00412575.PDF, 00412744.PDF
Department: Legal Department
Text of Legislative File CM -2018-4939
Consider executing an amended proposal for appraisal services by Paul Hornsby &
Company relating to Gattis School Rd. Segment 6 project (Parcel 26).
A proposal for appraisal services for Parcel 26 on the Gattis School Seg. 6 project was
approved on August 9, 2018. This amended proposal includes the additional costs
required to appraise the subject as an improved property due to the loss of parking in the
acquisition required for construction of this proposed roadway project.
Cost: $8,500
Source of Funds: RR Transportation and Economic Development Corporation (Type B)
City of Round Rock Page 1 Printed on 11/8/2018