CM-2018-1992 - 12/7/2018PAUL 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
November 14, 2018
City of Round Rock,
c o Ste% a Sheets
Sheets & Crossfield, P-('-
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 a tract of land located at 3400 Vista Hills Drive,
Round Rock, TX.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terrns of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
A tract of land Iocated at 3400 Vista Hills
Drive, Round Rock, TX.
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Internal evaluation
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
7600 N. Capital of Texas Highway a Building B, Suite 210 • Austin, Texas 78731 a 512477-6311 •
(Fax)512-477-1793
C1/4 -2v1S-- /e /-,2
FSC
Information Necessary to
Complete the Assignment
(as available):
Completion:
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.
$4,500, payable upon delivery of the report
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
-survey
-Title commitment
-Any offers to buy or sell the property
within the last three years
Estimated at 30 days from your written
authorization to proceed.
If these tenns are acceptable, please indicate by executing this agreement and returning one copy
to me. 1 look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
PO.4�v I
Paul Hornsby, MAI, SRA
Accepted:
,O - l
Da to
City of Round Rock
By: Laurie Hadley', City M ger,
City of Round Rock
ROUND ROCK
TExAS Agenda Item Summary
Agenda Number:
Title: Consider City Manager approval fo appraisal services relating to a tract of
land located at 3400 Vista Hills Drive.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 12/7/2018
Dept Director: Laurie Hadley
Cost: $4,500.00
Indexes:
Attachments: Hornsby appraisal Vista Hills Drive
Department: City Manager's Office
Text of Legislative File CM -2018-1992
This parcel of land is owned by the City and was at one time a potential site for a fire station
which is no longer viable. The City would like to get it appraised to put the property on the
market.
Cost: $4,500
Source of Funds: General Funds
Cky of Round Rock Page 1 Printed on 12/11/2018