CM-2019-0070 - 3/15/2019PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Ell Hanslik. MAI
Chris Hornsby. MAI
Melany Adler, MAI
Katie Daniewicz. MAI
Clifford Shaw, ASA
Matthew Cox, State Certified Appraiser
March 11, 2019
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 relating to Parcels 19, 20 and 24 on 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:
Parcels 19, 20 and 24 located along Gattis
School Road.
To estimate just compensation for the
proposed acquisitions as of the date of
inspection.
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
0"- D14,0a--7a
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 three Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
l� ee: $4,500 each ($13,500 total), 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
appraisal, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul Hornsby
$425/hour
MAI Staff Appraisers
$325/hour
Land Planning Services
$225/hour
State Certified Appraisers
$215/hour
Appraiser Trainees
$185/hour
Research Staff
$165/hour
Administrative Staff
$ 85/hour
Information Necessary to -Surveys
Complete the Assignment •Title commitments
-Any offers to buy or sell the properties
(as available):
Completion:
within the last three years
Estimated at 30-45 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: City of Round Rock
Date By: - pie -FI I#ey ity Manager
City of Round Rock
JAR,OUN�D ,�ROCK 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: 3/15/2019
Dept Director: Steve Sheets
Cost: $13,500.00
Indexes:
Attachments: LAF.PDF, Proposal for Appraisal Services.PDF
Department: Legal Department
Text of Legislative File CM -2019-0070
The proposal is for appraisal services for Parcels 19, 20 and 24 (not previously appraised)
required for construction of this proposed roadway project.
Cost: $13,500
Source of Funds: RR Transportation and Economic Development Corporation
City of Round Rock Page 1 Printed on 3/14/2419