CM-2019-0156 - 5/24/2019FAWIPAUL HORNSBY & CO °�PANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
EI Hanstik, MAI
Chris Hornsby. MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
Matthew Cox. State Certified Appraiser
May 17,2019:
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
Terri Bowden, Business Manager
Hansi Holzhammer, Administrative Support
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating the Arbor Pointe Event Center located at 655 E Palm
Valley Blvd., Round Rock, TX.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
The Arbor Pointe Event Center located at
655 E Palm Valley Blvd., Round Rock, TX.
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Establishing a basis for acquisition of the
property.
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
7600 N. Capital of Texas Highway r Building B, Suite 210 • Austin, Texas 78731 • 512477-6311 •
(Fax)512-477-1793
cm_2 oe q- direr
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.
Fm $6,500, 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 $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 -Survey
Complete the Assignment -Site Plan
(as available): -Building floor plans and elevations
-Inspection reports
-Year-end 2017, 2018 and year to date 2019
income/expense statements
-Lease (if any)
-Title commitment
-Any offers to buy or sell the property
within the last three years
Completion: Estimated at 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:
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Date
City of Round Rock
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By: ,amity Manager
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KTrXA Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to the Arbor Pointe Event Center located at 655 E. Palm
Valley Road.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 5/24/2019
Dept Director: Rick Atkins/Katie Baker
Cost: $6,500.00
Indexes: 2014 General Obligation Bonds
Attachments: LAF-00424274.PDF, Proposal-00424251.PDF, Exhibit-00424278.PDF
Department: Parks and Recreation Department
Text of Legislative File CM -2019-0156
The proposal is for appraisal services requested by Park Development Manager Katie Baker
to be used in evaluation of a potential purchase of a portion of the Arbor Pointe Event Center
property.
Cost: $6,500.00
Source of Funds: 2014 General Obligation Bonds
Cityof Round fleck Page i Printed on W2412019