CM-2019-0340 - 10/31/2019PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Ell Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Danlewicz, MAI
Clifford Shaw, ASA
Matthew Cox, State Certified Appraiser
Leslie Persia. AICP. Director of Land Planning
Rey Gonzalez, Professional Engineer, Cost Estimator
October 29, 2019
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Justin Sims, Appraiser Trainee
Jason Thomas, Appraiser Trainee
Caitlin Warren, Appraiser Trainee
Jake Kane, Appraiser Trainee
Kim Hussey, Appraiser Trainee
Garrett Lynch, Appraiser Trainee
Terri Bowden Nolker, Business Manager
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating a 2.967 acre tract of vacant land located along the
north line of E Old Settlers Blvd., just west of N Red Bud Ln.
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:
A 2.967 acre tract of vacant land located
along the north line of E Old Settlers Blvd.,
just west of N Red Bud Ln.
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.
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 7973I •512-477-6311 •
(Fax)512-477-1793
tM, 2 -01q --0:5a-)
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_ $4,500, payable upon delivery of the report.
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
State Certified Appraisers: $215/hour
Land Planning: $225/hour
Research Staff. $165/hour
Administrative Staff. $85/hour
Information Necessary to -Survey
Complete the Assignment -Title commitment
(as available): •Any offers to buy or sell the property
within the last three years
Completion: Estimated at 20-30 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
PCLU
Paul Hornsby, MAI, SRA
Accepted: City of Round Rock
Date By. ray, City Manager
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