CM-2020-058 - 2/28/2020PAUL HORNSBY & COMPANY
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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
Justin Sims, Appraiser Trainee
Leslie Persia, Director of Land Planning
February 12, 2020
City of Round Rock,
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Jason Thomas, Appraiser Trainee
Caitlin Warren, Appraiser Trainee
Jake Kane, Appraiser Trainee
Kim Hussey, Appraiser Trainee
Garrett Lynch, Analyst
Terri Bowden Nolker, Business Manager
Cynthia Stevens, Administrative Support
Rey Gonzalez, Professional Engineer, Cost Estimator
Re: Proposal for appraisal services relating to seven properties (Parcels 3, 4, 5, 6, 7, 30 and 31)
located along 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:
Seven properties (Parcels 3, 4, 5, 6, 7, 30
and 31) located along Gattis School Road,
Round Rock, TX.
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 •512-477-631 l •
(Fax)512-477-1793
�- 0 20-D5y
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.
I�ee;
The results of our analysis will be set forth
in seven Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
$31,500 ($4,500 each), 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 with the exception of
two properties. Should additional
improvements need to be appraised, the fee
will be revised to a mutually agreeable
amount.
All time spent subsequent to the initial
appraisals, including, without Iimitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul Hornsby
$435/hour
MAI Staff Appraisers
$335/hour
Land Planning Services
$235/hour
State Certified Appraisers
$225/hour
Appraiser Trainees
$190/hour
Research Staff
$170/hour
Administrative Staff
$90/hour
Information Necessary to
Complete the Assignment
(as available):
Completion:
•Surveys
•Title commitments
•Any offers to buy or sell the properties
within the last three years
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 Iook forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
Paul Hornsby, MAI, SRA
Accepted:
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City of Round Rock
L.e.!
By: Laurie Hadley, City Ma er
City of Round Rock
J'ROUNO ROCK Agenda Item Summary
Agenda Number:
Title: Consider a resolution authorizing the Mayor to execute a proposal for
appraisal services by Paul Hornsby & Company relating to 7 right of way
parcels to be acquired in connection with the proposed Gattis School Road
Phase 3 expansion project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 2/28/2020
Dept Director: Gary Hudder, Transportation Director
Cost: $31,500.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: LAF-00440290.PDF, Proposal-00439699.PDF
Department: Transportation Department
Text of Legislative File CM-2020-06$
There are a total of 29 parcel acquisitions required for construction of this proposed roadway
project. This proposal is for the 7 remaining parcels for the project.
Cost: $31,500.00
Source of Funds: RR Transportation and Economic Development Corporation (Type B)
City of Round Rock Page 1 Printed on 2/27/2o2o