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CM-2020-298 - 10/23/2020KOKEL-OBERRENDER-WOOD APPRAISAL, LTD. Real Estate Appraisers & Consultants Larry D. Kokel, ARA, MAI 404 West 9'" Street, Suite 201 Georgetown (512) 863-6428 David W Oberrender, MAI Georgetown, Texas 78626 Austin (512) 930-3499 Wendell C. Wood, ARA, MAI Michael D. Mays, ARA, MAI FAX (512) 930-5348 e-mail: realestate@k-o-wappraisal.com October 19, 2020 City of Round Rock c/o Sheets & Crossfield, P.C. Attn: Don Childs, Attorney at Law 309 East Main Round Rock, Texas 78664 Via E-mail: don(a)_scrrlaw.com Re: Fee and time quote to appraise 41.03 acres out of Lots 1 and 2, Cypress Addition to the City of Round Rock, Williamson County, Texas for the acquisition of a 0.02 acre drainage easement and a 0.03 acre temporary construction easement related to the extension of Oakmont Drive. Owner of Record: WC Round Rock Land Partners, LP; (WCAD R362168 and R560598) Dear Mr. Childs: I have reviewed the information provided by your office regarding the above referenced appraisal. It is our understanding you seek a current market value appraisal on the above referenced property for the acquisition of a 0.02 acre drainage easement and a 0.03 acre temporary construction easement. Our fee to appraise the above referenced property is $4,000 and we can complete the assignment within 30 days from receipt of authorization to proceed. The appraisal will be prepared in conformance with the Uniform Standards of Professional Appraisal Practice. If additional time for litigation support and/or testimony is required, our time will be billed by the attached fee schedule. If you wish to authorize Kokel-Oberrender-Wood Appraisal, Ltd. to proceed, please execute a copy of this letter and return via fax or e-mail. If you have any questions, please feel free to contact me. Respectfully, AlRIZATION TOP OCEED THIS DAY OF 6Y , 2020 Kokel-Oberrender-Wood Appraisal, Ltd. By Kokel-Oberrender-Wood Appraisal Management, L.C. David W. Oberrender, MAI State Certified Laurie Hadley --City Manager TX-1321141-G Attached Fee Schedule FEE SCHEDULE Larry D. Kokel, ARA, MAI $250.00/hr David W. Oberrender, MAI $ 250.00/hr Wendell C. Wood, ARA, MAI $250.00/hr Michael D. Mays, ARA, MAI $250.00/hr Taylor Orsag, Appraiser Trainee $150.00/hr Administrative Support and Mapping $100.00/hr Mileage $0.575/mile Exhibits and Misc. Actual W & ] \ G � I � \ � 1i ��rC k• r 1 a•'� � �„ •�� � t0 O' _ t y 1 t i ! ROUND ROCK TEXAS City of Round Rock Agenda Item Summary Agenda Number: Title: Consider executing a proposal for appraisal services with Kokel-Oberrender-Wood Appraisal, Ltd., relating to the proposed Oakmont Extension roadway project. Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 10/23/2020 Dept Director: Gary Hudder, Transportation Director Cost: $4,000.00 Indexes: RR Transportation and Economic Development Corporation (Type B) Attachments: LAF-00457701.PDF, Aerial Exhibit-00457326.PDF, Proposal-00457730. PDF Department: Transportation Department Text of Legislative File CM-2020-298 The proposal is for appraisal services requested by the Transportation Department to be used in acquisition of required drainage easement and temporary workspace easement interests from WC Round Rock Partners, LP which are required for construction of the Oakmont Extension roadway project. Cost: $4,000.00 Source of Funds: Round Rock Transportation and Economic Development Corporation (Type B) City of Round Rock Page 1 of 1