CM-2021-018 - 1/22/2021PAUL HORNSBY & COMPANY
O 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
November 4, 2020:
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
Jake Kane, Appraiser Trainee
Kim Hussey, Appraiser Trainee
Garrett Lynch, Appraiser Trainee
Lindsey Berry, Analyst
Terri Bowden Nolker, Business Manager
Cynthia Stevens & ShaiAne Belinski, Administrative Support
Re: Proposal for appraisal services relating two tracts of land located along the south line of E
Palm Valley Blvd. and the north line of Brushy Creek, Round Rock, Texas.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the
properties captioned above. Tetras of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
Two tracts of land located along the south
line of E Palm Valley Blvd. and the north
line of Brushy Creek, Round Rock, Texas.
To estimate the just and adequate
compensation for proposed easement
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 • 512-477-6311 •
(Fax)512-477-1793
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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 Practice of the Appraisal
Institute.
The results of our analysis will be set forth
in Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $9,000 ($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.
Should improvements need to be appraised
the fee will revised to a mutually agreeable
amount.
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: $435/hour
MAI Staff Appraisers: $335/hour
State Certified Appraisers: $225/hour
Research Staff. $170/hour
Administrative Staff. $90/hour
Completion: 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
By: Laurid Hadley, City Manager
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to the Heritage Trail Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 1/22/2021
Dept Director: Rick Atkins, Director
Cost: $9,000.00
Indexes: 2017 General Obligation Bonds
Attachments: Heritage Trail Sheets and Crossfield- Hornsby Proposal, LAF - Heritage Trail
Sheets and Crossfield- Hornsby Proposal
Department: Parks and Recreation Department
Text of Legislative File CM-2021-018
This item is a proposal for appraisal services for 2 tracts located along the south boundary of East Palm
Valley Boulevard and north boundary of Brushy Creek associated with the Heritage Trail East project.
The Heritage Trail East project will be a continuation of the Heritage Trail West portion of the trail and
includes a 10' wide trail detailing the history of Round Rock as a timeline. The project spans from Mays St.
to Georgetown St. and include improvements and programmatic elements detailing historical,
educational, arts & cultural, general park elements that encourage community events and development
revitalization along the corridor.
Cost: $9,000
Source of Funds: 2017 General Obligation Bonds
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