CM-2021-129 - 5/7/2021PAUL HmNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Eli Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz MAI
Clifford Shaw, ASA
Matthew Cox, Slate Certified Appraiser
April 29, 2021
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 Be", Analyst
Terri Bowden Nolker, Business Manager
Cynthia Stevens & ShaiAne Belinski, Administrative Support
Re: Proposal for appraisal services relating a single family residence located at 210 Fannin Ave,
Round Rock, Texas 78664
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 single family residence located at 210
Fannin Ave, Round Rock, Texas 78664
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 • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 s
(Fax)512-477-1793
A�-2D2J-- I Al
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 an Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $5,500, 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 $450/hour
MAI Staff Appraisers $350/hour
State Certified Appraisers $250/hour
Appraiser Trainees $200/hour
Research Staff $180/hour
Administrative Staff $100/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 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
Paul Hornsby, MAI, SRA
Accepted:
Date
City of Round Rock
By: Laurie Hadley, City Mana
IE
OUNI) ROCK
XAS
City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to the Downtown Park Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 5/7/2021
Dept Director: Steve Sheets, City Attorney
Cost: $5,500.00
Indexes: 2017 General Obligation Bonds
Attachments: Proposal-00471135.PDF, LAF-00471140.PDF
Department: Legal Department
Text of Legislative File CM-2021-129
The proposal is for appraisal services for 1 tract located at 210 Fannin Ave. along Brushy Creek.
Cost: $5,500.00
Source of Funds: 2017 General Obligation Bonds
City of Round Rock Page 1 of 2