CM-2021-301 - 11/12/2021HINSY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI. SRA
Chris Hornsby, MAI, Principal
Eli Hanslik, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
Justin Sims, Analyst
November 5, 2021
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Jason Thomas, Analyst
Jake Kane, Analyst
Kim Hussey, Analyst
Lindsey Berry, Analyst
Tanner Cole, Analyst
Terri Bowden Nolker, Business Manager
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating a 4.513 acre tract of land improved with a 3,128 SF
single family residence, outbuildings and associated site improvements located at 1001 N Red
Bud Lane, Round Rock, Texas.
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 4.513 acre tract of land improved with a
3,128 SF single family residence,
outbuildings and associated site
improvements located at 1001 N Red Bud
Lane, Round Rock, Texas.
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 78731 • 512.477-631 1 •
(Fax)512-477-1793
0-1- 202i-3c(
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 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: $5,900, payable upon delivery of the report.
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 $450/hour
Chris Hornsby $395/hour
MAI Staff Appraisers $350/hour
State Certified Appraisers $250/hour
Appraiser Trainees $200/hour
Research Staff $180;hour
Administrative Staff $100/hour
Completion: Estimated at 45-60 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
Date By: La rie 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 a 4.513 acre tract of land located at 1001 N. Red Bud Lane for the Old
Settlers Extension Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/12/2021
Dept Director: Gary Hudder, Transportation Director
Cost: $5,900.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: LAF proposal for appraisal services with Paul Hornsby - Old Settlers Ext
20211305135329472.pdf, Proposal for Appraisal Services by Paul Hornsby Old
Settlers Ext 20211105135345211.pdf
Department: Transportation
Text of Legislative File CM-2021-301
This is for the Ken Burge property.
Cost: $5,900.00
Source of Funds: RR Economic and Development Corporation (Type B)
City of Round Rock Page I of I