CM-2022-058 - 3/11/2022rLFI
HORNSBY &COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby MAI. SRA
Chris Homsby, MAI, Principal
Kimberly Hussey. Analyst, Principal
Eli Hanslik. MAI
Melany Adler, MAI
Katie Daniewicz. MAI
Clifford Shaw, ASA
Justin Sims, State Certifed
March 7, 2022
City of Round Rock
c.`o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Jake Kane, Analyst
Lindsey Berry. Analyst
Tanner Cole, Analyst
Sarah Taylor. Analyst
Justin Allen, Analyst
Kelly Wells, Research Director
Terri Bowden Nalker, Business Manager
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating to two (2) tracts of land at 2309 E. Palm Valley
Blvd., 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:
Appraisal & Reporting Standards:
Two (2) tracts of land at 2309 E. Palm
Valley Blvd., Round Rock, Texas,
To estimate the market value of the fee
simple interest in each tract as of the date of
inspection.
Establishing a basis for possible acquisition
of the property.
The appraisal 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
7600 N. Capital of Texas Highway • Building B. Suite 210 • Austin, Texas 78731 • 512-477-631 1 •
(Fax)512-477-1793
e1t4-3c2r,-,r-6W
Appraisal Foundation and the Code of
Professional Ethics and the Standards of
Valuation 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: $6,900 ($3,450 per parcel),
payable upon
delivery of the reports.
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:
$585/hour
Chris Hornsby:
$395/hour
Other MAI Staff Appraisers:
$350/hour
State Certified Appraisers:
$275/hour
Research Director:
$300/hour
Administrative Staff:
$1 15ihour
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
PRUI Hornsby, MAI, SRA
Accepted:
5-�i-2� -<,)-
Date
City of Round Rock
JORt.0UND ROCK
XAS
City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Hornsby & Company
relating to two (2) tracts of land at 2309 E. Palm Valley Boulevard regarding the
Dumas Tracts.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 3/11/2022
Dept Director: Steve Sheets, City Attorney
Cost: $6,900.00
Indexes:
Attachments: LAF - Appraisal Services - Hornsby - for 2309 E. Palm Valley Blvd - DUMAS,
Proposal for Appraisal services - 2309 E. Palm Valley.City of Round Rock
Department: City Attorney's Office
Text of Legislative File CM-2022-058
Cost: $6,900
Source of Funds: City Manager Contingency Funds
City of Round Rock Pagel of 1