CM-2022-115 - 5/13/2022m'
HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Chris Hornsby, MAI, Principal
Kimberly Hussey, Analyst_ Principal
Eli Hanslik, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw. ASA
Justin Sims. State Certified
May 4, 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 Nolker, Business Manager
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating to proposed permanent wastewater and temporary
construction easement acquisitions out of a 13.27 acre tract of land improved with an industrial
warehouse and attendant site improvements located at 101 S Chisholm Trail Dr, Round Rock,
Texas 78681.
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:
A proposed permanent wastewater and
temporary construction easement acquisition
out of a 13.27 acre tract of land improved
with an industrial warehouse and attendant
site improvements located at 101 S
Chisholm Trail Dr, Round Rock, Texas
78681.
To estimate just and adequate compensation
for the proposed acquisitions as of the date
of inspection.
7600 N. Capital of Texas Highway • Building 13, Suite 210 • Austin, Texas 78731 9 512-477-6311 •
(Fax)512-477-1793
Use of the Report:
Appraisal & Reporting Standards:
Fee:
Establishing a basis for partial acquisition of
the property.
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.
$5,500, payable upon delivery of the report.
This fee is predicated on the assumption that
only the land component of the property will
be appraised and the primary improvements
are not impacted by the proposed
acquisition(s). Should improvements need to
be appraised the fee will be 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
$495/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 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
P'd '/'/ I
Paul Hornsby, MAI, SRA
Accepted:
Date
City of Round Rock
Xv� - By: Laurie Hadley, City M eager
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Engagement Agreement with Paul Hornsby & Company for appraisal services
related to the acquisition of a 0.020 acre wastewater easement at 101 South
Chisholm Trail Drive, Round Rock, TX 78681
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 5/13/2022
Dept Director: Steve Sheets
Cost: $5,500.00
Indexes: Self -Financed Wastewater Construction
Attachments: Hornsby proposal, LINEAGE(1)--Hornsby proposal LAF (signed 5.5.22)
Department: City Attorney's office
Text of Legislative File CM-2022-115
Cost: $5,500.00
Source of Funds: Self -Financed Wastewater Construction
City of Round Rock Page 1 of 1