CM-2022-120 - 5/27/2022W
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 23, 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 Be", Analyst
Tanner Cole, Analyst
Sarah Taylor, Analyst
Justin Allen, Analyst
Kelly Wells, Research Director
Tern Bowden Nolker, Business Manager
Cynthia Stevens, Administrative Support
Re: Proposal for appraisal services relating to two proposed fee acquisitions, a drainage and
utility easement acquisition and a trail and recreation easement acquisition out of a 21.768 acre
tract of land located along the south line of Hairy Man Road, 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:
Two proposed fee acquisitions, a drainage
and utility easement acquisition and a trail
and recreation easement acquisition out of a
21.768 acre tract of land located along the
south line of Hairy Man Road, Round Rock,
Texas.
To estimate just and adequate compensation
for the proposed acquisitions as of the date
of inspection.
7600 N, Capital of Texas Highway • Building B, Suite 210 * Austin, Texas 78731 9 512-477-6311 0
(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.
$6,500, 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 30-45 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:
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Date
City of Round Rock
i—oal Laurie Hadley, City Mana r
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TVXAc, Agenda Item Summary
Agenda Number:
Title: Consider executing Engagement Agreement with Paul Hornsby & Company for
appraisal services to assist with the acquisition of right of way and easement
rights required for the proposed Wyoming Springs extension and expansion
pro; ect.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date- 5/27/2022
Dept Director: Gary Hudder, Transportation D"rector
Cost: $6,500.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: FBMUD--Hornsby proposal LAF--Wyoming Springs 5.23,22, Wyoming Springs Fern
B uff MUD, FERNBL Wyoming_Springs r.o.w. + esement-EXHIBIT-ALT03
(BACKGROUND INFO ONLY)
Department: Transportation
Text of Legislative File CM-2022-120
Cost: $6,500.00
Source of Funds: Round Rock Transportation and Economic Development Corporation (Type B)
City of Round Rock Page 1 of 1