CM-2022-231 - 10/7/2022^AATRIUM
RS
September 28, 2022
Laurie Hadley
City Manager
City of Round Rock
RE; Proposal for condemnation update appraisals of easement acquisitions on properties
located in Williamson County for the San Bass Road project
Dear Ms. Hadley;
Initially, thank you for the opportunity to bid on this assignment. This letter will serve as the
proposal for ATRruM REAL ESTATE SERVICES to perform value estimates on the below referenced
properties.
Purpose of the Assignment (Scope of Work)
The purpose of the appraisals will be to estimate the market value of the fee simple interest
In the below referenced properties as well as the recommended compensation of the proposed
acquisitions.
Reporting Requirements
The analysis and results of the report will be prepared in conformity with and will be subject
to the requirements of the Code of Professional Ethics and Standards of Professional Practice
of the APPRAISAL INSTITUTE, the Uniform Standards of the Professional Appraisal Practice as
promulgated by the APPRAISAL FOUNDATION as well as the requirements of the STATE OF TEXAS
for State-Certifled General Real Estate Appraisers,
Fee and Completion Date
Owner
CAD
Appraisal Fee
Amy Kwalwasser & Chris Kjeldsen
R037925
$4,000
Paul & Susan Bullis
R037924
$4,000
Bustle Investment Group LLC
R037926
$4,000
The estimated completion date of the reports will be 30-45 days from obtaining the notice
to proceed. The fee for additional work, litigation support, preparation and testimony is at a
rate of $250/hour with a not to exceed amount of $50,000.
C/M- D%-> -Z:> -�31
14425 Falcon Head Blvd D 100, Austin, TX 78738 1 512,453.7407 1 www.atriumrealestate.com
Page 2
Ms. Laurie Hadley
September 28, 2022
Miscellaneous Expenses
There are no miscellaneous expenses.
General Information
If terms of this proposal are acceptable, please sign below and return to our office.
ATRIUM REAL ESTATE SERvicEs appreciates the opportunity to be of service to you. Should you
have any questions, or if we can be of further assistance, please feel free to contact our office.
Respectfully submitted,
ATRzum REAL ESTATE SERvzcES
9,,j ` 4zk.&,,,,
Lary R. Johnson, MAI, SR/WA
President
Texas Certified Appraiser #TX-1321640-G
--j-3
Acceptedby: ----------- --------------------------- Date.----------........_-_----------
14425 Falcon Head Blvd D-100, Austin, TX 78738 1512.453.7407 1 www,atriumrealestate.com
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal and expert witness services with
Atrium Real Estate Services relating to the proposed Sam Bass 42" WTL project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/7/2022
Dept Director: Michael Thane, Utilities and Environmental Services Director
cost: $50,000.00
Indexes: Self -Financed Water Construction
Attachments: Atrium Proposal for Hearing Updates and Testimony
Department: Utilities & Environmental Services
Text of Legislative File CM-2022-231
In December 2021, the City's legal department entered a proposal for appraisal with Atrium Real Estate on
the Utilities & Environmental Services Department's behalf. Legal requires Atrium's services to help acquire
the necessary easements to complete construction of the Sam Bass 42-inch Water Transmission Line
project. The original proposal; however, did not account for updates, testimony, or condemnation phase
work. This revised proposal is for litigation phase appraisal and expert testimony services. The proposal
also includes authorization of hourly fees for litigation support and testimony by Atrium to be billed as
necessary. The hourly fee is $250 with a not -to -exceed amount of $50,000.
Cost: $50,000
Source of Funds: Self -Financed Water Construction
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