CM-2022-262 - 10/28/2022L n
IL:-h
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
October 13, 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 a 6.611 acre tract of land located at the northwest
corner of 1-35 and Chisholm Trail 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:
Use of the Report:
Appraisal & Reporting Standards:
A 6.611 acre tract of land located at the
northwest corner of 1-35 and Chisholm Trail
Road, Round Rock, Texas.
To estimate just and adequate compensation
for the proposed partial fee simple
acquisition as of the date of inspection.
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
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
60-24p2-24,z
Fee:
Completion:
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
$4951hour
Chris Hornsby
$3Whour
MAI Staff Appraisers
$350'hour
State Certified Appraisers
$250ihour
Appraiser Trainees
$200ihour
Research Staff
$1 Whour
Administrative Staff
$1001hour
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
/-ICW
Paul Hornsby, MAI, SRA
Accepted:
Date
City of Round Rock
ea:Zd:ley,
City Manager
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ROUND ROCK
TEXAS
City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing Engagement Agreement with Paul Hornsby & Company for
appraisal services related to the acquisition of one right of way parcel needed for
the Chisholm Trail North Widening project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/28/2022
Dept Director: Gary Hudder, Transportation Director
Cost: $5,500.00
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: LAF--Chisholm Trail North Widening Project- Appraisal Services - Hornsby, CTN-
-Hornsby proposal 10.13.22
Department: Transportation
Text of Legislative File CM-2022-262
Cost. $5,500.00
Source of Funds: Round Rock Transportation and Economic Development Agreement (Type B)
City of Round Rock Page 1 of I