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CM-2023-217 - 9/22/2023HoEzNSBY & COMPANY APPRAISERS AND CONSULTANTS Paul Hornsby, MAI, SRA Chris Hornsby, MAI, Principal Kimbery Hussey, Analyst, Principal Eli Hanslik MAI Katie Daniewicz, MAI Justin Sims, State Certified Jake Kane, State Certified August 16, 2023 City of Round Rock c/o Don Childs Sheets & Crossfield, P.C. 309 East Main Street Round Rock, Texas 78664 Tanner Cole, Analyst Lindsey Berry, Analyst Scott Nevil, Analyst Leann Juengerman, Analyst Roel Jaramillo, Researcher Terri Bowden Nolker, Business Manager Beth Boyd & Stefanie Alvarez, Administrative Support Re: Proposal for appraisal services relating a proposed 229 SF partial fee acquisition out of a tract of land improved with a single family residence located at 3300 Vintage Drive, Round Rock, TX 78664, Dear Mr. Childs As requested, 1 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: A proposed 229 SF partial fee acquisition out of a tract of land improved with a single family residence located at 3300 Vintage Drive, Round Rock, TX 78664. To estimate just and adequate compensation for the proposed acquisition as of the date of inspection. Establishing a basis for partial acquisition of the property. 7600 N_ Capital of Texas Highway • Building B, Suite 210 *Austin, Texas 78731 • 512-477-6311 • (Fax)512-477-1793 Appraisal & Reporting Standards: 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. Fee: $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, MAI, SRA $5501hour Chris Hornsby, MAI $450!hour MAI Staff Appraisers $385 `hour State Certified Appraisers $295!hour Appraiser Trainees $250:`hour Research Director $300lhour Research Staff $195:'hour Completion: Estimated at 60 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: City of Round Rock Date 0y'. r ley, City Manager / AWN � � ] • . � /- � oo rr z n1N $ = w o � J 1 �1 a �yJ Ln o a ZW• W {� O W= Z U- J r _ z � N J O m w w + LIJ d m N �OBBY - xy�-,p- f •� f W N � � H n r a O C) nNg.ni"m Z oz 7 0 r 020 -]0r D =1 n0 F m D Z Z o�POn Z oti0�m(A o= W0 O Pli C� 2 2 ©V f vco oQr� n n;Dr- Z mor-c A rn Z�-� fri 0-0 _ nTID= b m MZO Qc Z �' M > D =QZ;p rrim (A oaoo-� ZZ. oF;o >rc. Z r— �_ o -o � O nz Lf) :� rTj 0 V N cn, („oC) m Q Ln M N > r W S _ _ r/} m W� O �tti 4. �} RED BUD LANE 0ZZZ 00ODfI I Oo do 0 00 0 4 v OD coo N tN N 1 i EXISTING R.O.VI. [a UL N O A m .} � j r n ,LNwlfl^•�� �' Il W w N N ,-. EXISTING R.O.W. O{t m tQ l w i ` NO2° 4I'25"W 136.10' r n a/ .�_ i O M U M W tO O N J aN N I ti. U) O In± EXISTING R.O.W. L'_I F n�7wt0 RED 8UD LANE r ^� ^. W (A.K,A. COUNTY ROAD 122) � �Ol (R.O.1r. 11IDT14 VARIES) rr*1 ENGINEER'S BASELINE -�� co Ot 0-00� _ r I N_-�.� �.�•-._.- - OSTENS{6LE SURVEY. LINE _ �.� ri �i" I--•--- :...-`'�'-- 5.� hr.7'iSf•;;nl ,`6i.F.7f9A41UI'` �'� ' =:' f• ) W..p-.I.. Is P.U.L. UFII 'iA mZ 9",0-0 p�No MCn �mtp• • 'orn 'Wes' l' CA WN Ln o v n) 00ln t-n -ni '. 7'� ,I t .� NWO�(p fJ0 A N n M-4Uj to -'In •l0 -� 01- —t, 0 to � �• o C T ' �! ' � - x) � It4. H ui -1 W m °' afon w '^ to m -1 N rn W cor O CD N A N O N IV N In m Z (J+nI C I (N01044'12"W i RED BUD LANE Po o'O O 0 a O N n � oco nnc�n . ���v�rA ypzxA�Azmr Nnr,'Lwxn�n 2zn vz � 0QvnzZv7001A 0m= r mry z v 2131 65') I • m0 • n� 't z rn r Alncm - r TI p�7m -.1 n CD --1-1 rn �(A N x 2 co