CM-2024-047 - 2/16/2024Paul Hornsby, MAI, SRA
Chris Hornsby. MAI. Principal
Kimberly Hussey. Analyst_ Principal
Eli Hanslik, MAI
Katie Daniewicz. MAI
Justin Sims, State Certified
Jake Kane, State Certified
February 2, 2024
City of Round Rock,
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
ORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Tanner Cole, Anaiyst
Lindsey Berry, Analyst
Scott Nevil, Analyst
Layna Fultz, Analyst
Roel Jaramillo, Researcher
Terri Bowden Nolker, Business Manager
Beth Boyd & Stefanie Alvarez, Administrative Support
Re: Proposal for appraisal services relating to a retail shopping center (Parcel 26) located at 3810
Gattis School 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:
A retail shopping center (Parcel 26) located
at 3810 Gattis School Road, Round Rock,
Texas.
To estimate just and adequate compensation
for the proposed acquisition as of October 2,
2020.
Establishing a basis for partial acquisition of
the property.
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
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 + 512-477-6311 •
(Fax)512-477-1793
t4,M' 2-o247-1"6L,17
fee:
Completion:
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.
The fee for appraising the land component
only would be $6,500. If the primary
improvements are impacted and need to be
appraised, the fee will increase to $10,500.
The fee will be payable upon delivery of the
report.
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 $5851hour
Chris Hornsby, MAI
$4951hour
MAI Staff Appraisers
$425/hour
State Certified Appraisers
$35Whour
Appraiser Trainees
$2501hour
Research Director
$3001hour
Research Staff
$195fhour
Administrative Staff
$125:`hour
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. 1 look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
Paul Hornsby, MAI, SRA
Accepted:
Z V Z�
Date
City of Round Rock
JI 4
By: Laurie Hadley, City Man rer