CM-2024-243 - 9/20/2024HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby. MAI, SRA
Chris Hornsby, MAI. Principal
Eli Hanslik, MAI
Katie Damewicz MAI
Justin Sims, MAI
Jake Kane, State Certified
Kimberly Hussey, Analyst
September 5, 2024
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
Layna Fultz, Analyst
Colton Cardinell, Researcher
Nakeea Miller, Business Manager
Stefanie Alvarez, Administrative Support
Andrew Dzib-Galvan, Administrative Support
Re: Proposal for appraisal services relating a 0.28 acre tract of land improved with three single
family residences, a detached garage and associated site improvements located at 901 Emmanuel
Street, Round Rock, Texas 78681.
Dear Mr. Childs:
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:
A 0.28 acre tract of land improved with
three single family residences, a detached
garage and associated site improvements
located at 901 Emmanuel Street, Round
Rock, Texas 78681.
To estimate the market value of the subject
property as of the date of inspection.
Use of the Report: Establishing a basis for 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: $7,500, 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 $585/hour
Chris Hornsby, MAI $495;hour
MAI Staff Appraisers $425/hour
State Certified Appraisers $350/hour
Appraiser Trainees $250ihour
Research Staff $195rhour
Administrative Staff $125/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:
LX/.71
Date
City of Round Rock
By: Lau+--i +hmHry, City Manager
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