CM-2025-013 - 1/10/2025HoRNsBy & COMPANY
APPRAISERS AND CONSULTANTS
Paul 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
December 16, 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
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 four (4) properties located along Gattis School Road,
Round Rock, Texas.
Dear Mr. Childs,
As requested, I am pleased to provide this proposal for appraisal services relating to the
properties captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
Four (4) properties located along Gattis
School Road, Round Rock, Texas.
To estimate the just and adequate
compensation for the proposed acquisitions
as of the date of inspection.
Establishing a basis for partial acquisition of
the properties.
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 •512-477-6311 •
(Fax) 512-477-1793
013
Appraisal & Reporting Standards: The appraisals will be developed and the
reports 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 four (4) Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $22,000 ($5,500 each), payable
incrementally upon delivery of each 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 $585/hour
Chris Hornsby, MAI
$495/hour
MAI Staff Appraisers
$425/hour
State Certified Appraisers
$350/hour
Appraiser Trainees
$300/hour
Research Staff
$195/hour
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:
Date
City of Round Rock