CM-2025-177 - 7/18/2025 I ' n HORNSBY & COMPANY
I__I U APPRAISERS AND CONSULTANTS
Paul Hornsby,MAI,SRA Kimberly Hussey,Analyst
Chris Homsby,MAI,Principal Tanner Cole,Analyst
Eli Hanslik,MAI Layna Fultz,Analyst
Katie Daniewicz,MAI Nakeea Miller,Business Manager
Justin Sims,MAI Stefanie Alvarez,Administrative Support
Jake Kane,State Certified Andrew Dzib-Galvan,Administrative Support
July 14, 2025
City of Round Rock
c/o Don Childs
Sheets&Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to a 1-acre tract of land improved with a 3,110 SF
single-family residence at 3008 Palm Valley Boulevard, Round Rock,Texas.
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: A 1-acre tract of land improved with a 3,110
SF single-family residence at 3008 Palm
Valley Boulevard, Round Rock, Texas.
Purpose of the Appraisal: To estimate the market value of the fee simple
interest in the subject property as of the date of
inspection.
Use of the Report: Establishing a basis for potential 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 Appraisal Practice
(USPAP) of the Appraisal Foundation and the
Code of Professional Ethics and the Standards
of Professional Practice of the Appraisal
Institute.
7801 N. Capital of Texas Highway • Suite 220 • Austin, Texas 78731 • 512-477-6311
Cm-102S IT]
The results of our analysis will be set forth in
an Appraisal Report as defined by Standards
Rule 2-2(a)of USPAP.
Fee: $6,500,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 $550/hour
Chris Hornsby, MAI $495/hour
Other MAI Staff Appraisers $425/hour
State Certified Appraisers $350/hour
Appraiser Trainees $250/hour
Research Director $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,
Hornsby & Company
Paul Hornsby, MAI, SRA
Accepted: City of Round Rock
71►BI �zs
Date By: areek-r Beitrrett-;4City Manager
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