CM-2014-589 - 11/7/2014City of Round Rock
ROUND ROIX
sxns Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to three (3) tracts of land on the Lake Creek
Wastewater Easement Project.
Type: City Manager Item
Governing Body:
City Manager Approval
Agenda Date:
11/7/2014
Dept Director:
Steve Sheets/Don Childs
Cost:
$11,400.00
Indexes:
Attachments:
00314838.PDF, 00314864.PDF
Department:
Legal Department
Text of Legislative File CM -2014589
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to three (3) tracts of land on the Lake Creek Wastewater Easement Project.
Staff recommends approval.
Ciyo/Romd Rock Page 1 PNirted on 11=014
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal Project Name: Lake Creek Wastewater Easement Project
Project Mgr/Resource: Steve Sheets Contractor/Vendor: Paul Hornsby & Company
council Action:
ORDINANCE RESOLUTION
F71city Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby 8 Company relating to three (3) tracts of land on the Lake
Creek Wastewater Easement Project.
Attorney Approval
Attorney _D,1r CJVJ�'_ Date it j ]f
O:\wdox\SCClnts\0199\1490\MISC\00314838.XLS Updated 6/3/08
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA. CREW Joseph McAweeney. Stale Canted
Dated J, Englund, MAI, SRA Katie Daniewice, State Cadged
Eli Hanslik. MAI Matthew Co., Appraiser Trainee
Lance Lai MAI Kimberly Garvey, Litigation Analyst
Chris Hornsby, MAI Teri Bowden, Business Manager
Clifford Shaw, State Cer ified Jennifer Beardsley, Administrative Assistant
Melany Adler, State Certified
October 27, 2014
Laurie I ladley
Interim City Manager
City of Round Rock
c/o Don Childs
309 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to three parcels of land to be acquired for the Lake
Creek Wastewater Easement Project
Dear Ms. Hadley:
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: Single family lots at 421 Lake Creek Circle,
604 Deerfoot Drive; and 600 Deerfoot
Drive, Round Rock, Texas.
Purpose of the Appraisal: To estimate just compensation for a
wastewater and temporary construction
easement to be acquired from each property.
For the purpose of this proposal, it is
assumed that improvements are not
impacted, and only the land component is to
be appraised.
Use of the Report: Establishing a basis for acquisition of the
easements.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
777 Main Street • Suite 600 • Fort Worth, Texas 76102 • 817-887-8467
Crn- 2ott-4-589
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 Appraisal Practice of the
Appraisal Institute.
I'he results of our analysis will be set forth
in an Appraisal Report as defined by
Accepted:
City of Round Rock
IIAtLt/41dC4�
Laurie Hadley, Interim Citynager Date
Standards Rule 2-2(a) of USPAP.
Fee:
$3,800 per parcel, payable upon delivery of
each report.
Time spent subsequent to the initial
appraisals, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial, and preparation for
testimony.
Paul Hornsby: $250/hour
Staff Appraisers: $150-$200/hour
Completion:
Estimated at 30 days your written
authorization to proceed.
If thesc 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,
P & Company
P
Paul Hornsby, MAI, SRA, CR
Accepted:
City of Round Rock
IIAtLt/41dC4�
Laurie Hadley, Interim Citynager Date