CM-2026-069 - 3/13/2026 n HORNSBY & COMPANY
U d APPRAISERS AND CONSULTANTS
Chris Homsby,MAI,President Tanner Cole,Analyst
Paul Homsby,MAI,SRA,Principal Kim Hussey,Analyst
Jake Kane,Partner Layna Fultz,Analyst
Eli Hanslik,MAI Thomas McLemore,Analyst
Katie Daniewicz,MAI Chloe Stoever,Analyst
Justin Sims,MAI Andrew Dzib-Galvan,Administrative Support
Ashley Lundgren,Business Manager
March 5,2026
City of Round Rock,
do Don Childs
Sheets& Crossfield, P.C.
309 East Main Street
Round Rock,Texas 78664
Re: Proposal for appraisal services relating to Nine (9) properties located along Kenney Fort
Boulevard, 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: Nine (9) properties located along Kenney
Fort Boulevard, Round Rock,Texas.
Purpose of the Appraisal: To estimate just and adequate compensation
for proposed acquisitions as of the date of
inspection
Use of the Report: Establishing a basis for partial acquisition of
the properties.
Appraisal & Reporting Standards: The appraisals will be developed and the
reports will be prepared in conformity with
Austin Houston
7801 N. Capital of Texas Hwy • Suite 220 • Austin, Texas • 512-477-6311
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 9 Appraisal Reports as defined by
Standards Rule 2-2(a)of USPAP.
Fee: $49,500 ($5,500 each), payable upon
delivery of the 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 $595/hour
Chris Hornsby, MAI $495/hour
Other MAI Staff Appraisers $450/hour
State Certified Appraisers $350/hour
Appraiser Trainees $250/hour
Research Director $300/hour
Research Staff $195/hour
Administrative Staff $125/hour
These rates are applicable in 2026. Rates in
future years may differ.
Completion: Estimated at 60-75 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: City of Round Rock
3_ 13 20z6
Date By: 1'Qur« Hadley, City Manager
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