CM-2026-193 - 7/24/2026 IV
APPRAISERS AND CONSULTANTS
Chris Hornsby,MAI,President Tanner Cale,Appraiser
Paul Hornsby,MAI,SRA,Principal Kim Hussey,Analyst
.lake Kane,Partner Layna Fultz,Analyst
Eli Hanslik,MAI Chloe Stoever,Analyst
Katie Daniewicz, MAI Alex Hyun,Analyst
Justin Sims, MAI Andrew Dzib-Galvan,Senior Administrative Assistant
Ashley Lundgren,Business Manager Alex Doggett,Administrative Assistant
July 16, 2026
City of Round Rack
c/o [ion Childs
Sheets, Childs & Sandre, PLLC
309 East Main Street
Round Rock. Texas 78661
Re: Proposal for appraisal services relating to a 13.217 acre tract of land along the north line of
LOUis Henna Boulevard, west of A.W. Grimes E3011levard, Round! Rock, Texas.
Gear Mr. Childs:
As requested, I am pleased to provide this proposal for appraisal services relating; to the property
captioned above. Terms ofthe assignment are suniniarired below.
Real Estate to be Appraised: A 13.217 acre tract of land alone the north lilie of
Lotlis Henna Boulevard, west of A.W. Grimes
Boulevard, Round Rock, Texas.
Purpose of the Appraisal: To estimate just and adequate compensation for the
proposed acquisition as of the date of inspection.
Use of the Report: E.stablishino a basis I'or partial acquisition of the
property.
Appraisal & Reporting Standards: Tlie appraisal will be developed and the report will
be prepared in conformity with and subject to the
regUirernents of the Uniform Standards of
Professional Appraisal Practice (USPAP) of the
Appraisal foundation and the Code ol'Professional
Austin Ilouston
7801 N. Capital of•exas Ilwy 9 Suite 220 e Austin, Texas a 512-477-6311
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: $6,500, 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.
Time subsequent to the initial assignment,
including, without limitation, updates, meetings,
depositions, mediation, arbitration, trial and
preparation for testimony,will be paid monthly,as
incurred, at the following hourly rates:
Paul Hornsby, MAI, SRA $650/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 45 days from your written
authorization to proceed.
if"these terms are acceptable, please indicate by executing this agreement and returning one copy
to me. f look forward to working with you on this assiL"lltile lit.
Respectfully Submitted,
Hornsby & Company
Paul Hornsby, MAI, SRA
.Accepted:
City or Round. Rock
llzq
By: Brooks Bennett,, City Date
Manager
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