R-03-05-22-11A2 - 5/22/2003WHEREAS, the City of Round Rock desires to retain professional
appraisal services regarding the acquisition of right -of -way for the
State Highway 45 Project, and
WHEREAS, Paul Hornsby & Company has submitted a letter of
agreement to provide said services, and
WHEREAS, the City Council desires to enter into said letter of
agreement with Paul Hornsby & Company, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Mayor is hereby authorized and directed to execute on behalf
of the City a letter of agreement with Paul Hornsby & Company for
appraisal services regarding the acquisition of right -of -way for the State
Highway 45 Project, a copy of said letter of agreement being attached
hereto as Exhibit "A" and incorporated herein for all purposes.
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted
upon, all as required by the Open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 22n day of May, 200
j-r
3.
CHRISTINE R. MARTINEZ, City Secret
®PFOesktop \ ::QOWA /WO &L00%/ 0 . /WOOX /RFSOLUTI /R30522A2.WYO /dc
RESOLUTION NO. R- 03- 05- 22 -11A2
NY
City
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: ∎. 1 / �
:f Rock, Texas
' MAY.14.2003 1 :18PM FREDERICK & HORNSBY
May 14, 2003
City of Round Rock
Attn: Tim Nuse, City Manager
City Hall
221 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to the security interest in the Rotmdville
Partners, L.L.C. property, Williamson, County, Texas.
Dear Mr. Nuse:
PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
NO. 756 P.2'4
As requested, I are pleased to provide this proposal for appraisal services relating to the
property captioned above. Terms of assignment are summarized below:
Properly To Be Appraised: The security interest, created by a note and deed of
trust, in Lot 4, Henderson "Tract Subdivision,
Williamson County, Texas. The property will be
appraised: (1) with collateral provided by Lot 4, a
0.86 acre tract of Land; and (2) with collateral
provided by the remainder of Lot 4 after a taking
for right of way expansion.
Purpose Of The Appraisal: To estimate the market value of the security
interest as of the date of taking, in its before and
after condition.
Use Of The Report: To assist the client in support of litigation
proceedings.
Appraisal & Reporting The appraisal will be developed and the report
Standards: will be prepared in conformity with and subject to
the requirements of the Uniform Standards of
1717 West 6' Street • Suite 250 . Austin, Texas 78703 • 512/477.6311 • Fax 5121477 - 1793
EXHIBIT
A
'MgY.14.2003 1 :18PM FREDERICK & HORNSBY -
May 14, 2003
Mr. Jim Nuse
City of Round Rock
Page 2 of 3
Fee:
Information Necessary To
Complete The Assignment
(as available):
Co
N0,756 P.3/4
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.
We will undertake a complete appraisal, the
results of which will be set forth in a summary
report as defined by Standards Rule 2-2(b) of
USPAP.
$8,750 payable upon delivery of the report.
Time subsequent to the initial assignment,
including without limitation, meetings,
depositions, mediation, arbitration, trial and
Preparation for testimony, will be paid monthly, as
incurred, at the following hourly rates:
Paul Hornsby; $235/hour
Staff Appraisers: $125 - $200/hour
Research Assistant: $85/hour
• Date of taking.
• Any appraisals that have been undertaken on the
property.
• Right of way plans and profiles.
• Copy of the promissory note.
• Information on payment history and financials
on mortgagor.
Estimated at 30 days from Written authorization to
proceed and receipt of the information necessary
to complete the assignment.
MRY.14.2003 1 :19PN FREDERICK & HORNSBY
May 14, 2003
Mr. Jim Nuse
City of Round Rock
Page 3 of 3
If these terms are acceptable, please indicate by executing this agreement and returning
one copy to me. 1 look forward to working with you on this assignment.
Respectfully submitted,
PAUL HORNSBY & COMPANY
aul Hornsby, MAI, SRA,
PH/amk
Accepted:
Date
City of Round Rock
By er
tJ 1te
1-tA4.wc 1 t, (MAT) r
N0.756 P.4/4
4 . .
DATE: May 15, 2003
SUBJECT: City Council Meeting — May 22, 2003
ITEM: * 11.A.2. Consider a resolution authorizing the Mayor to execute an
engagement letter with Paul Hornsby & Company for professional
appraisal services for right -of -way acquisitions on the SH 45
Project.
Resource: Steve Sheets, City Attorney
Don Childs, Legal Department
History: Appraisal services are necessary for the acquisition of right -of -way for the
State Highway 45 project.
Funding
Cost: $8,750.00
Source of Funds: 4B Corporation Project Funds
Outside resources: Sheets & Crossfield, P.C.
Impact/ Benefit: N/A
Public Comment: N/A
Sponsor: N/A
.MRY.14.2003 1:18PM FREDERICK & HORNSBY
May 14, 2003
City of Round Rock
Attn: Jim Nuse, City Manager
City Hall
221 East Main Street
Round Rock, Texas 78664
Dear Mr. Nuse:
PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
NO.756 P.2-'4
Re: Proposal for appraisal services relating to the security interest in the RoundviIle
Partners, L.L.C. property, Williamson, County, Texas.
As requested, I am pleased to provide this proposal for appraisal services relating to the
property captioned above. Terms of assignment are summarized below:
Property To Be Appraised: The security interest, created by a note and deed of
trust, in Lot 4, Henderson Tract Subdivision,
Williamson County, Texas. The property will be
appraised: (1) with collateral provided by Lot 4, a
0.86 acre tract of land; and (2) with collate
provided by the remainder of Lot 4 after a taking
for right of way expansion.
Purpose Of The Appraisal: To estimate the market value of the security
interest as of the date of taking, in its before and
after condition,
Use Of The Report: To assist the client in support of litigation
proceedings.
Appraisal & Reporting The appraisal will be developed and the report
Standards: will be prepared in conformity with and subject to
the requirements of the Uniform Standards of
1717 West 6 Street • Suite 250 • Austin, Texas 78703.512/477 -6311 • Fax 512/477 -1793
12- 03 -05- as -8A.2)
MAY.14.2003 1:18PM FREDERICK & HORNSBY -
May 14, 2003
Mr. Tim Nuse
City of Round Rock
Page 2 of 3
Fee:
Information Necessary To
Complete The Assignment
(as available):
Completion:
NO. 756_ P.3/4
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.
We will undertake a complete appraisal, the
results of which will be set forth in a summary
report as defined by Standards Rule 2-2(b) of
USPAP.
$8,750 payable upon delivery of the report.
Time subsequent to the initial assignment,
including without limitation, meetings,
depositions, mediation, arbitration, trial and
preparation for testimony, will be paid monthly, as
incurred, at the following hourly rates:
Paul Hornsby; $235/hour
Staff Appraisers; $125 - $200/hour
Research Assistant: $85/hour
• Date of taking.
• Any appraisals that have been undertaken on the
property
• Right of way plans and profiles.
• Copy of the promissory note.
• Information on payment history and financials
on mortgagor.
Estimated at 30 days from written authorization to
proceed and receipt of the information necessary
to complete the assigmnent.
,MAY.14.2003 1:19PM FREDERICK & HORNSBY -
If these terms are acceptable, please indicate by executing this agreement and returning
one copy to me. Hook forward to working with you on this assignment,
Respectfully submitted,
PAUL. HORNSBY & COMPANY
aul Hornsby, MAI, SRA, C
PH/amk
Accepted:
Date
May 14, 2003
Mr. Jim Nuse
City of Round Rock
Page 3 of 3
E as -03
__ _NO _756 P. 4/4
Mayor
Nyle Maxwell
Mayor Pro -tem
Tom Nielson
Council Members
Alan McGraw
Carrie Pitt
Scot Knight
Isabel Gallahan
Gary Coe
City Manager
Jim Nuse
City Attorney
Stephan L. Sheets
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY.
May 29, 2003
Mr. Paul Hornsby, President
Paul Hornsby & Company
1717 West 6th Street, Suite 250
Austin, TX 78703
Dear Mr. Hornsby:
The Round Rock City Council approved Resolution No. R- 03- 05 -22-
11A2 at their regularly scheduled meeting on May 22, 2003. This
resolution approves the Letter of Agreement for professional appraisal
services regarding the acquisition of right -of -way for the State Highway
45 Project.
Enclosed is a copy of the Resolution and original agreement for your
files. If you have any questions, please do not hesitate to contact Steve
Sheets at 255 -8877.
Sincerely,
Sherri Monroe
Assistant City Secretary
Enclosure
CITY OF ROUND ROCK Administrative Dept. zzt East Main Street • Round Rock, Texas 78664
Phone, 512 218.5400 • Fax, 512.218.7097 • www.ci.round rock.tx.us