CM-2015-809 - 6/12/2015PAUL HORNSBY & COMPANY
%0 APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA, CF
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Clifford Shaw, State Certified
Melany Adler, State Certified
June 8, 2015
Laurie Hadley, City Manager
City of Round Rock
c/o Don Childs
Sheets & Crossfield, L.L.P.
309 East Main Street
Round Rock, Texas 78664
Joseph McAweeney, State Certified
Katie Daniewicz, State Certified
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating a vacant tract of land located along the east line of
Greenhill Drive, at the eastern terminus of Texas Ave., Round Rock, Texas.
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:
Purpose of the Appraisal:
Use of the Report:
Re: Proposal for appraisal services relating a
6.613 acre vacant tract of land located along
the east line of Greenhill Drive, at the
eastern terminus of Texas Ave., Round
Rock, Texas.
To estimate the market value of the fee
simple interest in the subject property and
adequate compensation for a partial
acquisition as of the date of inspection.
Establishing a basis for partial acquisition of
the property.
2100 Kramer Lane • Suite 550 9 Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
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 Appraisal 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: $5,500, payable upon delivery of the report.
Time spent after the initial assignment,
including, without limitation, updates,
meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates:
Paul Hornsby: $300/hour
MAI Staff Appraisers: $250/hour
State Certified Appraisers: $200/hour
Information Necessary to *Survey
Complete the Assignment -Site Plan
(as available): Title commitment
-Any offers to buy or sell the property
within the last three years
Completion: Estimated at three weeks 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, CR
Accepted:
67-1o/5
Date
City of Round Rock
By: Laurie Hail y
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name:
Project Mgr/Resource: Don Childs
Council Action:
ORDINANCE
Agenda Wording
Fxx-1 City Manager Approval
Project Name: Texas Ave. Extension
Contractor/Vendor: Paul Hornsby & Company
RESOLUTION
UtvtH vvoratng
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the Texas Ave. extension..
Attorney Approval
Attorney Date j
Notes/Comments
O:\wdox\SCClnts\0199\1550\MISC\00336205.XLS Updated 6/3/08
City of Round Rock
RExg5 ROQC Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to the Texas Ave. extension.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 6/12/2015
Dept Director: Steve Sheets
Cost: $5,500.00
Indexes:
Attachments: 00336203. PDF
Department: Legal Department
Text of Legislative File CM -2015-809
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the Texas
Ave. extension.
Staff recommends approval.
City of Round Rock Page 1 Printed on 8/8/2015