CM-05-07-119Request for City Council/City Manager Action
City Council v City Manager
erbnii#:C ompleted form for all City Managerand Cit iCouncil=approvals..
Department Name: Legal
Contact Person: Shelley Gonzales/Rose McMillin
Project
Manager/Resource: David Bartels
Project Name: McConico Packing (downtown parking)
Project Coordinator: Contractor/Vendor:
Paul Homsby and Company
Assigned Attomey: Steve Sheets/Don Childs Funding Source: General Self Financed Construction
Amount:
Council or
City Manager
Agenda Date: 1 -Jul -05
Blue Sheet Wording
$3,750.00
Authorization for the City Manager to execute an engagement letter to pay invoices for appraisal services rendered by Paul Hornsy and Company for 120 Brown Street.
Finance Information
Is Funding Required? o Yes 0 No
0
0
Q Purchasing/Service Agreement
Initial Construction Contract
Construction Contract Amendment #
Change Order
Change in Quantity
Unforeseen Circumstances
Initial Professional Services Agreement
Supplemental Professional Svcs. Agr. #
Amount
Purchase Order
Item(s) to be purchased:
XQ Other (Please clearly identify action on lines below)
Authorization for city manager to pay invoices for appraisal
services rendered by Paul Hornsby and Co. for 120 Brown Street
Finance Approval
QFinance L. Olsen Date 6/29/2005
LJFinance N/A E. Wilson Date 6/27/2005
LJPurchasing HB Date 6/28/2005
DBudget N/A CYD Date 6/28/2005
For Submission to City Manaoer Only
Project Mgr. Signature:
Dept. Director Signature.
City Attomey Signature
City Manager Signature:
Date:
Date:
Date:
Date:
proval is required for all items requesting City Manager's approval.
Updated 3-9-05
DATE:
SUBJECT:
ITEM:
BLUE SHEET FORMAT
(Submission to City Manager)
June 24, 2005
City Manager - July 1, 2005
Authorization for the City Manager to execute an
engagement letter with Paul Hornsby & Company for
appraisal services for 120 Brown Street (McConico
Parking).
Department:
Staff Person:
Justification:
Funding:
Cost:
Legal
Steve Sheets/Don Childs
Allow for the City Manager to pay invoices from Paul
Hornsby & Company for appraisal services for 120
Brown Street.
$3,750.00
Source of funds: GO Bonds
Outside Resources: Paul Hornsby & Company
Background Information: 120 Brown Street was taken off of
original engagement letter; signed letter only
included E. Liberty and 110 Brown; new engagement
letter was requested for this parcel alone.
Public Comment: N/A
06/08/2005 22:35 FAX
PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
81002/003
June 18, 2004
Mr. Nyle Maxwell, Mayor
City of Round Rock
221 E. Main Street
Round Rock, TX 78664-5246
Re: Proposal for appraisal services relating to acquisition of a property located at 120
Brown Street in downtown Round Rock, Williamson County, Texas.
Dear Mayor Maxwell:
At your request, I am pleased to provide this proposal for appraisal services on the above -
captioned property. Terms of the assignment are summarized below.
Real Estate to be Appraised: Approximately 6,500 SF of land improved with a
1,583 SF single family residence with associated
improvements, located at 120 Brown Street; at the
northwest corner of Brown Street and Bagdad
Avenue, Round Rock, Williamson County, Texas.
Purpose of the Appraisal: To estimate the market value of the fee simple
interest in the subject property as of the date of
inspection.
Use of the Report: To assist the client in the potential purchase of the
subject property for the purpose of constructing
additional parking in downtown Round Rock.
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 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 appraisal report
as defined by Standard Rule 2-2(b) of USPAP,
2404 Rio Grande Street. Austin, Texas 78704 .512/477-6311. Fax 512/477-1793
cm -Cs -el -11c1
06/08/2005 22:35 FAX Z003/003
Mayor Maxwell
June 18, 2004
Page 2
Fee: $3,750, payable upon completion of the assignment.
The fee reflects a 2 -parcel assignment (see prior
proposal) and is contingent on both appraisals being
undertaken concurrently.
Time spent in addition to the initial appraisal,
including, without limitation, meetings, depositions,
mediation, arbitrations, trial and preparation for
testimony, will be paid monthly, as incurred, at the
following hourly rates:
Paul Hornsby: $250/hour
Staff Appraisers: 5125-$200/hour
Research Assistant: S85/hour
Completion: As soon as possible, but not later than 45 days from
authorization.
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
ii)
Paul Hornsby, MAI, SRA, CRE
President
PH/jjl
Accepted:
Date
City of Round Rock
,Sam esg IU vye- A
, City of Round Rock