CM-05-07-122Request for City Council/City Manager Action tii
City Council v City Manager
mit comnlpleted,form for i City Manager and City `Council appreva
Department Name: Legal
Contact Person: Shelley Gonzales/Rose McMillin
Project Manager/Resource: David Bartels
Project Coordinator:
Assigned Attorney:
1: �c ars
P
Blue Sheet Wording
Don Childs
Steve Sheets/Don Childs
8 -Jul -05
Project Name: Sam Bass Road
ContractorNendor: Paul Hornsby and Company
Funding Source: Go Bonds
Amount: $6,375
Authorization for the City Manager to sign an engagement letter/agreement with Paul Hornsby and Company for additional appraisal services for the widening of Sam Bass Road (Parcel 5;
Central Texas Retail Portfolio) Project.
Finance Information
Is Funding Required?
X
Finance Approval
ElFinance
Finance
Purchasing
El Budget
Yes
No
Initial Construction Contract
Construction Contract Amendment
Change Order
Change in Quantity
Unforeseen Circumstances
Initial Professional Services Agreement
Supplemental Professional Svcs. Agr.
Purchasing/Service Agreement
Purchase Order
Item(s) to be purchased:
Amount
Other (Please clearly identify action on lines below)
Authorization to sign engagement letter for additional appraisals for
Sam Bass Road Widening (Parcel 5; Central Texas Retail Portfolio)
L. Olsen
N/A E. Wilson
N/A CYD
Date
Date
Date
Date
$6,375.00
7/6/2005
7/5/2005
7/5/2005
40110n od,3 :rfr keil'iiiitl *010,a'rq"4Nd"cti0,40S ur,
c � Date:7A,/Rsnc
Project Mgr. Signature:
City Manager Signature:
it;00,10.
Date:
Date:1I (I
Date:1 05
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auncil approva
Updated 6-9-05
DATE:
SUBJECT:
ITEM:
BLUE SHEET FORMAT
(Submission to City Manager)
June 28, 2005
City Manager Approval - July 8, 2005
Authorization for the City Manager to sign an engagement
letter/agreement with Paul Hornsby and Company for additional
appraisal services rendered for the widening of Sam Bass Road
(Parcel 5, Central Texas Retail Portfolio) Project.
Department: Legal
Staff Person: Steve Sheets/Don Childs
Justification: Additional appraisal services for the Sam Bass Road
Project
Funding:
Cost: $6,375.00
Source of funds: GO Bonds
Background Information: Increased mobility to the City.
Updated 3-10-05
06/28/2005 20:49 FAX
PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
I j 005/007
June 27, 2005
Mr. Nyle Maxwell, Mayor
City of Round Rock
221 E. Main Street
Round Rock, TX 78664-5246
Re: Proposal for appraisal services relating to 10,347 acres of land improved with a multi -
tenant retail center, located at the northwest corner of Sam Bass Road and Interstate
Highway 35 in Round Rock, Williamson County, Texas.
Dear Mayor Maxwell:
At your request, I asn 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: Whole Property (Parcel 5; Central Texas Retail
Portfolio): Approximately 10.347 acres of land
improved with a multi -tenant retail center, located at
the northwest comer of Sam Bass Road and Interstate
Highway 35,
Part To Be Acquired: An irregular shaped area of
land containing 0.161 acre (7,006 SF) and site
improvements, located along the southwestern
boundary of the whole property.
Remainder: Approximately 10.186 acres of land
improved with a multi -tenant retail center.
Purpose of the Appraisal: To estimate just compensation for the proposed
acquisition.
Use of the Report: To establish a basis for acquisition of right-of-way
for the widening of Sam Bass Road.
C -1Y) - 122_
8303 N. MoPac Expressway, Suite A-150. Austin, Texas 78759 . 512/477-6311. Fax 512/477-1793
06/26/2005 20:49 FAX
Mayor Maxwell
June 27, 2005
Page 2
Appraisal & Reporting
Standards:
Fee:
fj 006/007
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.
The results of our analysis will be set forth in a
summary appraisal report as defined by Standard
Rule 2-2(b) of USPAP.
$6,375, payable upon delivery of the report.
Time spent in addition to the initial appraisal,
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: $250/hour
Staff Appraisers: $125-$200/hour
Research Assistant: $85/hour
Completion: As soon as possible, but not later than 30 days from
authorization.
06/28/2005 20:49 FAX
Mayor Maxwell
June 27, 2005
Page 3
U1007/007
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
7P--)
Paul Hornsby, MAI, SRA, CRE
President
Accepted:
Date
City of Round Rock
�IaxweH Uime.5 Num
, City of Round Rock