CM-06-04-06204/05/2006 21:24 FAX
April 3, 2006
( j 002/005
PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
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 right-of-way for the proposed
realignment and widening of Kiphen Road in 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 project, Terms of the assignment are summarized below,
Real Estate to be Appraised:
Purpose of the Appraisal;
Use of the Report:
Parcel 6/6E - (Champion -Meier Assets, Ltd.):
Approximately 74.837 acres of vacant land
located along the south line of Kiphen Road, just
east of Brenda Lane.
Parcel 8 (Whitney Partnership, et al):
Approximately 6,77 acres of vacant land located
at the northwest corner of Kiphen Road and CR
122.
To estimate just compensation for the proposed
acquisitions.
To establish a basis for negotiations involving the
acquisition of right-of-way for the proposed
realignment and widening of Kiphen Road.
Okif -0 V -0.1)/P2
8303 N. MoPac Expressway • Suite A-150 • Austin, Texas 78759 • 512/477-6311 • Fax 512/477-1793
04/05/200E 21:24 FAX
Mayor Maxwell
April 3, 2006
Page 2
Appraisal & Reporting
Standards:
Fee:
Completion:
[2003/005
The appraisals will be developed and the reports
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 ofProfessional
Appraisal Practice of the Appraisal Institute.
The results of our analysis will be set forth in
summary appraisal reports as defined by Standard
Rule 2-2(b), of USPAP.
Parcel 6/6E - Champion -Meier; $4,750
Parcel 8 - WhitneyPartnership; $4,500
Total S9,250
The fee for each appraisal is payable upon
completion of the respective assignment.
The fee reflects a two -parcel assignment and is
contingent on both appraisals being undertaken
concurrently.
Time spent in addition to the initial appraisals,
including, without limitation, updates, meetings,
depositions, mediation, arbitrations, hearings, 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
As soon as possible, but not later than 45 days
from authorization.
04/05/2006 21:24 FAX
Mr. Maxwell
April 3, 2006
Page 3
fl 004/005
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 J CRE
President
Accepted:
Date
City of Round Rock
City of Round Rock
UV_ e, fy
04/05/200E 21:24 FAX
z
8
N
W
0
r
VI 005/005
CITY MANAGER BLUE SHEET
DATE: April 7, 2006
SUBJECT: April 14, 2006
ITEM: City Manager to enter into an engagement letter for professional
services with Paul Hornsby and Company for the Kiphen Road
(CR 113) improvement project (parcels 6/6e and 8).
Department: Legal
Staff Person: Don Childs
Justification: New appraisals will need to be drawn up due to the
realignment plan of Kiphen road.
Funding:
Cost: $9,250.00
Source of funds: 4B Round Rock Transportation System Funds
Background Information:
Updated 3-10-05
Request for City Council/City Manager Action
0 City Council I ; City Manager
Submit completed form for ALL City Manager and City Council approvals.
Department Name:
Contact Person:
LEGAL
Shelley Gonzales/Rose McMillin
Project Manager/Resource: Bin Stablein
Project Coordinator: Don Childs
Assigned Attorney: Steve Sheets/Don Childs
Council or City Manager
Approval/Agenda Date: 14 -Apr -06
Blue Sheet Wording
APR 13 u b -
For Administration Use ONLY
Tag
Documents
Scan Date.
Return to
Project Name: Kiphen Road
drb'llJe2
ContractorNendor: Paul Hornsby & Company
Funding Source: 4B -Round Rock Transportation System Funds
Amount: $9,250
City Manager to enter into an engagement letter for professional services with Paul Hornsby and Company for the Kiphen Road (CR 113) improvement project (Parcels 6/6E and 8).
Finance Information
Is Funding Required? FM Yes No
X
Finance Approval
ElFinance
Finance
ElPurchasing
EJBudget
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:
Other (Please clearly identify action on lines below)
Enter into professional services for the Kiphen Road/CR 113
Improvement project - apprsls will be done by Paul Hornsby and Co.
L. Olsen
N/A E. Wilson
N/A CYD
Date
Date
Date
Date
Amount
$9,250.00
4/12/2006
4/11/2006
4/11/2006
For Submission to ALL Citv Council and City Manager Action Items
lC l� Date:
Project Mgr. Signature:
Dept. Director Signature:
City Attorney Signature:
City Manager Signature:
Date:
Date:
Date:
6
* Dept. Director and Lemma/ Approval and is required for ALL items requesting City Manager/City Council approval.
Updated 6-9-05