CM-06-06-136PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
June 13, 2006
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 permanent and temporary
easements for the proposed extension of a wastewater line in 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:
1) Parcel 1: Approximately 1.36 acres of vacant
land located at the northeast corner of D.B.
Wood Road and State Highway 29 (Lot 1,
Block 2, Wood Ranch, Section 5).
2) Parcel 2: Approximately 1.27 acres of vacant
land located along the east line of D.B. Wood
Road, just north of State Highway 29 (Lot 2,
Block 2, Wood Ranch, Section 5).
3) Parcel 3: Approximately 1.45 acres of vacant
land located along the east line of D.B. Wood
Road, just north of State Highway 29 (Lot 3,
Block 2, Wood Ranch, Section 5).
4) Parcel 4: Approximately 1.57 acres of land
improved with a single family residence located
at 106 D.B. Wood Road (Lot 4, Block 2, Wood
Ranch, Section 5).
C8303 N. MoPac Expressway. Suite A-150 • Austin, Texas 78759 • 512/477-6311 • Fax 512/477-1793
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Mayor Maxwell
June 13, 2006
Page 2
Real Estate to be Appraised (cont.): 5) Parcel 5: Approximately 1.56 acres of land
improved with a single family residence located
at 108 D.B. Wood Road (Lot 5, Block 2, Wood
Ranch, Section 5).
6) Parcel 6: Approximately 1.27 acres of land
improved with a single family residence located
at 110 D.B. Wood Road (Lot 6, Block 2, Wood
Ranch, Section 5).
7) Parcel 7: Approximately 1.27 acres of land
improved with a single family residence located
at 112 D.B. Wood Road (Lot 7, Block 2, Wood
Ranch, Section 5).
8) Parcel 8: Approximately 1.26 acres of land
improved with a single family residence located
at 114 D.B. Wood Road (Lot 8, Block 2, Wood
Ranch, Section 5).
9) Parcel 9: Approximately 1.41 acres of land
improved with a single family residence located
at 116 D.B. Wood Road (Lot 9, Block 2, Wood
Ranch, Section 5).
10) Parcel 10: Approximately 1.02 acres of vacant
land located along the east line of D.B. Wood
Road, just south of its intersection with La Mesa
Lane (Lot 10, Block 2, Wood Ranch, Section 5).
11) Parcel 11: Approximately 1.02 acres of land
improved with a single family residence located
at 120 D.B. Wood Road (Lot 1, Wood Ranch,
Section 1, amended).
12) Parcel 12: Approximately 1.02 acres of land
improved with a single family residence located
at 122 D.B. Wood Road (Lot 2, Wood Ranch,
Section 1, amended).
Mayor Maxwell
June 13, 2006
Page 3
13) Parcel 13: Approximately 1.02 acres of land
improved with a single family residence located
at 122 D.B. Wood Road (Lot 3, Wood Ranch,
Section 1, amended).
14) Parcel 14: Approximately 1.01 acres of land
improved with a single family residence located
at 126 D.B. Wood Road (Lot 4, Wood Ranch,
Section 1, amended).
15) Parcel 15: Approximately 1.15 acres of land
improved with a single family residence located
at 128 D.B. Wood Road (Lot 5, Wood Ranch,
Section 1, amended).
16) Parcel 16: Approximately 1.24 acres of land
improved with a single family residence located
at 130 D.B. Wood Road (Lot 6A, Wood Ranch,
Section 1, amended).
17) Parcel 17: Approximately 4.37 acres of land
improved with a single family residence located
at 132 D.B. Wood Road (Lot 7A, Wood Ranch,
Section 1, amended).
18) Parcel 18: Approximately 1.00 acre of land
improved with a single family residence located
at 134 D.B. Wood Road (Lot 8, Wood Ranch,
Section 1, amended).
19) Parcel 19: Approximately 1.00 acre of land
improved with a single family residence located
at 136 D.B. Wood Road (Lot 9, Wood Ranch,
Section 1, amended).
20) Parcel 20: Approximately 1.65 acres of land
improved with a single family residence located
at 138 D.B. Wood Road (Lot 10, Wood Ranch,
Section 1, amended).
Mayor Maxwell
June 13, 2006
Page 4
21) Parcel 21: Approximately 1.65 acres of land
improved with a single family residence located
at 140 D.B. Wood Road (Lot 11, Wood Ranch,
Section 1, amended).
22) Parcel 22: Approximately 1.76 acres of land
improved with a single family residence located
at 142 D.B. Wood Road (Lot 12, Wood Ranch,
Section 1, amended).
23) Parcel 23: Approximately 3.09 acres of land
improved with a single family residence located
at 144 D.B. Wood Road (Lot 13, Wood Ranch,
Section 1, amended).
24) Parcel 24A -E/ B-E/ C -E: Approximately
20.564 acres of vacant land located northeast
corner of D.B. Wood Road and Mason Ranch
Road.
25) Parcel 24D -E: Approximately 26.88 acres of
vacant land (comprised of a 5.1 acre parcel and
21.78 acre parcel) located at the northeast
corner of D.B. Wood Road and Oak Ridge Road.
26) Parcel 24E/ 24E -E: Approximately 33.68 acres
of vacant land located along the north line of
D.B. Wood Road, just northwest of Oak Ridge
Road.
27) Parcel 25E: Approximately 5.16 acres of land
partially improved with a single family
residence located along the northeast line of
D.B. Wood Road, just northwest of Oak Ridge
Road (Lot 3, Home Place).
28) Parcel 26: Approximately 5.358 acres of land
partially improved with a single family
residence located along the northeast line of
D.B. Wood Road, just northwest of Oak Ridge
Road (Lot 2, Home Place).
Mayor Maxwell
June 13, 2006
Page 5
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting
Standards:
Fee:
To estimate just compensation for the proposed
acquisitions.
To assist the client in negotiations involving the
acquisition of temporary and permanent easements
for the proposed extension of a water line.
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 of Professional 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.
$47,250 (cumulative total; see attachment for detail
of fee allocation)
The fee for each appraisal is payable upon
completion of the respective assignment.
The fee reflects a multi -parcel assignment and is
contingent on all appraisals being undertaken
concurrently. The quoted fee assumes appraisals of
land and site improvements. Should additional
improvements need to be appraised, the fee would be
raised to a mutually agreed amount.
Time spent in addition to the initial appraisal,
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
Mayor Maxwell
June 13, 2006
Page 6
Completion: As soon as possible, but not later than 60 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
Paul Hornsby, MAI, SRA, CRE
President
Accepted:
Date
City of Round Rock
le Maxwell
or, City of Round Rock
DATE:
June 13, 2006
CITY MANAGER BLUE
SUBJECT: City Manager Approval - June 16, 2006
ITEM: Authorization for City Manager to enter into an
agreement with Paul Hornsby and Company for appraisal
services for the proposed improvements to the Raw Water
Delivery System.
Department: Legal
Staff Person:
Justification:
Don Childs/Ashley Dawson
There are 26 parcels needed to have appraisals completed
for in order for the 2005 Raw Water System Delivery
Improvements to be made.
Funding:
Cost: $47,250.00
Source of funds:
Background Information:
Updated 3-10-05