CM-2015-824 - 7/6/2015PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Homsby, MAI, SRA, CR
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Clifford Shaw, State Certified
Melany Adler, State Certified
June 12, 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 to two (2) tracts located along the east line of S.
Mays Street, just north of W Nash Street, Round Rock, Texas.
Dear Ms. Hadley:
As requested, I am pleased to provide this proposal for appraisal services relating to the
properties captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
Tract 1: a 7.024 acre tract improved with a
single family residence and Tract 2: a 13.17
acre tract (land only appraisal) both located
along the east line of S. Mays Street, just
north of W Nash Street, Round Rock,
Texas.
To estimate the market value of the fee
simple interest in the subject properties as of
the date of inspection.
Establishing a basis for
acquisition/disposition of the properties.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
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Appraisal & Reporting Standards: 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 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: Tract 1: $6,500, payable upon delivery of
the report.
Tract 2: $2,500 payable upon delivery of the
report.
The fees assume both tracts will be
appraised concurrently.
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 45 days 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, 1C
Accepted:
/` 61. !J`'/J
Date
City of Round Rock
"a�
By: Laurie H dley
City of Round Rock
ROUND ROCK
TEXA5 Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to two tracts of land along S. Mays St. just north of W.
Nash St.: (1) a 7.024 acre tract improved with a single family residence,
and (2) a 13.17 acre tract of land.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 7/3/2015
Dept Director: Steve Sheets
Cost: $9,000.00
Indexes:
Attachments: 00337481.PDF, 00337507.PDF
Department: Leqal Department
Text of Legislative File CM -2015-824
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to two tracts of
land along S. Mays St. just north of W. Nash St.: (1) a 7.024 acre tract improved with a single family
residence, and (2) a 13.17 acre tract of land.
Staff recommends approval.
City of Round Rock Page 1 Printed on 012912015
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal
Project Mgr/Resource: Steve Sheets
Council Action:
ORDINANCE
Agenda Wording
xx City Manager Approval
0
Project Name: Mays St.
ContractorNendor: Paul Hornsby & Company
RESOLUTION
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to two tracts of land along S. Mays St.
just north of W. Nash St.: (1) a 7.024 acre tract improved with a single family residence. and (2) a 13.17 acre tract of land.
Attorney Approval
Date 6 �
®Attorney %. l5
O:\wdox\SCClnts\0199\01121225\MISC\00337169.XLS Updated 6/3/08