CM-2015-827 - 7/6/2015' PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA, CR
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Clifford Shaw, Slate Certified
Melany Adler, Stale Certified
June 25, 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, Slate 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 a tract of land located at 1616 Red Bud Lane,
Round Rock, Texas.
Dear Ms. Hadley:
As requested, I am pleased to provide this proposal for appraisal services relating to the property
captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Use of the Report:
A 2.521 acre tract of land (land only
appraisal) located at 1616 Red Bud Lane,
Round Rock, Texas.
To estimate the market value of the fee
simple. interest in the subject site and
adequate compensation for a public utility
easement acquisition and a temporary
construction easement as of the date of
inspection.
Establishing a basis for a partial easement
acquisition of the property.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
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S --Y-9- -7
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 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: $3,800, payable upon delivery of the report.
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, C
Accepted:
City of Round Rock
-�7- ( - D-0/ �-
Date By: Laurie Hadle
City of Round Rock
RCK
�oxu 5 R° Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to the Fire Station #8.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 7/3/2015
Dept Director: Steve Sheets
Cost: $3,800.00
Indexes:
Attachments: 00337482.PDF, 00337587.PDF
Department: Legal Department
Text of Legislative File CM -2015-827
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the Fire
Station #8.
Staff recommends approval.
City of Round Rock Page 1 Printed on 612912015
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name:
Project Mgr/Resource: Don Childs
Council Action:
ORDINANCE
Agenda Wording
xx City Manager Approval
Project Name: Fire Station #8
Contractor/Vendor: Paul Hornsby & Company
RESOLUTION
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the Fire Station # 8.
Attorney Approval
®Attorney �an (rC1. Date (1•26.15
O:\wdox\SCClnts\0199\1550\MISC\00336205.XLS Updated 6/3/08