CM-2015-845 - 7/31/2015 PAUL HORNSBY & COMPANY
p APPRAISERS AND CONSULTANTS
Paul Hornsby,MAI,SRA Clifford Shaw,State Certified
David J.Englund,MAI,SRA Joseph McAweeney,State Certified
Eli Hanslik,MAI Matthew Cox,Appraiser Trainee
Lance Lawson,MAI Kimberly Garvey,Appraiser Trainee
Chris Hornsby,MAI Terri Bowden,Business Manager
Melany Adler,MAI Jennifer Beardsley,Administrative Assistant
Katie Daniewicz,MAI
July 13, 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
Re: Proposal for appraisal services relating to a property located along the south line of Hwy. 79,
just west of N. Georgetown Street, 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: A 5.784 acre tract improved with a 3,500 SF
building located along the south line of
Hwy. 79,just west of N. Georgetown Street,
Round Rock, Texas.
Purpose of the Appraisal: To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Use of the Report: Establishing a basis for acquisition of the
property.
7600 N. Capital of Texas Hwy • Shite B-210 • Austin, Texas 78731 • 512-477-6311
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: $6,500, 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
/_1 al-d
Paul Hornsby, MAI, SRA, CRE
Accepted: City of Round Rock
Date By:
- 1 Q(A,YA
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to 5.784 acres a/k/a Arbor Point for the Brushy Creek
Trail Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 7/31/2015
Dept Director: Steve Sheets
Cost: $6,500.00
Indexes: 2014 General Obligation Bonds
Attachments: 00339105.PDF, 00338263.PDF
Department: Legal Department
Text of Legislative File CM-2015-845
Staff recommends approval.
City of Round Rock Page 1 Printed on 713012015
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal Project Name: Brushy Creek Trail Project
Project Mgr/Resource: Don Childs Contractor/Vendor: Paul Hornsby&Company
Council Action:
ORDINANCE a RESOLUTION
Agenda Wording
xx City Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby&Company relating to 5.784 acres a/k/a Arbor Point for
the Brushy Creek Trail Project.
Attorney Approval
�r
Attorney Date
Notes/Comments
O:\wdox\SCCInts\0199\1507\MISC\00338397.XLS Updated 6/3/08