CM-2015-867 - 8/21/2015PAUL 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, State Certified
August 18, 2015
Laurie Hadley, City Manager
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, L.L.P.
309 East Main Street
Round Rock, Texas 78664
Joseph McAweeney, State Certified
Katie Danie%vl z, 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 1720 Chisholm Trail,
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 15.079 acre tract of land (land only
appraisal) located at 1720 Chisholm Trial,
Round Rock, Texas.
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Establishing a basis for disposition of the
property.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
%-'2oir 9G--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: $4,500, 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 30 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:
Date
City of Round Rock
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City of Round Rock
ROUND
UN ROCK Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a tract of land located at 1720 Chisholm Trail.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 8/21/2015
Dept Director: Steve Sheets
Cost: $4,500.00
Indexes:
Attachments: 00340670.PDF, 00340666.PDF
Department: Legal Department
Text of Legislative File CM -2015-867
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a tract of
land located at 1720 Chisholm Trail.
Staff recommends approval.
City of Round Rock Page 4 Printed on 819/2045