CM-08-03-069CITY MANAGER BLUE SHEET
DATE: 3/10/08
SUBJECT: City Manager Approval/Approval date 3/14/08
ITEM: Authorization for City Manager to enter into agreement for
appraisal services with Atrium Real Estate Services for the Expansion of N.
Mays --Parcels 1, 2 & 3.
Department: Legal
Staff Person: Don Childs
Justification:
Funding:
Cost: $19,800
Source of funds:
Background Information: Authorization for City Manager to enter into
agreement for appraisal services with Atrium
Real Estate Services for the Expansion of N.
Mays --Parcels 1, 2 & 3.
Updated 3-10-05
arruum
February 29, 2008
Lisa Dworaczyk
ROW Acquisitions
Sheets & Crossfield, P.C.
309 E. Main
Round Rock, TX, 78664
RE: Appraisal of +/- 3 parcels of land located on North Mays Street, City of Round Rock,
Williamson County, TX.
Ms. Dworaczyk:
Initially, thank you for the opportunity to bid on this assignment. This letter will serve as the
proposal for ATRIUM REAL ESTATE SERVICES to perform an appraisal on the above referenced
properties.
Purpose of the Assignment (Scope of Work)
The purpose of the appraisal will be to estimate the market value of the fee simple interest in
the above referenced properties.
Reporting Requirements
The analysis and results of the appraisals will be prepared in conformity with and will be
subject to the requirements of the Code of Professional Ethics and Standards of Professional
Practice of the APPRAISAL INSTITUTE, the Uniform Standards of the Professional Appraisal Practice
as promulgated by the APPRAISAL FOUNDATION as well as the requirements of the STATE OF TEXAS
for State -Certified General Real Estate Appraisers. The appraisals will be a summary report.
Fee and Completion Date
Parcel
Property Type
Fee
1
Vacant Land
$3,800.00
2
Automotive Repair Building
$8,200.00
3
Multi -Tenant Industrial Building
$7,800.00
The estimated completion date of the appraisal of Parcel 2 is within thirty days of the
acceptance of this proposal. The estimated completion date of the appraisals of Parcels 1 and
3 is within forty-five days of the acceptance of this proposal.
CM- t-o3-Olset
Page 2
Ms. Lisa Dworaczyk
February 29, 2008
Miscellaneous Expenses
There are no miscellaneous expenses
General Information
If terms of this proposal are acceptable, please sign below and return to our office.
Again, thank you for the opportunity to work with you on this assignment. ATRIUM REAL ESTATE
SERVICES appreciates the opportunity to be of service to you. Should you have any questions, or
if we can be of further assistance, please feel free to contact our office.
Respectfully submitted,
ATRIUM REAL ESTATE SERVICES
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Lory R. Johnson, MAI, SR/WA
President
Texas Certified Appraiser #TX -1321640-G
Accepted by:
Please print name:
Date:
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