CM-08-04-076CITY 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 4, 5, 6 & 7.
Department: Legal
Staff Person: Don Childs
Justification:
Funding:
Cost: $24,700
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 4, 5, 6 & 7.
Updated 3-10-05
S RVtCES
arrium
March 26, 2008
Lisa Dworaczyk
ROW Acquisitions
Sheets & Crossfield, P.C.
309 E. Main
Round Rock, TX, 78664
RE: Appraisal of +/- 4 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
General Comments
4
Large Industrial Building
$8,500
Portion of parking impacted. Also a SW Bell
telephone building (located in an existing
easement) appears to be in the acquisition
and may be bisected. It will have to be valued
or relocated.
5
Large Land Tract
$4,200
Minimal site improvements in acquisition.
Main improvements not near acquisition and
are not impacted. Main improvements will not
be valued but general discussion will be
included.
6
Large Industrial
Manufacturing Building
$7,800
Entire strip on parking along frontage appears
to be impacted.
7
Large Industrial Building
$4,200
Minimal site improvements in acquisition.
Main improvements not in acquisition and are
not impacted. Main improvements will not be
valued but general discussion will be
included.
CM -00- 04-0-7U
Page 2
Ms. Lisa Dworaczyk
March 26, 2008
The estimated completion date of the appraisals of Parcels 4, 5, 6 and 7 is 45 days or less from
the acceptance of this proposal.
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
Li
Lory R. Johnson, MAI, SR/WA
President
Texas Certified Appraiser #TX -1321640-G
Accepted b 3' De
Acce
p y: `� Date:
Please print name: