CM-2015-978 - 11/13/2015PAUL HmNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
November 2, 2015
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Clifford Shaw, State Certified
Joseph McAweeney, 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 six (6) parcels on the University Blvd. project.
Round Rock, Texas.
Dear Mr. Sheets:
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:
3 ROW: improved with a retail strip center;
site improvements in acquisition.
4A PUE: improved with an HEB anchored
shopping center;
4A ROW: improved with an HEB anchored
shopping center; site improvements in
acquisition.
4B ROW: improved with an HEB gas
station; site improvements in acquisition.
5 PUE: improved with a Chase bank
5 ROW: improved with a Chase bank; site
improvements in acquisition.
10 ROW: developed with street
improvements; site improvements in
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
l� 12071 �' q7 d
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting Standards:
Fee:
acquisition.
10 PUE: Improved with a TGIF Fridays
Restaurant
11 ROW: Improved with a TGIF Fridays
Restaurant, site improvements in
acquisition.
To estimate just and adequate compensation
as of the date of inspection.
Establishing a basis for partial acquisition of
the subject properties.
The appraisals will be developed and the
reports 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 Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
3 ROW: $3,900, only the land and site
improvements in the acquisition are to be
appraised.
4A PUE & ROW: $4,500, only the land and
site improvements in the acquisition are to
be appraised.
4B ROW: $3,900, only the land and site
improvements in the acquisition are to be
appraised.
5 ROW & PUE: $4,500, only the land and
site improvements in the acquisition are to
be appraised.
10 ROW: $3,900, only the land and site
improvements in the acquisition are to be
appraised.
I I ROW & PUE: $4,500, only the land and
site improvements in the acquisition are to
be appraised.
Payable incrementally on the delivery of
each report.
Time subsequent to the initial assignment,
including, without limitation, updates,
meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be paid monthly, as incurred,
at the following hourly rates:
Paul Hornsby: $300/hour
MAI Staff Appraisers: $250/hour
State Certified Appraisers: $200/hour
Research Staff: $125/hour
Information Necessary to
Complete the Assignment (as available): • Surveys
• Inspection reports
• Title commitment
• Site Plans
• Any offers to buy or sell the properties
within the last three years.
Completion: Estimated at 30-45 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
P axz4e
Paul Hornsby, MAI, SRA
Accepted:
City pf Round Rock
a -y
By: Laurie Hadley, City Manager
Date
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 six (6) tracts of land on University Boulevard.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/13/2015
Dept Director: Steve Sheets
Cost:
Indexes:
Attachments: 00346193.PDF, 00346197.PDF
Department: Legal Department
Text of Legislative File CM -2015-978
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to six (6) tracts of land on University Boulevard.
Parcels to be appraised:
Parcel 3/ University Oaks Blvd- ROW only
Parcel 4/ HEB- ROW and PUE
Parcel 5/ Chase- ROW and PUE
Parcel 101 University Oaks Blvd- ROW only
Parcel 11/TGIF- ROW and PUE
Staff recommends approval.
City of Round Rock Page 1 Printed on 11/12/2015