CM-09-06-118PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
June 19, 2009
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 E. Main Street
Round Rock, Texas 78664-5246
Re: Proposal for appraisal services relating to the Southwest Downtown Intermodal Transit and
Parking Facility 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:
Purpose of the Appraisal:
Use of the Report:
Appraisal & Reporting
Standards:
Four (4) parcels of land at 307 W Main, 110 S Brown,
310 W Bagdad, and 120 S Brown, Round Rock,
Williamson County, Texas.
To estimate the market value of the fee simple interest
in the subject properties as of the date of inspection.
To assist the client in establishing a basis for
acquisition of 307 W Main, 110 S Brown, and 310 W
Bagdad and to determine the amount of local match
for federal funding associated with 120 S Brown for the
Federal Transit Administration.
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.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • Fax 512-477-1793
Fee:
307 W Main: $4,500
110 S Brown: $5,750
310 W Bagdad: $3,750
120 S Brown: $3,500
The fee is payable in increments upon 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: $325/hour
Staff Appraisers: $150-$195/hour
Completion: Estimated at July 31, 2009.
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, CRE
Accepted:
Date
City of Round Rock
ames R. Nuse, P.E.
•
Le2a1 Description WCAD
Property ID
R351074
R344537
R071328
R344828
E. H. & A. ROUND ROCK JOINT
VENTURE, REPLAT OF LOT 2
BLK 6, BLOCK 6, LOT 2A, ACRES
0.1811
E. H. & A. ROUND ROCK JOINT
VENTURE, BLOCK 6, LOT 1,
ACRES 0.32
ROUND ROCK CITY OF, BLOCK
6, LOT 15-17 & 5pt, ACRES .3113
E. H. & A. ROUND ROCK JOINT
VENTURE, REPLAT OF LT 2 BLK
6, BLOCK 6, LOT 2B, ACRES
0.1492
Owner
WILLIAMSON BURNET COUNTY
OPPORTUNITITES INC
(0383492)
PO BOX 740
GEORGETOWN,TX 78627-0740
U S DEPT HEALTH & HUMAN
SERV (0434439) & WMSN-BUR
CO OPPORTUNITIES
PO BOX 740
GEORGETOWN,TX 78627-0740
JOHNSON, DAIN JAY (00392775)
307 W MAIN AVE
ROUND ROCK,TX 78664
4 120 S BROWN ST CITY OF ROUND ROCK
ROUND ROCK, TX (0011710)
78664 221 E MAIN ST.
ROUND ROCK, TX 78664
Site Address
310 W. BAGDAD AVE
ROUND ROCK, TX
78664
110 S. BROWN ST
ROUND ROCK, TX
78664
307 W MAIN AVE
ROUND ROCK, TX
78664
Parcel
1-.
N
M
DATE:
SUBJECT:
ITEM:
Department:
Staff Person:
Justification:
June 17, 2009
City Manager Approval —June 26, 2009
Consider executing a proposal for appraisal services with Paul Hornsby &
Company relating to the Southwest Downtown Intermodal Transit and Parking
Facility Project.
Legal
Steve Sheets
Appraisal services for four parcels of land located at 307 W. Main, 110 S. Brown,
310 W. Bagdad, and 120 S. Brown relating to the Southwest Downtown
Intermodal Transit and Parking Facility Project.
Funding:
Cost:
Source of funds:
$17,500.00
Outside Resources: N/A
Background Information:
Public Comment: N/A
UPDATED APRIL 2008
00163559.DOC