CM-09-09-170PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
etY1- 09 -CR -17C
August 17, 2009
City of Round Rock
221 East Main Street
Round Rock, Texas 78664
Re: Proposal for appraisal services relating to the Arterial C (Deep Wood Drive)
ROW project, City of Round Rock, Texas.
Dear Mr. Nuse:
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:
Two parcels of land along FM 620 at the
intersection of Deep Wood Dr., City of Round
Rock, Texas.
1) A 326 SF acquisition out of a 1.483 acre tract
of land.
2) A 1.363 acre acquisition out of a 9.92 acre
tract of land.
Purpose of the Appraisal: To estimate just compensation for the proposed
acquisitions.
Use of the Report: To assist the client in establishing a basis for
acquisition of the properties.
Appraisal & Reporting
Standards: 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
summary reports as defined by Standards Rule 2-
2(b) of USPAP.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • Fax 512-477-1793
Fee: $9,000 ($4,500 for each property)
The fee is payable in increments upon delivery of
each report. It is predicated on the assumption
that only land components are to be appraised.
Should improvements be impacted, the fee will be
increased to a mutually acceptable amount.
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 September 30, 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: City of Round Rock
Date
ames R. Nuse, City Manager
DATE: August 31, 2009
SUBJECT: City Manager Approval — September 4, 2009
ITEM: Consider executing a proposal for appraisal services with Paul Hornsby and
Company for appraisals on the c Arterial "C" (Deep Wood Dr.) ROW project.
Department:
Staff Person:
Justification:
Funding:
Cost:
Source of funds:
Legal
Don Childs/Steve Sheets
$9,000.00
Outside Resources: N/A
Background Information:
Public Comment: N/A
UPDATED APRIL 2008
05/12/2009
Request for City Council/City Manager Action
City Council El City Manager
Submit completed form for all City Manager and City Council approvals.
Department Name: Legal
Contact Person: Don Childs / Lisa Dworaczyk / Rose McMillin
Project Mgr/Resource: Don Childs
Project Name: Arterial c (Deep Wood Dr.)
ContractorNendor: Paul Homsby
Funding Source: RR Trans Dev Corp Construction
Project Coordinator: Tom word Additional funding Source:
Amount
Account Number:
Assigned Attomey: Steve Sheets
City Council or City Manager Approval Date:
Agenda Wording
09/04/2009
$9,000.00
Consider executing a proposal for appraisal services with Paul Hornsby and Company for appraisals on the c Arterial °C' (Deep Wood Dr.) ROW project
Finance Information
Is Funding Required? Yes
Initial Construction Contract
Construction Contract Amendment # _
EJ Change Order #
Q
11jChange in Quantity 111Unforeseen Circumstances
Initial Profes ional Services Agreement
Supplemental Professional Service Agreement #_
Purchasing/Service Agreement
Purchase Order
Item(s) to be purchased
No
0
Other (Please clearly identify action on lines below)
appraisal services
Amount
9,000
Use ROW budget
Required for Submission of ALL City Council and City Manager Items
Project Mgr, Signature: Lisa Dworaczyk
Dept. Director Signature:
*City Attorney Signatu
Date:
Date:
Date:
08/31/2009
CA •. mems and Setti su�p ra -A,(, REVISED 09/02/2009
City Manager Signature: n9 DBte:1Lo�rlitlj' r1 ary Internet FileslOLK64F1&31-09_Lisa_Legal_RFA_Arterial C (00170296).XLS
v
*City Attorney signature is required for all items.
LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION
Required for Submission of ALL City Council and City Manager Items
Department Name: Legal
Project Mgr/Resource: Don Childs
[]Council Action:
ORDINANCE
Agenda Wording
Project Name: Arterial C (Deep Wood Dr.)
ContractorNendor: Paul Hornsby and Company
RESOLUTION
City Manager Approval
CMA Wording
Consider executing a proposal for appraisal services with Paul Hornsby and Company for appraisals on the c Arterial "C" (Deep
Wood Dr.) ROW project.
Attorney Approval
Attorney
Notes/Comments
Date 9/04/0
O:\wdox\SCCInts10199\71201M I SC\00170297.XLS
Updated 6/3/08