CM-2015-999 - 12/11/20150 PAUL HORNSBY & 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
December 3, 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 the leasehold estate held by the Round Rock
Chamber of Commerce in Lots 5 and 6, Block 21, City of Round Rock
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:
The leasehold estate held by the Round
Rock Chamber of Commerce in Lots 5 and
6, Block 21, City of Round Rock.
To estimate the market value of the
leasehold estate.
Establishing a basis for purchase of the
leasehold estate.
The appraisal will be developed and
the
report 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.
6"Lf-2bls--CIC71
7600 Capital of Texas Hwy • Suite B-210 • Austin, Texas 78731 • 512-477-6311
The results of our analysis will be set forth
in an Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $6,500, payable upon delivery of the 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
Completion: Estimated at thirty (30) — forty-five (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
Paul Hornsby, MAI, SRA
Accepted:
City of Round Rock
GG[
By: Laurie Hadley, Uty Manag
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 the leasehold estate held by the Round Rock
Chamber of Commerce in Lots 5 and 6, Block 21.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 12/11/2015
Dept Director: Steve Sheets
Cost:
Indexes:
Attachments: 00347733.PDF, F
Department: Legal Department
Text of Legislative File CM -2015-999
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the
leasehold estate held by the Round Rock Chamber of Commerce in Lots 5 and 6, Block 21.
Staff recommends approval.
Cityof Round Rock Page 1 Printed on 12/10/2015