CM-2015-1004 - 12/18/2015No
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 11, 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, Stale Certified
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Tem Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to one (1) parcel on the University Blvd. project,
Round Rock, Texas.
Dear Mr. Sheets:
As requested, 1 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:
Datamax ROW: improved with an 11,340
SF (WCAD) industrial warehouse.
To estimate just and adequate compensation
as of the date of inspection.
Establishing a basis for partial acquisition of
the subject property.
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
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 75731 • 512-477-6311 •
(Fax)512-477-1793
Fee:
Appraisal Institute.
The results of our analysis will be set forth
in an Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
Datamax ROW: $7,500; whole property
acquisition, improvements and land to be
appraised.
The fee is payable on the 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
Information Necessary to . Surveys
Complete the Assignment (as available):
• Inspection reports
• Title commitment
• Site Plans
• Any offers to buy or sell the property
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
PO -44
Paul Hornsby, MAI, SRA
Accepted:
Ci of Round Rock
By: Laurie Hadley, City Manager
Date
City of Round Rock
ROUND ROCK
Taws Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to one (1) tract of land related to the University
Boulevard project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 12/18/2015
Dept Director: Steve Sheets
Cost:
Indexes:
Attachments: 00348333.PDF, 00348334.PDF
Department: Legal Department
Text of Legislative File CM -2015-1004
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to one (1) tract of land related to the University Boulevard project.
Parcels to be appraised:
Datamax--Whole property valuation for potential negotiated purchase
Staff recommends approval.
City of Round Rock Page 1 Printed on 12/17/2015