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CM-10-08-15741,1 PAUL HORNSBY & COMPANY REAL PROPERTY APPRAISERS AND CONSULTANTS Paul Hornsby, MAI, SRA, CRE Chris Hornsby James Warren, MAI Lance Lawson Eli Hanslik, MAI Stuart Morrow Clifford Shaw Melany Adler Dawn Smith Cathy Thomas Steve Bryant Brian Gramling July 27, 2010 Jim Nuse City Manager City of Round Rock 221 E. Main Street. Round Rock, TX 78664 Re: Proposal for appraisal services relating to two partial acquisitions out of a 5.985 acre and 67.08 acre tract of land in the City of Round Rock for the Creek Bend Boulevard extension. Dear Mr. Nuse: As requested, I om pleased to provide this proposal for appraisal services relating to the property captioned above. Terms of assignment are summarized below: Real Estate to be Appraised: Purpose of the Appraisal: Use of the Report: Appraisal and Reporting Standards: y -ib -B- I57 A 5.985 acre and 67.08 acre tract of land in the City of Round Rock for the Creek Bend Boulevard extension. To estimate just compensation for the partial acquisitions. To assist the client in establishing a basis for acquisition of the 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 summary reports as defined by Standards Rule 2-2(b) of USPAP. 2100 Kramer Lane e Suite 550 o Austin, Texas 78758 0 512-477-6311 o (Fax) 512-477-1793 Fee: $9,000 ($4,500 for each appraisal), payable upon delivery of the report. Information Necessary to Complete the Assignment (as available): These fees are predicated on both subjects being vacant land or land component only. Should any improvements need to be appraised, the fee will be adjusted by mutual agreement. 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: $3S0/hour Staff Appraisers: $ 150-$225/hour • Survey • Title commitment • Roadway plans, profiles Completion: Estimated at 30 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, CRE Accepted: % - r D Date City of Round Rock Nuse, City Manag n \\ /\ / \ / /\ / \\ 1 / \ / \ __--\ \ \ A P� ❑ / \\\ a \ / m t, h m N Roy / \ & \ r 8�,0 �,rg N 1c1!:,11 4,,'y\ \\ 1p(.l (1INM t 117555 \ / �`.t. I \ \ I aaO:I-,taa I p ' 1 'I i \\ I r F --E\ ,, \ �. \ QGT/" 1/ // \ / \\ \ \ / �. 'zsnW. \\ \ '1 140 ntWw - Mod. rc z 0 PURPOSE. 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SAULS oQ wW w0, O Q N00'11HS-1X307-002..\S133H5d,0W\NO0\1X3-ON30-X3397-00-00ZIYY\SN,091,110W\,01,00 1.1731\INH\.W .311! 0I0Z/9I/L .3100 101-A3A11/1S,S0d .310011N3d 11d•A3A110S,SOd\S93A1110 101dU11,09011 00,07\1X3-0N30-X33117-00-00ZIHASN,0111-1NIW\0100 H331\11./\.14.113A190 10, U m a U 3 •OOC �uurcag3_. ad ootid / o ; / / \ z �mNr i i /Wecs /r\ \ j g0 00 \ i \ s / / \ \ 7J. to / //// \ \\ \ OD 0Z� N N N 30 /. X ..0 W Vp 0 PURPOSE. PASSION. PROSPERITY wonek FEDERAL NO PROJECT NO. 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GONZALES O Q WW W � O U m ¢U¢ NO0'21H5-1X387-002 I YY\S133HSd1/4,14\NO0\1X3-0N38.X3311,00-002166\SN,M1-I NON\,71,70 11731\1NH\•N •3111 010E/SUL .31,70 181A3AtlOS'fS13d •318,711N3d lld-A3M11S, Sad \ ROA Itl0 101,1\AWtl8I1 00,77\1X3-0N38-X3383.00-013,119\SNtlN1-IN1M\VINO H331\TIC\•N•113A180 101d W2 WT. OJ Z 3 �+ O � J E OII Q Q U WJ r gto 2 CI) CciE-y O r z L O PURPOSE. PASSION. PROSPERITY ks" cq cLcL Z UU A0 Z z => Ww r:a WI X41 W U 2 WILLIAMSON CREEK BEND BLVD s 6 ----------------- O QI N Lee U K DOCUMENT NO. PROPERTY OWNER N3O'C1HS-1X3e,0021YY\S133HS4,. NOG \1X3 - ON. -X33.-00-00ZIYY\SNtl01-INON\tlltl0 Ho31\[HH\IN •31,3 0I0Z/9I/L .31v0 101'13AWIS,SBd.310tl11N3d lld'A3A0115'fSO4\S03AI00 1014\AW 0011 OOtl7\1X3-ON30-X3300-00-00ZI YY\SNtll11-I NIW\tl1tl0 Ig31\INH\sN .tl3AI00 1014 ROUND ROCK, TEXAS PURPOSE. PASSION, PROSPERITY Item Caption: Approval Date: City Manager Approval Summary Sheet Consider executing proposal for appraisal services by Paul Hornsby & Company relating to two parcel acquisitions for Creek Bend Blvd. Extension 08-06-10 Department: Legal Project Manager: Don Childs Item Summary: Consider executing proposal for appraisal services by Paul Hornsby & Company relating to two parcel acquisitions for Creek Bend Blvd. Extension 26.0 Construct major elements of the transportation and mobility system as approved Strategic Plan Relevance: by Council in the Master Transportation Plan. Cost: $9,000.00 Source of Funds: Please use same source as on RFA REV. 6/10/10 00198938.DOC