CM-11-02-033ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY.
City Manager Approval Summary Sheet
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating
Item Caption: to acquisitions for the Arterial A, Phase 1 Project (Parcels 5 & 6).
Approval Date: February 11, 2011
Department: Legal
Project Manager: Don Childs/Steve Sheets
Item Summary:
This is a request for execution of a proposal for appraisal services by Paul Hornsby & Company relating to
acquisitions for the Arterial A, Phase 1 Project (Parcels 5 & 6).
Strategic Plan Relevance: 26.0 Construct major elements of the transportation and mobility system as approved
by Council in the Master Transportation Plan.
Cost: $4,500.00
Source of Funds:
00213965. DOC
REV. 6/10/10
PAUL HORNSBY & COMPANY
REAL PROPERTY APPRAISERS AND CONSULTANTS
Paul Homsby, MAI, SRA, CRE®
David J. Englund, MAI, SRA
James Warren, MAI
Eli Hanslik, MAI
Clifford Shaw
Steve Bryant
Lance Lawson
January 31, 2011
City of Round Rock
c/o Charlie Crossfield
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, TX 78664
Chris Hornsby
Stuart Morrow
Cathy Thomas
Dawn Smith
Corey Smith
Melany Adler
Brent Dickey
Re: Proposal for appraisal services relating to partial right of way acquisitions for Arterial A,
Phase 1, Round Rock, Texas. (Parcels 5 & 6)
Dear Mr. Crossfield:
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:
0.387 and 1.677 acre acquisitions out of a
107.17 acre tract of land on the south line of
Highway 79, Round Rock, Texas.
To estimate the just compensation for the
acquisitions.
To assist the client in establishing a basis for
right of way acquisition.
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.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
ell- «-02-- 033
The results of our analysis will be set forth
in a summary report as defined by Standards
Rule 2-2(b) of USPAP.
Fee: $4,500, payable upon delivery of the report.
Completion:
Time subsequent to the initial assignment,
including, without limitation, meetings,
depositions, mediation, arbitration, trial and
preparation for testimony, will be paid
monthly as incurred, at the following hourly
rates:
Paul Hornsby: $250/hour
Staff Appraisers: $150-$195/hour
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, C
Accepted:
e9// /.0/1
Date
City of Round Rock
By: Steve Norwood