CM-12-08-150PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
AUSTIN • DALLAS/FORT WORTH
Paul Hornsby, MAI, SRA, CRE®
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Krista Laine, MAI
Clifford Shaw
Steve Bryant
July 30, 2012
Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, TX 78664
Lance Lawson
Chris Homsby
Cathy Thomas
Dawn Smith
Corey Smith
Melany Adler
Joseph McAweeney
Re: Proposal for appraisal services relating to a 2,078 SF residence and attendant site
improvements located at 1004 East Rock Cove and a 2,683 SF residence and attendant site
improvements located at 1202 East Rock Cove, Round Rock, Texas.
Dear Mr. Sheets:
As requested, I am pleased to provide this proposal for appraisal services relating to the
properties captioned above. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
A 2,078 SF residence and attendant site
improvements located at 1004 East Rock
Cove and a 2,683 SF residence and attendant
site improvements located at 1202 East
Rock Cove, Round Rock, Texas.
To estimate the market value of the fee
simple interest in the subject properties as of
the date of inspection
Use of the Report: Acquisition of the properties
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
777 Main Street • Suite 600 • Fort Worth, Texas 76102 • 817-887-8467
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 two summary reports as defined by
Standards Rule 2-2(b), of USPAP.
Fee: $5,000 ($2,500 each), payable upon delivery
of the reports.
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-$200/hour
Information Necessary to
Complete the Assignment
(as available): •Survey
•Building floor plans and elevations
•Title commitment
•Any offers to buy or sell the property
within the last three years
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
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Paul Hornsby, MAI, SRA, C
Accepted:
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By: Steve Shccts /l/ o r woo