CM-12-10-203ROUND ROCK, TEXAS
PURPOSE PION PROSPERITY
Item Caption:
C./14--1
RECEIVE -
OCT 10 2012
City Manager Approval Form
Consider executing an Appraisal Services Agreement with Paul Hornsby & Company for appraisal of lot 2,
Block A, Rutland -Chisholm Trail Subdivision, Round Rock, Texas.
Approval Date: 10/12/2012
Department Name: Finance Department
Project Manager: Cheryl Delaney
Assigned Attorney: Contract Management, Ric Bowden
Item Summary:
Execute an Appraisal Services Agreement related to Lot 2, Block A, Rutland -Chisholm Trail Subdivision, Round Rock, Texas. The
purpose of the appraisal will be to estimate the market value of the Fee simple interest in the subject property as of the date of
inspection. The apprisal 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). Property is adjacent to city owned property (bathing beach).
No. of Originals Submitted: 2
Project Name: Property Appraisal
Cost: $3,750
Source of Funds: General Self -Financed Construction
Source of Funds (if applicable): Select Source Fund
Account Number:
Finance Director Approval: Cheryl Delaney
Date: 10/10/12
Department Director Approval: Cheryl Delaney Date: 10/10/12
**Electronic signature by the Director is acceptable. Please only submit ONE approval form per item. **
CIP I I n Budget
N/A OK
111
N/A OK
Purchasing
ill
N/A OK
Accounting
El CI
N/A OK
ITEMS WILL NOT BE PLACED ON THE COUNCIL OR CM AGENDA W/OUT PRIOR FINANCE AND/OR LEGAL APPROVAL
REV. 6/20/11
PAUL 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
Lance Lawson, MAI
Chris Hornsby, MAI
Clifford Shaw, State Certified
October 8, 2012
Cheryl Delaney
Finance Director
City of Round Rock
221 East Main Street
Round Rock, Texas 78664
Cathy Thomas, State Certified
Melany Adler, State Certified
Dawn Smith, State Certified
Joseph McAweeney, State Certified
Kimberly Garvey, Research Director
Terri Bowden, Business Manager
Kristian Thompson, Administrative Assistant
Re: Proposal for appraisal services relating to Lot 2, Block A, Rutland -Chisholm Trail
Subdivision, Round Rock, Texas
Dear Ms. Delaney:
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: Lot 2, Block A, Rutland -Chisholm Trail
Subdivision, Round Rock, Texas
Purpose of the Appraisal:
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Use of the Report: Internal evaluation
Appraisal & Reporting Standards:
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
777 Main Street • Suite 600 • Fort Worth, Texas 76102 • 817-887-8467
The results of our analysis will be set forth
in a summary report as defined by Standards
Rule 2-2(b) of USPAP.
Fee: $3,750, payable upon delivery of the
report.
Completion:
The fee is predicated on the assumption that
there are no contributory improvements.
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. 1 look forward to working with you on this assignment.
Respectfully Submitted,
Paul Hornsby & Company
!�
Paul Hornsby, MAI, SRA, CR
Accepted:
Date
City of Round Rock, Texas