CM-12-11-236ROUND ROCK, TEXAS
PURPOSE. PtiSSION. PROSPERITY.
Item Caption:
Approval Date:
Cnvl-1i-1I- Z3°
RECEIVED
City Manager Approval Form
NOV 01 2012
Consider executing an Engagement Agreement with Paul Hornsby & Company for appraisal services
related to the acquisition of right of way for the Brushy Creek Gaps Trail Project from John Bolt Harris,
ciican F(irknx Flarm anti the krkny Family I ivina Tnict
November 2, 2012
Department Name: Legal
Project Manager:
Assigned Attorney: Charlie Crossfield/Jason Rammel
Item Summary:
Appraisal services for the acquisition of a 2.626 acre tract from John Bolt Harris, Susan Hickox Harris, and the Hickox Family Living
Trust for the Brushy Creek Gaps Trail Project. The appraisal is necessary due to the landowners' opposition to the Project.
No. of Originals Submitted: 2
Project Name: Brushy Creek Gaps Trail
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
Department Director Approval:
Date: 10/31/12
Date:
**Electronic signature by the Director is acceptable. Please only submit ONE approval form per item. **
CIP 1-7 I ► Budget F-7 l l Purchasing I I Accounting 1-7 i l
N/A OK N/A OK N/A OK N/A OK
ITEMS WILL NOT BE PLACED ON THE COUNCIL OR CM AGENDA W/OUT PRIOR FINANCE AND/OR LEGAL APPROVAL
0123.1205; 00261337.pdf
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 26, 2012
City of Round Rock
Steve Norwood
City Manager
221 E. Main Street
Round Rock, TX 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 a 111.104 acre tract of land located along the south
line of Palm Valley Road, the south line of the Union Pacific Railroad, and the north line of
Brushy Creek, Round Rock, Texas.
Dear Mr. Norwood:
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:
A 111.104 acre tract of land located along
the south line of Palm Valley Road, the
south line of the Union Pacific Railroad, and
the north line of Brushy Creek, Round Rock,
Texas.
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection and compensation for
a trail and access easement.
Establishing a basis for the acquisition of the
referenced easement.
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
23u
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.
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
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
•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
Paul Hornsby, MAI, SRA, C
Accepted:
H/0,114
Date
City of Round Rock
By: Steve Norwood