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CM-13-07-100ROUND ROCK TEXAS PURPOSE R&SION PROSPFRITY City of Round Rock Agenda Item Summary Agenda Number: Title: Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the 9.506 acre tract of land on Harrell Parkway (YMCA Tract) Type: City Manager Item Governing Body: City Manager Approval Agenda Date: 7/5/2013 Dept Director: Steve Sheets Cost: $4,000.00 Indexes: Attachments: 00277920.PDF, 00277922.PDF Text of Legislative File CM -13-07-100 Staff recommends approval. City of Round Rock Page 1 Printed on 7/3/2013 LEGAL DEPARTMENT APPROVAL FOR CITY COUNCIL/CITY MANAGER ACTION Required for Submission of ALL City Council and City Manager Items Department Name: Legal Project Mgr/Resource: Steve Sheets Council Action: ORDINANCE Agenda Wording Project Name: Appraisal Services ContractorNendor: Paul Hornsby & Company n RESOLUTION City Manager Approval CMA Wording Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a 9.506 acre tract of land on Harrell Parkway (YMCA Tract). Attorney Approval Attorney Notes/Comments Date ---7Hk3 3 O:\wdox\SCCInts\0112\1300\MISC\00277920.XLS Updated 6/3/08 PAUL HORNSBY & COMPANY APPRAISERS AND CONSULTANTS AUSTIN • DALLAS/FORT WORTH Paul Homsby, MAI, SRA, CRE David J. Englund, MAI, SRA Eli Hanslik, MAI Lance Lawson, MAI Chris Hornsby, MAI Dawn Smith, MAI Clifford Shaw, State Certified June 20, 2013 City of Round Rock c/o Steve Sheets Sheets & Crossfield, P.C. 309 E. Main Street Round Rock, TX 78664 Catherine A. Thomas, State Certified Melany Adler, State Certified Joseph McAweeney, State Certified Katie Daniewicz, State Certified Kimberly Garvey, Research Director Terri Bowden, Business Manager Kristian Thompson, Administrative Assistant Re: Proposal for appraisal services relating to a 9.506 acre tract of land on Harrell Parkway, Round Rock, Texas. (YMCA Tract) Dear Mr. Sheets: As requested, I am pleased to provide this captioned above. Terms of the assignment Real Estate to be Appraised: Purpose of the Appraisal: Use of the Report: Appraisal & Reporting Standards: proposal for appraisal services relating to the property are summarized below. A 9.506 acre tract of land on Harrell Parkway, Round Rock, Texas. (YMCA Tract) To estimate the market value of the fee simple estate as of the date of inspection. Establishing a basis for acquisition of the property. 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 e M -13-o-1 - /oC Fee: Completion: The results of our analysis will be set forth in a summary report as defined by Standards Rule 2-2(b), of USPAP. $4,000, payable upon delivery of the report. 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: Date City of Round Rock By: Steve No ood City Manager