CM-13-09-162City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a 9.572 acre tract of land located at the northwest
corner of A.W. Grimes Boulevard and Thompson Trail for the Logan Drive
Extension Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 9/27/2013
Dept Director:
Steve Sheets
Cost: $4,500.00
Indexes:
Attachments:
Text of Legislative File CM -13-09-162
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a 9.572 acre
tract of land located at the northwest corner of A.W. Grimes Boulevard and Thompson Trail for the Logan
Drive Extension Project.
Staff recommends approval.
City of Round Rock Page 1 Printed on 9/23/2013
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: Don Childs
Council Action:
Project Name: Appraisal Services
ContractorNendor: Paul Hornsby & Company
ORDINANCE
Agenda Wording
n RESOLUTION
City Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a 9.572 acre tract of land located at
the northwest corner of A.W. Grimes Boulevard and Thompson Trail.
Attorney Approval
17 Attorney
Notes/Comments`
Date q -a.3 --13
0:\wdox\SCCInts\0127\1300\MISC\00283268.XLS Updated 6/3/08
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA, CRE
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Dawn Smith, MAI
Catherine A. Thomas, MAI
September 23, 2013
City of Round Rock
c/o Don Childs
2008 Enterprise Drive
Round Rock, TX 78664
Clifford Shaw, State Certified
Melany Adler, State Certified
Joseph McAweeney, State Certified
Katie Daniewicz, State Certified
Kimberly Garvey, Research Director
Terri Bowden, Business Manager
Re: Proposal for appraisal services relating to a 9.572 acre tract of land located at the northwest
corner of A.W. Grimes Boulevard and Thompson Trail, Round Rock, Texas.
Dear Mr. Childs:
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 9.572 acre tract of land located at the
northwest comer of A.W. Grimes Boulevard
and Thompson Trail, Round Rock, Texas.
To estimate just and adequate compensation
for partial acquisition of the property.
To establish a basis for partial acquisition of
the property.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
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: $4,500, payable upon delivery of the report.
The fee includes any necessary land
planning services that will be handled
internally by Alterra Design Group.
Time subsequent to the initial assignment,
including, without limitation, updates,
meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be paid monthly as incurred,
at the following hourly rates:
Paul Hornsby: $250/hour
MAI Staff Appraisers: $200/hour
Other Staff Appraisers: $150/hour
Completion: Estimated at two weeks 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, CR
Accepted:
a9/3 /rte
City of Round Rock, Texas
By: Steve Norwood
City Manager