CM-2016-1063 - 3/21/2016PAUL HORNSBY & COMPANY
O APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
March 14, 2016
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Clifford Shaw, State Certified
Joseph McAweeney, State Certified
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to six (6) tracts of land located along Brushy Creek,
portions of which are being acquired for the Brushy Creek Trail Project.
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:
Use of the Report:
Six (6) tracts of land located along Brushy
Creek, portions of which are being acquired
for the Brushy Creek Trail Project.
To estimate the market value of the fee
simple interest in the subject properties and
estimate adequate compensation for the
easement acquisitions as of the date of
inspection.
Establishing a basis for easement acquisition
of the properties.
7600N. Capital of Texas Highway 9 Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
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 six (6) Appraisal Reports as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $23,700 ($3,950 for each report), payable
incrementally upon delivery of each report.
These fees are predicated on the assumption
that only the land component of each
property will be appraised and the primary
improvements are not impacted by the
proposed acquisition. Should improvements
need to be appraised the fee will revised to a
mutually agreeable amount.
All time spent subsequent to the initial
appraisals, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul Hornsby: $375/hour
MAI Staff Appraisers: $275/hour
State Certified Appraisers: $175/hour
Land Planning: $175/hour
Research Staff. $150/hour
Administrative Staff. $75/hour
Information Necessary to -Surveys
Complete the Assignment -Title commitments
(as available): -Any offers to buy or sell the properties
within the last three years
Completion:
Estimated at 45 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
Accepted:
Date
City of Round Rock
Xalv ZC,
��-
By: Laurie Hadle}, City NYanager
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to six (6) tracts of land on the Brushy Creek Trail
Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 3/18/2016
Dept Director: Steve Sheets
Cost:
Indexes:
Attachments: 00353775.PDF, 00353779.PDF
Department: Legal Department
Text of Legislative File CM -2016-1063
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to six (6) tracts of land on the Brushy Creek Trail Project.
Staff recommends approval.
City of Round Rock Page 1 Printed on 3/1612016