CM-13-11-202City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to the sale of the property located at 615 U.S. Highway
79 East.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/1/2013
Dept Director: Steve Sheets
Cost: $4,000.00
Indexes:
Attachments: 00285556.PDF, 00285586.PDF
Text of Legislative File CM -13-11-202
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to
the sale of the property located at 615 U.S. Highway 79 East.
Staff recommends approval.
City of Round Rock
Page 1 Printed on 10/28/2013
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
LiCouncil Action:
ea
ORDINANCE
Agenda Wording
Project Name: Appraisal Services
ContractorNendor: Paul Hornsby & Company
RESOLUTION
City Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to the sale of the property located at
615 U.S. Highway 79 East.
Attorney Approval
Attorney
Notes/Comments
Date /d/Ldi' i 3
O:\wdox\SCCInts\0112\1375\MISC\00285556.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
October 28, 2013
City of Round Rock
c/o Steve Sheets
Sheets and Crossfield
309 E. Main Street
Round Rock, Texas 78664
Clifford Shaw, State Certified
Melany Adler, State Certified
Joseph McAweeney, State Certified
Katie Daniewicz, State Certified
Michael Kersten, State Certified
Kimberly Garvey, Research Director
Terri Bowden, Business Manager
Re: Proposal for appraisal services relating to the property located at 615 U.S. Highway 79 East,
Round Rock, Texas
Dear Mr. Sheets:
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: The property located at 615 U.S. Highway
79 East, 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.
The results of our analysis will be set forth
in a summary report as defined by Standards
Rule 2-2(b) of USPAP.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
�M-13 - 11-ZdZ
Fee: $4,000, payable upon delivery of the report.
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
State Certified Appraisers: $175/hour
Completion: Estimated at two to three (2-3) 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,
Accepted:
/7/9:5'
Date
City of Round Rock
By: Steve Norwood, City Manager