CM-13-11-225City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to a 10.253 AC tract of land located South of Palm
Valley Boulevard and East of FM 1460 also known as the Warner Tract.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 11/22/2013
Dept Director: Charlie Crossfield
Cost: $3,750.00
Indexes:
Attachments: 00287142.PDF, 00287134.PDF
Department: Legal Department
Text of Legislative File CM -13-11-225
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a 10.253 AC
tract of land located South of Palm Valley Boulevard and East of FM 1460 also known as the Warner
Tract.
Staff recommends approval.
City of Round Rock Page 1 Printed on 11/18/2013
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: Charlie Crossfield
[Council Action:
ORDINANCE
Agenda Wording
Project Name: Appraisal Services
Contractor/Vendor: Paul Hornsby & Company
RESOLUTION
[City Manager Approval
CMA Wording
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to a 10.253 AC tract of land located
South of Palm Valley Boulevard and Fast of FM 1460 also known as the Warner Tract.
Attorney Approval
Attorney ; ,, Date / t-
(3
Notes/Comments.
O:\wdox\SCCInts\0123\1300\MISC100287141.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
Clifford Shaw, State Certified
November 15, 2013
City of Round Rock
Steve Norwood
City Manager
221 E. Main Street
Round Rock, TX 78664
Melany Adler, State Certified
Joseph McAweeney, State Certified
Katie Daniewicz, State Certified
Michael Kersten, State Certified
Kimberly Garvey, Research Director
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to a 10.253 acre tract of land located just south of
Palm Valley Boulevard and just east of FM 1460, 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:
Appraisal & Reporting Standards:
A 10.253 acre tract of land located just
south of Palm Valley Boulevard and just
east of FM 1460, Round Rock, Texas
To estimate the market value of the fee
simple interest in the subject property 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
Fee:
Information Necessary to
Complete the Assignment
(as available):
Completion:
The results of our analysis will be set forth
in a summary report as defined by Standards
Rule 2-2(b), of USPAP.
$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
•Survey
•Title commitment
•Any offers to buy or sell the property
within the last three years
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:
///Z
Date
City of Round Rock
By: Steve Norwood