CM-2014-350City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to Lots 3 and 4, Heritage Center.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 3/14/2014
Dept Director: Steve Sheets
Cost: $6,500.00
Indexes:
Attachments: 00293985.PDF
Department: Legal Department
Text of Legislative File CM - a0\L4 -3SC)
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to Lots 3 and
4, Heritage Center.
Staff recommends approval.
City of Round Rock Page 1 Printed on 3/6/2014
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
EICouncil Action:
as
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 Lots 3 and 4, Heritage Center.
Attorney Approval
Attorney
Notes/Comments
Date 3 ((p I 1
O:\wdox\SCCInts\0112\1400\MISC\00293964.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
Clifford Shaw, State Certified
March 5, 2014
City of Round Rock
c/o Steve Sheets
309 East Main Street
Round Rock, Texas 78664
Melany Adler, State Certified
Joseph McAweeney, State Certified
Katie Daniewicz, State Certified
Michael Kersten, State Certified
Kimberly Garvey, Litigation Analyst
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to Lots 3 and 4, Heritage Center, Williamson County,
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:
Purpose of the Appraisal:
Use of the Report:
Lots 3 and 4 and the two residential style
office buildings situated thereon, located at
910 Heritage Center Circle, 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.
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
4.14, 0 (4 -55D
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.
Fee: $6,500, 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: $150/hour
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, C
Accepted:
23/44
Date
City of Round Rock
By: Steve Norwood, City Manager