CM-2014-366City of Round Rock
Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to Cypress Blvd.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 3/28/2014
Dept Director: Steve Sheets
Cost: $4,500.00
Indexes:
Attachments: 00295323. PDF
Department: Legal Department
Text of Legislative File CM -2014-366
Consider executing a proposal for appraisal services by Paul Hornsby & Company relating to Cypress
Blvd.
Staff recommends approval.
City of Round Rock Page 1 Printed on 3/24/2014
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
]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 Cypress Blvd.
Attorney Approval
Attorney
Notes/Comments
Date Ia4liy
O:\wdox\SCCInts\0199\1465\MISC\00295386.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 20, 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 a partial fee simple acquisition out of a property
located at 17 Cypress Blvd., Round Rock, Texas 78665.
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:
Appraisal & Reporting Standards:
A partial fee simple acquisition out of a
property located at 17 Cypress Blvd., Round
Rock, Texas 78665
To estimate the market value of the fee
simple interest in the subject property as of
the date of inspection.
Establishing a basis for partial 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
2100 Kramer Lane • Suite 550 • Austin, Texas 78758 • 512-477-6311 • (Fax) 512-477-1793
CM -2014-366
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 an Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
Fee: $4,500, 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
Staff Appraisers: $150-$200/hour
Information Necessary to •Survey
Complete the Assignment •Site Plan
(as available): •Building floor plans and elevations
•Title commitment
•Any offers to buy or sell the property
within the last three years
Completion: 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
aittell---1E
Paul Hornsby, MAI, SRA, CR
Accepted:
e/Z,Af
Date
City of Round Rock
By: Steve Norwood, City Manager