R-04-02-26-8D1 - 2/26/2004RESOLUTION NO. R -04-02-26-8D 1
WHEREAS, the City of Round Rock desires to retain professional
appraisal services regarding the acquisition of right-of-way for
Arterial "A", and
WHEREAS, Paul Hornsby & Company has submitted an engagement
letter to provide said services, and
WHEREAS, the City Council desires to enter into said engagement
letter with Paul Hornsby & Company, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Mayor is hereby authorized and directed to execute on
behalf of the City an engagement letter with Paul Hornsby & Company for
appraisal services regarding the acquisition of right-of-way for
Arterial "A", a copy of same being attached hereto as Exhibit "A" and
incorporated herein for all purposes.
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted
upon, all as required by the open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 26th day of February, 2004.
NV- WELL, Ma
AST:
f Round Rock, Texas
e
CHRISTINE R. MARTINEZ, City Secr_ ary
e`PFDesktop\::0DMA/W0RLD0X/O /WDOX/RESOLUTI/R40226D1.WPUjsc:
PAUL HORNSBY & COMPANY EXHIBIT
REAL PROPERTY APPRAISERS AND CONSULTANTS is "A"
February 9, 2004
Mr. Nyle Maxwell, Mayor
City of Round Rock
221 E. Main Street
Round Rock, TX 78664-5246
Re: Proposal for appraisal services relating to acquisition of right-of-way for the proposed
Arterial A in Round Rock, Williamson County, Texas.
Dear Mayor Maxwell:
At your request, I am pleased to provide this proposal for appraisal services on the above -
captioned property. Terms of the assignment are summarized below.
Real Estate to be Appraised:
Purpose of the Appraisal:
Whole Property: Approximately 15.24 acres of
land located along the northwest line of U.S.
Highway 79, east of FM 1460.
Parts To Be Acquired: a) A strip of land
containing 1.975 acres, traversing the central
portion of the site in a northwest to southeast
direction.
Remainder: Approximately 13.265 acres of land
segmented into two separate tracts.
To estimate just compensation for the proposed
acquisition.
Use of the Report: To assist the client in negotiations involving the
acquisition of right-of-way for the proposed
Arterial A roadway.
Purpose of the Appraisal: To estimate just compensation for the proposed
acquisitions.
Use of the Report: To assist the client in negotiations involving the
acquisition of right-of-way for the widening of
U.S. Highway 79.
2404 Rio Grande Street. Austin, Texas 78705 9 512/477-6311. Fax 512/477-1793
Mayor Maxwell
February 9, 2004
Page 2
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 Standards ofProfessional
Appraisal Practice of the Appraisal Institute.
We will undertake a complete appraisal, the
results of which will be set forth in summary
appraisal report as defined by Standard Rule 2-
2(b), of USPAP.
Fee: $3,500 payable upon completion of the report.
Time spent in addition to the initial appraisals,
including, without limitation, meetings,
depositions, mediation, arbitrations, trial and
preparation for testimony, will be paid monthly,
as incurred, at the following hourly rates:
Paul Hornsby: $250/hour
Staff Appraisers: $125-$200/hour
Research Assistant: $75/hour
Completion: As soon as possible, but not later than 30 days
from authorization.
Mayor Maxwell
February 9, 2004
Page 3
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
Wa — —
aul Hornsby, MAI, SRA, CRE
President
PH/jjl
Accepted:
Date
City of Round Rock
Nyle Maxwell
Mayor, City of Round Rock
DATE: February 20, 2004
SUBJECT: City Council Meeting - February 26, 2004
ITEM: *8.D.1. Consider a resolution authorizing the Mayor to execute an
engagement letter with Paul Hornsby & Company for appraisal
services for right-of-way acquisition for Arterial "A".
Department: Legal
Staff Person: Steve Sheets, City Attorney
Justification: Appraisal services for right-of-way acquisition.
Funding:
Cost: $3,500.00
Source of funds: TCIP
Outside Resources: Paul Hornsby & Company
Background Information: Appraisal services for Arterial "A" right-of-way
acquisition.
Public Comment: N/A
EXECUTED
DOCUMENT
FOLLOWS
PAUL HORNSBY & COMPANY
*�!!yy REAL PROPERTY APPRAISERS AND CONSULTANTS
V
February 9, 2004
Mr. Nyle Maxwell, Mayor
City of Round Rock
221 E. Main Street
Round Rock, TX 78664-5246
Re: Proposal for appraisal services relating to acquisition of right-of-way for the proposed
Arterial A in Round Rock, Williamson County, Texas.
Dear Mayor Maxwell:
At your request, I am pleased to provide this proposal for appraisal services on the above -
captioned property. Terms of the assignment are summarized below.
Real Estate to be Appraised: Whole Property: Approximately 15.24 acres of
land located along the northwest line of U.S.
Highway 79, east of FM 1460.
Parts To Be Acquired: a) A strip of land
containing 1.975 acres, traversing the central
portion of the site in a northwest to southeast
direction.
Remainder: Approximately 13.265 acres of land
segmented into two separate tracts.
Purpose of the Appraisal: To estimate just compensation for the proposed
acquisition.
Use of the Report: To assist the client in negotiations involving the
acquisition of right-of-way for the proposed
Arterial A roadway.
Purpose of the Appraisal: To estimate just compensation for the proposed
acquisitions.
Use of the Report: To assist the client in negotiations involving the
acquisition of right-of-way for the widening of
U.S. Highway 79.
2404 Rio Grande Street. Austin, Texas 74705 . 512/477-6311. Fax 512/477-1793
-a40-8.D1
Mayor Maxwell
February 9, 2004
Page 2
Appraisal & Reporting
Standards:
Fee:
Completion:
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 Standards of Professional
Appraisal Practice of the Appraisal Institute.
We will undertake a complete appraisal, the
results of which will be set forth in summary
appraisal report as defined by Standard Rule 2-
2(b), of USPAP.
$3,500 payable upon completion of the report.
Time spent in addition to the initial appraisals,
including, without limitation, meetings,
depositions, mediation, arbitrations, trial and
preparation for testimony, will be paid monthly,
as incurred, at the following hourly rates:
Paul Hornsby: $250/hour
Staff Appraisers: $125-$200/hour
Research Assistant: $75/hour
As soon as possible, but not later than 30 days
from authorization.
Mayor Maxwell
February 9, 2004
Page 3
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
&a'---
aul Hornsby, MAI, SRA, CRE
President
PH/jjl
Accepted:
Da-a�-oy
City of Round Rock
Date
axwell
Mayor, City of Round Rock