CM-2016-1089 - 4/22/2016PAUL HORNSBY & COMPANY
O APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
David J. Englund, MAI, SRA
Eli Hanslik, MAI
Lance Lawson, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
April 12, 2016
City of Round Rock
c/o Charlie Crossfield
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Clifford Shaw, State Certified
Joseph McAweeney, State Certified
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to a fee simple acquisition out of a tract of land
located at the terminus of Kenney Fort Blvd, north of Palm Valley Blvd.
Dear Mr. Crossfield:
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:
A fee simple acquisition out of a tract of
land located at the terminus of Kenney Fort
Blvd. north of Palm Valley Blvd.
To estimate the market value of the fee
simple interest in the subject property and
the proposed fee acquisition as of the date of
inspection.
Establishing a basis for partial acquisition of
the property.
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
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax) 512-477-1793
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: $3.950, payable upon delivery of the report.
The fee is predicated on the assumption that
only the land component of the property will
be appraised and the primary improvements
are not impacted by the proposed
acquisition. Should improvements need to
be appraised the fee will revised to a
mutually agreeable amount.
All time spent subsequent to the initial
appraisals, including, without limitation,
updates, meetings, depositions, mediation,
arbitration, trial and preparation for
testimony, will be billed at the following
hourly rates.
Paul Hornsby: $375/hour
MAI Staff Appraisers: $275/hour
State Certified Appraisers: $175/hour
Land Planning: $175/hour
Research Staff: $150/hour
Administrative Staff. $75/hour
Information Necessary to -Survey
Complete the Assignment -Title commitment
(as available): -Any offers to buy or sell the property
within the last three years
Completion: Estimated at three 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
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Paul Hornsby, MAI, SRA
Accepted:
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City of Round Rock
By: Laurie Hadley, City Man er
City of Round Rock
ROUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a proposal for appraisal services by Paul Hornsby &
Company relating to one (1) tract of land related to the Kenney Fort Blvd.
Phase IV- Cressman tract.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 4/22/2016
Dept Director: Steve Sheets
Cost:
Indexes:
Attachments: 00355771.PDF, 00355769.PDF
Department: Leqal Department
Text of Legislative File CM -2016-1089
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to one (1) tract of land related to the Kenney Fort Blvd. Phase IV- Cressman
tract.
Staff recommends approval.
City of Round Rock Page 1 Printed on 412112016