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R-2016-3476 - 5/26/2016RESOLUTION NO. R-2016-3476 WHEREAS, the City of Round Rock desires to retain professional appraisal services regarding the RM 620 Project, 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 RM 620 Project, 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 May, 2016. ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: SARA L. WHITE, City Clerk 0112.1604; 00357421 PAUL HORNSBY & COMPANY O APPRAISERS AND CONSULTANTS Paul Hornsby, MAI, SRA David J. Englund, MAI, SRA Eli Hanslik, MAI Chris Hornsby, MAI Melany Adler, MAI Katie Daniewicz, MAI May 5, 2016 City of Round Rock c/o Don Childs 2008 Enterprise Drive Round Rock, TX 78664 EXHIBIT A„ Clifford Shaw, ASA Joseph McAweeney, State Certified Matthew Cox, Appraiser Trainee Kimberly Garvey, Appraiser Trainee Terri Bowden, Business Manager Jennifer Beardsley, Research Director Re: Proposal for appraisal services relating to 22 properties located on RM 620 in Round Rock, Texas. Dear Mr. Childs: As requested, I am pleased to provide this proposal for appraisal services relating to the properties captioned above. Terms of the assignment are summarized below. Real Estate to be Appraised: Purpose of the Appraisals: Use of the Reports: Appraisal & Reporting Standards 22 properties located on RM 620 in Round Rock, Texas. Please see attached spreadsheet. To estimate the market value of the fee simple interest in the subject properties as of the date of inspection and appropriate compensation for partial acquisitions. Partial acquisition of the properties. The appraisals will be developed and the reports 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. The results of our analysis will be set forth in 27 appraisal reports as defined by Standards Rule 2-2(a), of USPAP. 7600 N. Capital of Texas H,,Ny • Suite B-210 o Austin, Texas 78731 • 512-477-6311 Fee: $125,000 total (see attached), payable incrementally upon delivery of each 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: $375/hour MAI Staff Appraisers: $275/hour State Certified Appraisers: $175/hour Land Planning: $175/hour Research Staff. $150/hour Administrative Staff. $75/hour Completion: Estimated at 60 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 PO -,U-/ Paul Hornsby, MAI, SRA Accepted: Date City of Round Rock, Texas By: Laurie Hadley, City Manager I Robirron 0.155 Yes 3/12/2014 9691-14-1011 VL $4,500 Land Cmpnt & 2 SACSelf-Storage 0.136 Yes 3/12/2014 9691-14-1012 Site Imp $5,000 Land Cmpnt & 3 Shurgard 0.013 Yes 3/12/2014 9691-14-1013 Site Imp $5,000 0.022 Yes 3/12/2014 9691-14-1014 Land Cmpnt & 4 KAFDevelopment site Imp $5000 5 Land Cmpnt & Parts 1 & 0.137/0.126 Yes 3/12/2014 9691-14-1015 Site Imp 2 RRISD $5,000 Land Cmpnt& 6 Hammock Restaurants 0.009 Yes 3/12/2014 9691-14-1016 S to Imp $5,000 Land Cmpnt& 7 WTF LLC 0.014 Yes 3/12/2014 9691-14-1017 Site Imp $0 0.005 3/12/2014 9691-14-1018 Land Cmpnt& 8 WTF LLC Site Imp $0 Land Cmpnt& 9 WTF LLC 0.011 3/12/2014 9691-14-1019 Site Imp $0 Land Cmpnt & 10 WTF LLC 0.00`1 3/12/2014 9691-14-1020 Site Imp $0 0.3 Yes 3/12/2014 9691-14-1021 Commercial 11 LCC Real ty Partners $9,500 Beverly Ann Sheridan 406 Briarwood Street yes 406 Briarwood Street 0.116 Yes 3/12/2014 9691-14-1022 SFR 12 Round Rock TX 78681 $5,000 Juanita Madonna 403 Briarwood Street yes 403 Warwood Street 0.132 3/12/2014 9691-14-1023 SFR 13 Round Rock TX 78681 $4,500 Kristine &James Warren 2323 Rock Ledge Drive yes 1007 Round Rock Avenue 0.218 3/12/2014 9691-14-1024 SFR Georgetown, TX 78626 512.769.3595 14 Kristine 512.630.8569James Allan $4,500 0.009 3/12/2014 9691-144025 SFR 15 Kyle Ranne $4,500 Steven & Linda Redden 340 Sedro Trail Yes 1004 Glenwood Streit 0.071 3/12/2014 9691-14-1026 SFR Georgetown, TX 78633 512.626.2644 Steve 16 512.626.9371 Linda $4,500 Penny & Tina Lackey 1002 Glenwood Street yes 1002 Glenwood Street 0.176 3/12/2014 9691-14-1027 SFR 17 Round Rock TX 78681 $4,500 Bobby C Owen, Jr. 1000 Glenwood Street yes 1000 Glenwood Street 0.183 3/12/2014 9691-14-1028 SFR Round Rock, TX 78681 512.928.5483 Bobby 18 500 Ardalia Martin PO Box 1403 yes 403 Brentwood Street 0.256 Yes 3/12/2014 9691-14-1029 SFR 19 Round Rork TX 78680 $5,000 20 CORR 1.853 Yes 3/12/2014 9691-14-1030 $0 21 RR Retirement 0.031 Yes 3/12/2014 9691-14-1031 VL $5,000 3834 Spricewood Springs Rd. Ste 201 Austin, TX 78731 David Edelman (512) 736-1810 yes 0.258 Yes 3/12/2014 9691-14-1032 Commercial Bruce Kelley (512)341-8111 Ricky Matts 22 (512)784-5864 $9,000 23 PiscesFoods(Wend 's) Yes 0.344 Yes 3/12(2014 9691-14-1033 Commercial $8000 0.029 3/12/2014 4691-14-1034 Land Cmpnt & 24 Sovereign (Comfort) Site Imp $4,500 25 Cotton Walton (Texaco) yes 0.086 3/12/2014 9691-14-1035 Commercial $9,500 Land Cmpnt & 0.035 Yes 3/12/2014 9641-14-1036 26 Regency Site Imp $5,000 0.041 Yes 3/12/2014 9691-14-1037 Commercial 27 McDonald's $8,000 $125,000