Contract - Paul Hornsby & Company - 5/26/2016PAUL HORNSBY & COMPANY
U APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA Clifford Shaw, ASA
David J. Englund, MAI, SRA Joseph McAweeney, State Certified
Eli Hanslik, MAI Matthew Cox, Appraiser Trainee
Chris Hornsby, MAI Kimberly Garvey, Appraiser Trainee
Melany Adler, MAI Terri Bowden, Business Manager
Katie Daniewicz, MAI Jennifer Beardsley, Research Director
May 5, 2016
City of Round Rock
c/o Don Childs
2008 Enterprise Drive
Round Rock, TX 78664
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 Hwy • Suite B-210 • 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 -All
Paul Hornsby, MAI, SRA
Accepted:
Date
City of Round Rock, Texas
By: . L�tm�i-rt�r
����_
-Aa"
n I
1
Robinson
0.158
Yes
3/12/2014
9691-141011
VL
$4 500
Land Cmpnt&
2
SACSeIf-Storage
0.136
Yes
3/12/2014
9691-14-1012
Ste lm
55,000
0.013
Yes
3/12/2014
9691-14-1013
Land Cmpnt &
3
Shurgard
Site Imp
$8,600
0.022
Yes
3/12/2014
9691-14-1014
Land Cmpnt&
4
KAFDevelo meet
Site Imp
$5,006
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
HammockRestaurants
0.009
Yes
3/12/2014
9691-14-1016
Site lm
$8,000
Land Cmpnt &
7
WTF LLC
0.014
Yes
3/12/2014
9691-14-1017
Site imp
$0
Land Cmpnt
8
WTF LLC
0.005
3/12/2014
9691-14-1018
Site Imp
$G
Land Cmpnt&
9
WTF LLC
0.011
3/12/2014
9691-14-1019
Site Ion
$0
Land Cmpnt &
10
WTF LLC
0.004
3/12/2014
9691-14.1020
Site Imp
$0
0.3
Yes
3/12/2014
9691.14.1021
Commercial
11
LCC Realty 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 75681
$5,000
Juanita Madonna
403 Briarwood Street
yes
403 Briarwood Street
0.132
3/12/2014
9691-14-1023
SFR
13
Round Rock: TX 78651
54,500
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 512.630.8569 James Allan
$4,500
0.009
3/12/2014
9691-14.1025
SFR
15
K leRanne
$4,500
Steven & Linda Redden
340 Sedro Trail
yes
1004 Glenwood Street
0.071
3/12/2014
9691-14-1026
SFR
Georgetown, TX 78633 512.626.2644 Steve
16
512.626.9371 Linda
$4500
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
13
Round Rock, TX 78681 512.828.5483 Bobby
54,500
Ardalia Martin
PO Box 1403
yes
403 Brentwood Street
0.256
Yes
3/12/2014
9691-14-1029
SFR
19
Round Rock TX 78680
S5,000
20
CARR
1,353
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
Ausdn,TX 79731.
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
Pisces Foods (Wend 's)
yes
0.344
Yes
3/12/2014
9691-14-1033
Commercial
$8,000
Land Crnpnt&
24
Sovereign (Comfort)
0.029
3/12/2014
9691-14-1034
Site Imp
54,500
25
Cotton Walton (Texaco)
yes
0.086
3/12/2014
9691-14-1035
Commercial
$9,500
Land Cmpnt &
0.035
Yes
3/12/2014
9691-14-1036
26
Regency
site Imp
$5,000
0.041
Yes
3/12/2014
9691-14-1037
Commercial
27
McDonald's
$8,000
$125,000