CM-2016-1156 - 8/9/2016PAUL 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
Clifford Shaw, ASA
July 19, 2016
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Joseph McAweeney, State Certified
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Justin Sims, Appraiser Trainee
Kayla Carter, Appraiser Trainee
Terri Bowden, Business Manager
Jennifer Beardsley, Research Director
Re: Proposal for appraisal services relating to a tract of land improved with the Teravista Golf
Course located at the northeast corner of University Blvd. and Sunrise Road (Parcel 8), Round
Rock, Texas.
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:
A tract of land improved with the Teravista
Golf Course located at the northeast corner
of University Blvd. and Sunrise Road
(Parcel 8), Round Rock, Texas.
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 subject property.
7600 N. Capital of Texas Highway • Building B, Suite 210 * Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
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 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; the fee is payable on the delivery of
the report.
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 -Site Plan
(as available): -Title commitment
-Any offers to buy or sell the property
within the last three years
Completion: Estimated at 30-45 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
Paul Hornsby, MAI, SRA
Accepted:
City of Round Rock
By: Laurie Hadley, bity Managed
City of Round Rock
JROUNO�ROCK
XAS 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 University
Boulevard project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 8/5/2016
Dept Director: Gary D. Hudder, Transportation Director
Cost:
Indexes:
Attachments: LAF, Contract
Department: Transportation Department
Text of Legislative File CM -2016-1156
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to one (1) tract of land related to the University Boulevard project.
These services will estimate the market value of the fee simple interest in the subject
property. A report will be developed based upon the analysis for the property.
The fee for these services will be $4,500.00.
Staff recommends approval.
City of Round Rock Page 1 Printed on 81412016