CM-2016-1221 - 10/31/2016PAUL HORNSBY & COMPANY
O APPRAISERS AND CONSULTANTS
Paul Hornsby, MAI, SRA
Eli Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
October 20, 2016
City of Round Rock
c/o Sheets & Crossfield. P.C.
Steve Sheets
309 E. Main Street
Round Rock, Texas 78664
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Justin Sims, Analyst
Terri Bowden, Business Manager
Jennifer Beardsley, Administrative Assistant
Re: Proposal for appraisal services relating to a 0.843 acre tract of land improved with
retail/warehouse building at 416-420 N. Mays Street, 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:
Appraisal & Reporting Standards:
A 0.843 acre tract of land improved with
retail/warehouse building at 416-420 N.
Mays Street, Round Rock, Texas.
To estimate the market value of the fee
simple interest in the subject property.
Establishing a basis for potential
acquisition.
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.
7600 Capital of Texas Hwy • Suite B-210 * Austin, Texas 78731 • 512-477-6311
Fee:
Completion:
The results of our analysis will be set forth
in an Appraisal Report as defined by
Standards Rule 2-2(a) of USPAP.
If Land only: $4,000
If Improvements are Contributory: $6,500
The fee is payable upon delivery of the
report.
Estimated at forty (40) 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
XLwi: � -
By: Laurie fladley, City Ma ger Date
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 a 0.843 acre tract of land improved with
retail/warehouse building at 416-420 N. Mays Street.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 10/28/2016
Dept Director: Steve Sheets
Cost: $6,500.00
Indexes:
Attachments: 00366278.PDF, 00366273.PDF
Department: Leqal Department
Text of Legislative File CM -2016-1221
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to a 0.843 acre tract of land improved with retail/warehouse building at 416-420
N. Mays Street.
$6,500
Staff recommends approval.
City of Round Rock Page 1 Printed on 10/2812016