CM-2017-1356 - 4/14/2017Paul Hornsby, MAI, SRA
Eli Hanslik, MAI
Chris Hornsby, MAI
Melany Adler, MAI
Katie Daniewicz, MAI
Clifford Shaw, ASA
April 4, 2017
PAUL HORNSBY & COMPANY
APPRAISERS AND CONSULTANTS
City of Round Rock
c/o Steve Sheets
Sheets & Crossfield, P.C.
309 East Main Street
Round Rock, Texas 78664
Matthew Cox, Appraiser Trainee
Kimberly Garvey, Appraiser Trainee
Justin Sims, Appraiser Trainee
Jason Thomas, Analyst
Terri Bowden, Business Manager
Michelle Williamson, Bookkeeping/Administrator
Re: Proposal for appraisal services relating to a wastewater and temporary construction easement
acquisition out of a 21.18 acre tract of land improved with Whittlesey Landscape property
located at 3219 S Interstate 35, Round Rock, TX 78664
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 wastewater and temporary construction
easement acquisition out of a 21.18 acre
tract of land improved with Whittlesey
Landscape supplies located at 3219 S
Interstate 35, Round Rock, TX 78664.
To estimate the market value of the fee
simple interest in the subject property and
the easement estate in the proposed
acquisitions as of the date of inspection.
Establishing a basis for partial acquisition of
the property.
7600 N. Capital of Texas Highway • Building B, Suite 210 • Austin, Texas 78731 • 512-477-6311 •
(Fax)512-477-1793
eAl Y 2 L1/-7 - l - �
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: $5,500, payable upon delivery of the report.
These 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 two to 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
/9
Paul Hornsby, MAI, SRA
Accepted:
+-�
Date
City of Round Rock
By: Laurie Hadley, City Ma ager
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 the wastewater easement and temporary
construction easement ncessary for the wastewater line to be constructed
on Whittlesey Landscape property at 3219 S. Interstate 35.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 4/14/2017
Dept Director: Steve Sheets
Cost: $5,500.00
Indexes: Self -Financed Wastewater Construction
Attachments: 00375857.PDF, 00375839.PDF
Department: Legal Department
Text of Legislative File CM -2017-1356
Consider executing a proposal for appraisal services by Paul Hornsby & Company
relating to the wastewater easement and temporary construction easement ncessary
for the wastewater line to be constructed on Whittlesey Landscape property at 3219 S.
Interstate 35.
Parcels to be appraised:
Wastewater and temporary construction easement at 3219 S. Interstate 35, Round
Rock, Texas 78664.
Cost: $5,500
Source of Funds: Greenlawn Blvd. - Whittlesey Project
City of Round Rock Page 1 Printed on 411412017