CM-2017-1370 - 5/5/2017Sandy Rials
Appraisal, Review & Consulting
401 Polasek Road
La Grange, Texas 78945
979-249-2081
April 19, 2017
City of Round Rock
221 East Main Street
Round Rock, Texas 78664
RE: Letter of Commitment
RM 620 Project
To Whom It May Concern:
Please consider this a request to supplement my existing commitment on the above referenced project by
$3,500. This amount will cover $1,600 each for the review parcels 5 (1 & 2) and parcel 6. An overrun of
$300 has been created during the processing of my invoice on parcel 11 & 11 E.
The specific scope of work will continue to include reviewing the appraisal reports on the above
referenced project in compliance with USPAP and the TxDOT Appraisal & Review Manual. This will
include but will not be limited to the inspection of the project and each parcel, inspection of the
comparables, review of the appraisal report, obtaining corrections as needed, preparation of TxDOT's A-
10 formats for initial appraisals. For these services our fee will be $1,600 per parcel.
We look forward to working with you on this project. Should you have any questions or need any
additional information, please do not hesitate to contact me.
Sincerely,
Sandy Rials Appraisal, Review & Consulting (ARC)
Sandy L. Rials, RNV — AC
State Certified _General Real Estate Appraiser
TX -1 325392-G
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City Manager
City of Round Rock
City of Round Rock
IR*OUND ROCK
TEXAS Agenda Item Summary
Agenda Number:
Title: Consider executing a supplement Proposal for Appraisal Review Services
with Sandy Rials Appraisal, Review and Consulting (ARC) regarding the
RM 620 Project.
Type: City Manager Item
Governing Body: City Manager Approval
Agenda Date: 5/5/2017
Dept Director: Don Childs
Cost: $3,500.00
Indexes:
Attachments: 00377585.PDF, 00377583.PDF
Department: Transportation Department
Text of Legislative File CM -2017-1370
Consider executing a supplement Proposal for Appraisal Review Services with Sandy
Rials Appraisal, Review and Consulting (ARC) regarding the RM 620 Project.
TxDoT required appraisal review services for 2 outstanding initial appraisals to be
reviewed, and charges for additional scope of review on Parcel 11 (Commercial tract)
which was unknown at time of original estimate.
Cost. $3,500
Source of Funds: RM 620 Project
City of Round Rock Page 1 Printed on 5/1/2077