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<br /> 28 <br /> NOBLE, GLEN & ASSOCIATES, INC <br /> REAL ESTATE APPRAISERS AND CONSULTANTS <br /> 1717 ALAMO NATIONAL BUILDING <br /> SAN ANTONIO, TEXAS 78205 <br /> (512) 227-5171 <br />Charles H. Noble, Jr. Charles H, Noble, III <br />MAl, CRE, SREA, ASA, CPM MAl <br />President Vice-President <br />Martyn C. Glen 1985 Thomas L. McGehee <br />MAl, FRICS August 13, Michael D, Hennessey <br />Vice-President Joseph D. Pennel <br />City of San Marcos Ian A. McNeel <br /> Laura L. Noble <br />City Hall Robert Byerhor <br />630 East Hopkins Val E. Juve' <br />San Marcos, Texas 78666 Charlone A, Boord <br />ATTN: Mr. Lamar W. Hankins <br /> City Attorney <br /> RE: Tom's Millrace, Incorporated <br />Dear Sirs: <br />We appreciate your consideration of the possible use of our <br />services in the appraisal of the Tom's Millrace property <br />consisting of approximately 0.64 of an acre of 1 and and a dam on <br />the San Marcos River, City of San Marcos, Hays County, Texas. <br />You have asked us to provide you with a fee estimate in <br />connection with the appraisal of the above referenced property. <br />Our fee is based upon the time required to accomplish the <br />project and we are aware that an appraisal would be required to <br />include the land, improvements, and water rights. <br />Our fee estimate for the appraisal of the property would not <br />exceed $5,000. We will bill for the time actually spent on the <br />appraisal and wi 11 guarantee not to exceed this amount. Court <br />preparation and testimony, however, would be billed separately <br />and in addition to the above amount if it i s required. We <br />currently charge $75.00 per hour for work performed by <br />appraisers with the MAl designation. <br />We trust that the above will conform to your requirements. We <br />thank you for your consideration of our possible services. <br />Should you have any questions regarding the above matters, <br />please feel free to contact us. <br /> Respectfulîy submitted, <br />ACCETTED: <br />CrrY ~å TEXAS <br />By : ~ ~rtÁ --, <br />" 'e Craddock, Mayor 8-20-85 I~.~ <br />A'ITEST: I I 1 <br /> 1-1-' 1 <br /> ::tu::=:: <br /> Ci ty C;eCr~~.tOniO Regional Office - Valuation Network, lne. VAlUATION <br /> ' A 'Narionwi e onso~tium of Independent Real EState Appraisal and Consulting Firms <br /> National Headquarters: SOl Fifth Avenue, New York, N,Y" 10017 1-800-34S-1277 NETWORK <br />