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119 THE STATE OF TEXAS X X CONTRACT FOR APPRAISAL SERVICES COUNTY OF TRAVIS X THIS AGREEMENT is made between City of San Marcos, ("Client"), having a place of business at 610 E. Hopkins, San Marcos, Texas 78666, and AUSTIN VALUATION CONSULTANTS, INC., ("Appraiser"), having a place of business at 3600 Bee Cave Road, Suite 200, Austin, Texas 78746. For and in consideration of the mutual covenants and agreements contained herein, Client and Appraiser hereby agree as follows: I. The real estate to be appraised is identified as: See attached Exhi bit "A". II. The interest to be appraised is easement interest; remainder properties immediately before the taking and immediately after the proposed acqui sit ions. III. The purpose of the appraisal is to estimate market value, as defined by current professional appraisal standards. This report will be prepared in conformity with and subject to the requirements of the Code of Professional Ethics and the Standards of Professional Practice of the American Institute of Real Estate Appraisers, the Uniform Standards of Professional Practice and of the Texas Real Estate Commission. It is the understanding of Appraiser that the appraisal report will be used by Client as follows: land acquisition negotiations and condemnation proceedings in connection with Clients Northeast I.H. 35 Waterline Extension (Texas Capital Fund) Project, ("Project"). Client intends to acquire public utility easements on, over and across the real estate described in Attachment "A" for the purpose of placing, constructing, installing, repairing and maintaining water, wastewater, electric, telephone, telegraph, and any and all other types of public utility structures, pipes and/or lines along, across, through, under and over said easement, together with free ingress, egress and regress thereto and therefrom. IV. Special instructions and/or limits of assignment (if any), as to the scope of the appraisal work to be performed, as to the form of the appraisal report to be prepared, and reasonable hypothetical conditions or assumptions to be considered are as follows: