Res-2019-192 PSA PFM Financial - Laserfiche WebLink

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PFM FINANCIAL ADVISORS LLC AGR E EMEN':r F OR FINAN CIAL ADVI SORY SERVICES This agreement ("Agreement"), made and entered into this L2 day of ~+e .... be{by and between Kittitas County ("Client'') and PFM Financial Advisors LLC 01ci:c.irulfi called ''PFM'') sets forth the terms and conditions under which PF1vi shall provide services. WHEREAS, Client is desirous of obtaining the services of a financial advisor to develop and assist in implementing Client's strategies to meet its current and long-term operations, financial obligations, capital financing needs and render assistance in respect to debt transactions; and WHEREAS, PFM is capable of providing the necessary financial advisory services. NOW, THEREFORE, in consideration of the above mentioned premises and intending to be legally bound hereby, Client and PFM agree as follows: I. SCOPE OF SERVICES PFM shall provide, upon request of the Client, services related debt issuance, as applicable and set forth in Exhj bit_A to this Agreement. Client acknowledges and agrees that most tasks requested by Client will not require all services provided for in Exh ibi t A and as such the specific scope of services for such task shall be limited to just those services required to complete the task . Any material changes in or additions to the scope of services described in Exhibit A shall be promptly reflected in a written supplement or amendment to this Agreement. Services provided by PFM which are not specifically referenced in the scope of services set forth in Exhibit A of this Agreement shall be completed as agreed in writing in advance between the Client and PFM. Upon request of Client, PFM or an affiliate of PFM may agree to additional services to be provided by PFM or an affiliate of PFM, by a separate agreement between the Client and PFM or its respective affiliate. II. WORK SCHEDULE The services of PFM are to commence as soon as practicable after the execution of this Agreement and a request by the Client for such service . III. REGISTERED MUNICIPAL ADVISOR; REQUIRED DISCLOSURES 1. P FM is a registered municipal advisor with the Securities and Exchange Commission (the "SEC'') and the Municipal Securities Rulemaking Board (the "MSRB''), pursuant to the Securities Exchange Act of 1934 Rule lSBal-2. If Client has designated PFM as its independent registered municipal advisor ("IRMA") for purposes of SEC Rule 1 SBa 1-1 ( d)(3)(vi) (the "IRMA exemption"), then services provided pursuant to such designation shall be the services described in Ex hjb it A hereto, subject to any limitations described thereon . PFM shall not be responsible for, and shall be held harmless from and against any party in connection with, verifying that PFM is independent from any other party seeking to rely on the IRMA exemption (as such independent 1