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Resolution 2023-226
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12. December
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2023-12-19 10:00 AM - Commissioners' Agenda
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Resolution 2023-226
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Last modified
2/7/2025 10:24:38 AM
Creation date
2/7/2025 10:24:30 AM
Metadata
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Template:
Meeting
Date
12/19/2023
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Item
Request to Approve a Resolution Acknowledging an Extension of the Professional Services Agreement between the Kittitas County Treasurer's office and PFM Financial Advisors, PLLC
Order
2
Placement
Consent Agenda
Row ID
112272
Type
Resolution
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PFM FINANCAL ADVISORS LLC <br />AGREEMENT FOR FINANCIAL ADYISORY SERVTCES <br />This agreement ( Agreement'J, made and entered into this t5*r"f S,op{e,*bef* <br />and befween Xittit", Count! ("Client'j and PFM Fhancial Advisors nC futo.i".F,f,ffi <br />'?EM'J sets forth the terms and conditions under which PFM shall provide services, <br />WHEREAS, Client is desirous of obtaining the services of a financial advisor to develop and <br />assist in implementing Client's strategies to meet its curent and long-term operations" financial <br />obligations, capital Enancing needs and render assistance in respect to debt transactions; and <br />WHEREAS, PFM is capable of providing the necessary financial advisory services. <br />NO!f, THEREFORE, in consideration of the above mentioned premises and intending to <br />be legally bound hetebn Client and PFM agree as follows: <br />I. SCOPE OF SERVICES <br />PFM shall provide, upon request of the Client, serqices related debt issuance, as applicable <br />and set forth in Exhibit A to this Agreement. <br />Cfient acknowledges and agrees that most tasks requested by Client will not reguire dl <br />services ptovided fot in Exhibit A end as such the speciEc scope ofsen'ices fior such task shall be <br />limited to iust those sen'ices required to complete the task. Any material changes in or additions to <br />the scope of serqices described in Exhibit A shall be ptompdy reflected in a written supplemeat or <br />arnendment to this Agreement. Sereices provided by PFM which are not speciEcally referenced in <br />the scope of services set forth in Exhibit A of this Agreement shall be completed as agreed in <br />writing in advance between the Client aad PFM. Upon request of Client, PFM or an af6liate of <br />PFM may €ree to additional serwices to be provided by PFM or an affi.liate of PFM, by a separate <br />agreement between the C[ent and PFM or its respective affiliete. <br />II. WORK SCHEDULE <br />The services of PFM are to conrmence as soon as practicable after the execution of this <br />Agpeement and a request by the Client fot such service. <br />III. REGISTERED MUNICIPALADVISO& REQUIRED DISCLOSURES <br />1. PFM is a registered municipal advisot'*'ith the Secwities and Exchange Commission <br />(the "SEC'J and the Municipd Secudties Rulemaking Board (&e "I{SRB'), pursuant to the <br />Securities Exchange Act of 1934 Rule 15B,a7-2. If Client has designated PFM as its independent <br />registered municipal advisor f'IRMA') for puposes of SEC Rule 158a1-1(dx3xvi) (the'TRMA <br />exemption'), then serrrices provided pwsuant to such designation shall be the services described in <br />E:rhibit A hereto, subiect to any limitations descdbed thereon. PFM shatl not be responsible for, <br />and shall be held harmless from and apinst any pafty irr connection with, veri$hg that PFM is <br />independent from any other party seelcing to rely on the IRMA exemption (as such independent <br />I
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