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Contract_PFM_Kittitas_County_executed
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12. December
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2019-12-03 10:00 AM - Commissioners' Agenda
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Contract_PFM_Kittitas_County_executed
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Last modified
11/27/2019 12:03:45 PM
Creation date
11/27/2019 12:03:27 PM
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Meeting
Date
12/3/2019
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Supporting documentation
Supplemental fields
Alpha Order
i
Item
Request to Acknowledge an Amendment to Extend the Professional Services Agreement between Kittitas County and PFM Financial Advisors LLC for 2020-2021.
Order
9
Placement
Consent Agenda
Row ID
58292
Type
Contract
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PFMFINANCIALADVISORSLLCAGREEMENTFORFINANCIALADVISORYSERVICESThisagreement("Agreement"),madeandenteredintothisÒdayofyandbetweenKittitasCounty("Client")andPFMFinancialAdvisorsLLC(hereinaftbrcalled"PFM")setsforththetermsandconditionsunderwhichPFMshallprovideservices.WHEREAS,ClientisdesirousofobtainingtheservicesofaSnancialadvisortodevelopandassistinimplementingClient'sstrategiestomeetitscurrentandlong-termoperations,financialobligations,capitalfinancingneedsandrenderassistanceinrespecttodebttransactions;andWHEREAS,PFMiscapableofprovidingthenecessarySnancialadvisoryservices.NOW,THEREFORE,inconsiderationoftheabovementionedpremisesandintendingtobelegallyboundhereby,ClientandPFMagreeasfollows:LSCOPEOFSERVICESPFMshallprovide,uponrequestoftheClient,servicesrelateddebtissuance,asapplicableandsetforthinExhibitAtothisAgreement.ClientacknowledgesandagreesthatmosttasksrequestedbyClientwillnotrequireallservicesprovidedforinExhibitAandassuchthespecificscopeofservicesforsuchtaskshallbelimitedtojustthoseservicesrequiredtocompletethetask.AnymaterialchangesinoradditionstothescopeofservicesdescribedinExhibitAshallbepromptlyreflectedinawrittensupplementoramendmenttothisAgreement.ServicesprovidedbyPFMwhicharenotspecificallyreferencedinthescopeofservicessetforthinExhibitAofthisAgreementshallbecompletedasagreedinwritinginadvancebetweentheClientandPFM.UponrequestofClient,PFMoranaffiliateofPFMmayagreetoadditionalservicestobeprovidedbyPFMoranaffiliateofPFM,byaseparateagreementbetweentheClientandPFMoritsrespectiveaffiliate.II.WORKSCHEDULETheservicesofPFMaretocommenceassoonaspracticableaftertheexecutionofthisAgreementandarequestbytheClientforsuchservice.III.REGISTEREDMUNICIPALADVISOR;REQUIREDDISCLOSURES1.PFMisaregisteredmunicipaladvisorwiththeSecuritiesandExchangeCommission(the"SEC")andtheMunicipalSecuritiesRulemakingBoard(the"MSRB"),pursuanttotheSecuritiesExchangeActof1934Rule15Ba1-2.IfClienthasdesignatedPFMasitsindependentregisteredmunicipaladvisor("IRMA")forpurposesofSECRule15Ba1-1(d)(3)(vi)(the"IRMAexemption"),thenservicesprovidedpursuanttosuchdesignationshallbetheservicesdescribedinExhibitAhereto,subjecttoanylimitationsdescribedthereon.PFMshallnotberesponsiblefor,andshallbeheldharmlessfromandagainstanypartyinconnectionwith,verifyingthatPFMisindependentfromanyotherpartyseekingtorelyontheIRMAexemption(assuchindependent1
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