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BOARD OF COUNTY COMMISSIONERS COUNTY OF KITTITAS STATE OF WASHINGTON RESOLUTION NO. 2022 . OO I A RESOLUTION ACKNOWLEDGING EXTENSION OF THE PROFESSIONAL SERVICES AGREEMENT BETWEEN KITTITAS COUNTY TREASURER'S OFFICE AND PFM FINANCIAL ADVISORS, PLLC WHEREAS, Kittitas County Treasurer's Office (KCTO) has had a Professional Services Agreement with PFM Financial Advisors, PLLC (PFM) since 2016 in which PFM serves as the financial advisor to assist the Treasurer's office in developing and implementing strategies to meet their short and longterm operations, financial obligations, capital financing needs, and to render assistance with respect to debt transactions; and WHEREAS, PFM and KCTO wish to extend the existing professional services contract an additional two years in writing, as allowed for in the original contract agreement, a copy of which is attached hereto; and WHEREAS, the purpose of extending the agreement is to continue the agreement from January 1,2022 to December 31, 2023 and thereby retain the services of PFM as financial advisor, for which a quarterly retainage fee of $1,000 is paid, as well as any additional fees billed at a fixed rate for financing projects (e.9., bond issuance) and non- transaction related hourly project fees; and WHEREAS, changes to the contract terms for the 2022-2023 contract year are presented in Amendment No. #3 which amends Exhibit B - Compensation for Services., Terms of the contract are extending from January 1, 2022 to December 31, 2022, and PFM address has been updated. The original contract allows for additional two-year extension terms upon mutual agreement in writing. NOW THEREFORE, BE lT RESOLVED AND lT lS HEREBY ORDERED, That the Agreement between Kittitas County Treasurer's Office and PFM FinancialAdvisors, PLLC is adopted. ADOPTED this ZfrI da v of Ll/L/Lful'l 022 F COUNTY COMMISSIONERS , WASHINGTON RESOLUTION omm ner