HomeMy WebLinkAboutPFM 2024-2025 Resolution (4)RESOLUTION
BOARD OF COUNTY COMMISSIONERS
COUNTY OF KITTITAS
STATE OF WASHINGTON
RESOLUTION NO. 2023________
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 long-term 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, 2024 to December 31, 2025 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.g., bond issuance) and non-
transaction related hourly project fees; and
WHEREAS, changes to the contract term and compensation for services presented
in Amendment No. #4 extend the term from January 1, 2024 to December 31, 2025 and
amend Exhibit B – Compensation for Services;
NOW, THEREFORE, BE IT RESOLVED AND IT IS HEREBY ORDERED, That the
Agreement between Kittitas County Treasurer's Office and PFM Financial Advisors, PLLC
is adopted.
ADOPTED this day of 2023.
BOARD OF COUNTY COMMISSIONERS
KITTITAS COUNTY, WASHINGTON
Chair
Vice-Chair
Commissioner
RESOLUTION
ATTEST: APPROVED AS TO FORM:
_______________________ _________________________________
Christopher Horner, Deputy Prosecuting Attorney
☐ Clerk of the Board- Julie Kjorsvik
☐ Deputy Clerk of the Board- Mandy Buchholz