Proposed PFM Kittitas County Amendment 4

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KITTITAS COUNTY PROFESSIONAL SERVICES AGREEMENT AMENDMENT NO. 4 The Professional Services Agreement entered into September 15, 2016 by and between the Kittitas County (the “County”) and PFM Financial Advisors LLC (“PFM”) is amended as follows: 1. TERMS AND TERMINATION A. Extend the Term in Section IV of the Agreement through December 31, 2025 unless sooner terminated according to the provisions therein. 2. EXHIBIT B COMPENSATION FOR SERVICES A. Item 1 Fixed Rate Transaction Fees (Competitive and Negotiated) is adjusted to the following: For financing up to $25 million: $35,000 For financing over $25 million: $35,000 plus $0.75 per $1,000 over $25 million For financing over $75 million: $75,000 plus $0.45 per $1,000 over $75 million For services related to a direct bank placement of debt, our fee would be 70% of this schedule. For unusually complex financings, we may negotiate an increased fee. Additionally, for any transaction not completed, PFM would be compensated on an hourly basis, which will in no case exceed the transactional fee that would have otherwise applied. B. Item 3 General Services Retainer is updated to include the following: In a calendar quarter in which a bond transaction closes, the quarterly retainer installment will not be billed. As an example for the sake of clarity, if PFM is the financial advisor for a long-term financing which closes in the month of March, PFM will not bill the County for the quarterly retainer installment for the period January through March of that year. ALL OTHER TERMS AND CONDITIONS OF THE ORIGINAL CONTRACT REMAIN IN FULL FORCE AND EFFECT. IN WITNESS WHEREOF, the parties hereby execute this Amendment. PFM FINANCIAL ADVISORS LLC: KITTITAS COUNTY: Signature Date Thomas Toepfer Signature Date Amy Cziske Name Managing Director Name Treasurer Title Title