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BOARD OF COUNTY COMMISSIONERS <br />COUNTY OF KITTITAS <br />STATE OF WASHINGTON <br />REsoLUTtoN No. 2023' LLlo <br />A RESOLUTION ACKNOWLEDGING EXTENSION OF THE PROFESSIONAL SERVICES <br />AGREEMENT BETWEEN KITTITAS COUNTY TREASURER'S OFFICE AND PFM FINANCIAL <br />ADVISORS, PLLC <br />WHEREAS, Kittitas County Treasurer's Office (KCTO) has had <br />Services Agreement with PFM Financial Advisors, PLLC (PFM) since 201 <br />serves as the financial advisor to assist the Treasurer's office in <br />implementing strategies to meet their short and long-term operations, fina <br />capitalfinancing needs, and to render assistance with respect to debt t <br />WHEREAS, PFM and KCTO wish to extend the existing p <br />and <br />ces <br />contract an additional two years in writing, as allowed for in the original contract <br />agreement, a copy of which is attached hereto; and <br />WHEREAS, the purpose of extending the agreement is to continue the agreement <br />from January 1,2024 to December 31 ,2025 and thereby retain the services of PFM as <br />financial advisor, for which a quarterly retainage fee of $1,000 is paid, as well as any <br />additional fees billed at a fixed rate for financing projects (e.9., bond issuance) and non- <br />transaction related hourly project fees; and <br />WHEREAS, changes to the contract term and compensation for services presented <br />in Amendment No. #4 extend the term from January 1,2024 to December 31,2025 and <br />amend Exhibit B - Compensation for Services; <br />NOW THEREFORE, BE lT RESOLVED AND lT lS HEREBY ORDERED, That the <br />Agreement between Kittitas County Treasurer's Office and PFM Financial Advisors, PLLC <br />is adopted. <br />ADOPTED this lqrh day of 2023 <br />BOARD OF COUNTY COMMISSIONERS <br />KITTI OUNTY, WASHINGTON <br />RESOLUTION <br />Cha