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RESOLUTION NO. 2020 - 3os2 <br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF <br /> SUNNY ISLES BEACH, FLORIDA, APPROVING A FIRST <br /> AMENDMENT TO THE AGREEMENT WITH PFM FINANCIAL <br /> ADVISORS, LLC. FOR FINANCIAL CONSULTING SERVICES, IN AN <br /> AMOUNT NOT TO EXCEED ONE .HUNDRED THOUSAND DOLLARS <br /> ($100,000.00), ATTACHED HERETO AS EXHIBIT "A"; AUTHORIZING <br /> THE MAYOR TO EXECUTE SAID AMENDMENT; AUTHORIZING THE <br /> CITY MANAGER TO DO ALL OTHER THINGS NECESSARY TO <br /> EFFECTUATE THE TERMS OF THIS RESOLUTION; PROVIDING FOR <br /> AN EFFECTIVE DATE. <br /> WHEREAS, on March 16th, 2017 via Resolution No. 2017-2669, the City Commission <br /> approved a three (3) year Agreement with PFM Financial Advisors, LLC. ("Firm") for financial <br /> consulting services ("Services"), in an amount not to exceed $150,00.00; and <br /> WHEREAS, the City has been satisfied with the Services rendered by the Firm; and <br /> WHEREAS, PFM Financial Consulting Advisors, LLC has agreed to continue providing <br /> the Services to the City; and <br /> WHEREAS, the City now wishes to approve a First Amendment to the Agreement with <br /> PFM Financial Advisors, LLC. to provide financial advisory services, thereby exercising its first <br /> of two (2) renewal options, for a period of two (2) years, in an amount not to exceed One <br /> Hundred Thousand Dollars ($100,000.00), attached hereto as Exhibit "A", bringing the total <br /> contract amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000.00). <br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br /> CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> Section 1. Approval of First Amendment. The City Commission hereby approves First <br /> Amendment to the Agreement with PFM Financial Advisors, LLC. to provide financial advisory <br /> services, thereby exercising its first of two (2) renewal options, for a period of two (2) years, in <br /> an amount not to exceed One Hundred Thousand Dollars ($100,000.00), attached hereto as <br /> Exhibit "A", bringing the total contract amount not to exceed Two Hundred Fifty Thousand <br /> Dollars ($250,000.00). <br /> Section 2. Authorization of Mayor. The Mayor is hereby authorized to execute said <br /> Amendment. <br /> Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all <br /> things necessary to effectuate the terms of this Resolution. <br /> Section 4. Effective Date. This Resolution will become effective upon adoption. <br /> 82020 First Amend w PFM Financial Advisors for Financial Adv Svcs Page I of 2 <br />