PFM Financial Advisors LLC 9/12/2019 Amendment 1

CITY AMENDMENT NO. 1 PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF EVERETT AND PROFESSIONAL FINANCIAL MANAGEMENT (PFM) This Amendment No. 1 is dated for reference purposes August 15, 2019. It is by and between the City of Everett, a municipal corporation under the laws of the State of Washington ("City") and PFM Financial Advisors LLC (PFM) ("Service Provider"). RECITALS A. The City and Service Provider are parties to the Professional Services Agreement dated July 29, 2014 (the "Agreement"). B. The City and the Service Provider desire to amend the Agreement for the purpose of extending the expiration date. AGREEMENT The City and Service Provider agree as follows: 1. The Agreement is modified so that time of beginning and completion are as follows: Time of Beginning and Completion of Performance: This Agreement shall commence as of the date of execution of this Agreement and shall be completed by August 15, 2024. 2. The Scope of work for the Agreement is replaced with the Scope of Work attached as Exhibit A to this Amendment. 3. Regardless of the date(s) on which this Amendment is signed by the parties, the parties agree that the Agreement has been continuously in effect since July 29, 2014. 4. At the sole discretion of the City, the City may consent to the Service Provider's signature on this Amendment being by email, fax, pdf or other electronic means, in which case such Service Provider signature will be deemed an original signature for all purposes. The City will be deemed to have given such consent effective upon execution of this Amendment by the Mayor of the City. 5. All provisions in the Agreement shall remain in effect except as expressly modified by this Amendment.