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5. 1st Renewal 03/16/2005 DANNYL. KOLHAGE CLERK OF THE CIRCUIT COURT DA TE: April 15, 2005 TO: Salvatore Zappulla, Director Office of Mana gem em & Budget FROM: Pamela G. Hanc9<fl(~ Deputy Clerk C..Jf At the March 16, 2005, Board of County Commissioner's meeting the Board granted approval and authorized execution of a Contract Renewal for Financial Advisory Services between Monroe County and Public Financial Management, Inc. (PFM), financial advisors to Monroe County. Enclosed are two duplicate originals of the above-mentioned for your handling. Should you have any questions please feel free to contact our office. cc: County Attorney Finance File.! Contract Renewal This renewal is made and entered into this 16th day of March, 2005 between Monroe County called the "County", and Public Financial Management, Inc., called "Financial Advisor" in order to renew the agreement entered into on April 21, 2004. Whereas, the current agreement is due to expire and Monroe County desires to extend the agreement an additional year. Now, Therefore in consideration of the mutual terms understandings, conditions, promises, covenants, and payments hereinafter set for the, County and Financial Advisor agree as follows: Section 1. Recitals. The above recitals are true and correct and incorporated herein. Section 2. Term. This agreement is hereby extended for one year from the date of expiration of the current agreement. Section 3. Notices. The County party shall read: F or Monroe County Thomas J. Willi, County Administrator 1100 Simonton Street Key West, FL 33040 Section 4. Financial Advisor's Representatives. The following named individuals from Financial Advisor's shall provide the services set forth in this agreement: Mr. Hal Canary, Managing Director Mr. David Miller, Managing Director Mr. David Moore, Managing Director TEAM MEMBERS Hal Canary, Managing Director David Miller, Managing Director David Moore, Managing Director Kelly Rym~ Senior Managing Consultant Jay Glover, Senior Managing Consultant Lauren Shelton, Consultant Section 5. Other Conditions. All other conditions of the Agreement shall remain in full force effect. In Witness Whereof, the parties have hereunto set their hands and seal, the day and year first written above. (Seal) Attest D8.IlI1Y L. Kolhage, Clerk BCJ.;.J~ Deputy CleA: Board of County Commissioners Of Monroe County, Florida .t)j~ >n ~ Mayor DIXIE M. SPEHAR Public Financial Management By: 'n.... <t c< It) L..,l c.'J i.::J -J .. ,,~ . LL.. U co --I-' - L.1J :c ""'u:>: cr: ....J ..- cz: 8ciz 0::: - -:::> t-.'. l.t'3 '(.,)0 '"-' Lt..... _J .u .,.,_., Cl:: >-=-.:c:w .;"! "....-'0 ,-~ Ll..! 0.... .<:: u 0::: Cot: _.-, ,- :z:: .....,--~ Lr.: ~ 0 ....,..... c ::: Title: ~...to ~