Backup Documents 04/28/2020 Item #16F1 ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP 1 6 F 1
TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO
THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE
Print on pink paper. Attach to original document. The completed routing slip and original documents are to be forwarded to the County Attorney Office
at the time the item is placed on the agenda. All completed routing slips and original documents must be received in the County Attorney Office no later
than Monday preceding the Board meeting.
**NEW** ROUTING SLIP
Complete routing lines#1 through#2 as appropriate for additional signatures,dates,and/or information needed. If the document is already complete with the
exception of the Chairman's signature,draw a line through routin&lines#1 through#2,complete the checklist,and forward to the County Attorney Office.
Route to Addressee(s) (List in routing order) Office Initials Date
1.
2.
3. County Attorney Office County Attorney Office SRT 04/28/20
4. BCC Office Board of County
Commissioners ) 5—g
5. Minutes and Records Clerk of Court's Office
G I ?O k Olocak.,
PRIMARY CONTACT INFORMATION
Normally the primary contact is the person who created/prepared the Executive Summary. Primary contact information is needed in the event one of the
addressees above,may need to contact staff for additional or missing information.
Name of Primary Staff Mark Isackson/Finance Contact Information 239-252-8717
Contact/Department
Agenda Date Item was April 28,2020 Agenda Item Number 16F1
Approved by the BCC
12G3Type of Assumption,Assignment and Extension of Number of Original 1
Document Attached Agreement No. 12-5957,acknowledging Documents Attached
the assignment of that agreement to Public
Financial Management,Inc.'s affiliate, PFM
Financial Advisors, LLC,and extending
that agreement with PFM through May 31,
2022
PO number or account N/A
number if document is
to be recorded
INSTRUCTIONS & CHECKLIST
Initial the Yes column or mark"N/A"in the Not Applicable column,whichever is Yes N/A(Not
appropriate. (Initial) Applicable)
1. Does the document require the chairman's original signature STAMP OK N/A
2. Does the document need to be sent to another agency for additional signatures? If yes, N/A
provide the Contact Information(Name;Agency;Address; Phone)on an attached sheet.
3. Original document has been signed/initialed for legal sufficiency. (All documents to be MI
signed by the Chairman,with the exception of most letters,must be reviewed and signed
by the Office of the County Attorney.
4. All handwritten strike-through and revisions have been initialed by the County Attorney's MI
Office and all other parties except the BCC Chairman and the Clerk to the Board
5. The Chairman's signature line date has been entered as the date of BCC approval of the MI
document or the final negotiated contract date whichever is applicable.
6. "Sign here"tabs are placed on the appropriate pages indicating where the Chairman's MI
signature and initials are required.
7. In most cases(some contracts are an exception),the original document and this routing slip MI
should be provided to the County Attorney Office at the time the item is input into SIRE.
Some documents are time sensitive and require forwarding to Tallahassee within a certain
time frame or the BCC's actions are nullified. Be aware of your deadlines!
8. The document was approved by the BCC on 4/28/2020 and all changes made during MI N/A is not
the meeting have been incorporated in the attached document. The County — n option for
Attorney's Office has reviewed the changes,if applicable. th' line.
9. Initials of attorney verifying that the attached document is the version approved by the N/ is not
BCC,all changes directed by the BCC have been made,and the document is ready for th option for
Chairman's signature. �� .ane.
16F 1
ASSUMPTION,ASSIGNMENT AND EXTENSION OF AGREEMENT
NO. 12-5957 FOR FINANCIAL ADVISORY SERVICES
This Assumption, Assignment and Extension of Agreement No. 12-5957 is made and
entered into on this 2344N of April, 2020 by and between Public Financial Management, Inc.
("Consultant")and Collier County, a political subdivision of the State of Florida(the"County").
WHEREAS,on May 28,2013 (Agenda Item No. 16.F.3)the County awarded Agreement
No. 12-5957 for Financial Advisory Services, hereinafter referred to as the"Agreement;" and
WHEREAS, on April 25, 2017, the Consultant and the County entered into an extension
to the Agreement, which extended the term through May 31, 2020. A copy of the Agreement
together with the extension is attached hereto as Exhibit"A"; and
WHEREAS,the Consultant and the County wish to extend the term of the Agreement to
May 31, 2022; and
WHEREAS, on October 4, 2016, the Consultant, through two pieces of correspondence
of that same date,notified the County that in an effort to better align the services it provides to the
County with its most regulatory appropriate affiliate, its affiliate entity PFM Financial Advisors,
LLC ("PFM"), a municipal advisor registered with the SEC,the MSRB and registered to conduct
business in the State of Florida, would be providing future services under the Agreement to the
County. Copies of the Consultant's correspondence is attached hereto as Exhibit B; and
WHEREAS, the County Manager's Office acknowledged this ministerial change in the
County's relationship with the Consultant's affiliate, PFM,by countersigning the October 4, 2016
correspondence; and
WHEREAS, the Consultant hereby represents to the County that by virtue of its
realignment of the provision of financial services through its affiliate PFM, PFM is the successor
in interest in relation to the Agreement; and
WHEREAS, the parties wish to formalize PFM's assumption of rights and obligations
under the Agreement effective as of the date first above written.
NOW THEREFORE, IN CONSIDERATION of the mutual promises in this
Assumption, Assignment and Extension Agreement, and for other good and valuable
consideration,the receipt and sufficiency of which are acknowledged by the parties, it is agreed as
follows:
1. PFM Financial Advisors,LLC,accepts and assumes all rights,duties,benefits,and
obligations of the Consultant under the Agreement, including all existing and future obligations to
perform under the Agreement.
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G�`
16F 1
2. PFM Financial Advisors, LLC, will promptly deliver to the County evidence of
insurance consistent with the Agreement.
3. The term of Agreement No. 12-5957 is hereby extended to May 31, 2022.
4. All future renewals of Agreement No. 12-5957 are subject to approval by the Board
of County Commissioners.
5. Except as stated herein, all other terms and conditions of the Agreement shall
remain in full force and effect.
6. Further supplements to, or modifications of, the Agreement shall be approved in
writing by both parties.
7. Notice required under the Agreement to be sent to PFM shall be directed to:
PFM Financial Advisors,LLC:
Attention: Sergio Masvidal, Managing Director
PFM Financial Advisors LLC
2222 Ponce De Leon Boulevard, Third Floor
Coral Gables, Florida 33134
masvidals@pfm.com /phone: 786.671.7480
8. The County hereby consents to PFM Financial Advisors, LLC's assumption of the
Agreement in order to continue the services provided under Agreement No. 12-5957. No waivers
of performance are granted or authorized. The County will treat PFM Financial Advisors, LLC
as the Consultant for all purposes under the Agreement. Except as provided herein,all other terms
and conditions of the Agreement remain in full force and effect.
[Signature page to follow]
******Remainder of page intentionally left blank******
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16F 1
IN WITNESS WHEREOF,the undersigned have executed and delivered this Assumption,
Assignment and Extension of Agreement No. 12-5957 effective as of the date first above written.
ATTEST:
Crystal K. Kinzel, Clerk of Court& BOARD OF COUNTY COMMISSIONERS
Comptroller COLLIER COUNTY, FLORIDA
• sot,
,'. ,40 levx• em• s'---Thi\ _ D
By ri47 1 44I By.
i Burt L. Saunders, Chairman
2�Dated: � R �.
(SEAL) , ` 7
r ttest s.to Chairman's
signature only.
Consultant:
PFM Financial Advisors, LLC
By: / ._
Signature
SERGIO D. MASVIDAL, MANAGING DIRECTOR
TType/print signature and titleT
March 24, 2020
Date
Ap roved a o F a egality:
De ty County Attorney
S4r t7LL
Print Name
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