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Council authorizes contract with PFM for financial advisory services to support long-term capital planning
Summary
Sammamish approved a pay-as-you-go contract with PFM Financial Advisory Services, LLC, not to exceed $250,000, to provide financial-advisory assistance for potential debt financing and Metropolitan Park District planning. The contract passed 6–1 at the April 1 council meeting.
The Sammamish City Council authorized the city manager April 1 to execute a contract with PFM Financial Advisory Services, LLC, for financial advisory services covering multiyear financial planning and debt issuance support.
"We do not currently contract with a financial advisor, and it is a best practice to have a financial advisor," Vicki Carlson, Sammamish finance director, told the council. She said the firm was selected through an earlier…
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