PROFESSIONAL_SERVICESAMENDED

City of Marathon Resolution 2026-52 Approving Amendment 1 to Professional Services Agreement with Raftelis Financial Consultants, Inc. 2026-06-09

City Extends and Increases Raftelis Utility Finance Contract

Not to exceed $60,000.00 per fiscal yearCity of MarathonRAFTELIS FINANCIAL CONSULTANTS INCJune 9, 2026

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Description

The City of Marathon approved Amendment 1 to its agreement with Raftelis Financial Consultants, Inc., clarifying the annual not-to-exceed amount to $60,000 per fiscal year and extending the contract for professional utilities financial analysis services through September 30, 2029. The vendor supports ongoing wastewater and stormwater financial planning for the city.

Contract Details

Contract Amount

Not to exceed $60,000.00 per fiscal year

Vendor

RAFTELIS FINANCIAL CONSULTANTS INC

Agency

City of Marathon, FL

Contract Type

PROFESSIONAL_SERVICES

Document Date

June 9, 2026

Contract Term

Amendment extends term through September 30, 2029, beginning with FY ending September 30, 2026

Renewal Date

2029-09-30

Renewal Info

Amendment 1 extends the original September 10, 2024 agreement from its initial 2027 term to September 30, 2029, and clarifies the budget limit to be per fiscal year. Annual rate adjustments capped at 3%. Prior amendments and auto-renewal details not specified.

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