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ONE YEAR EXTENSION TO FINANCIAL ADVISOR SERVICE AGREEMENT One Year Extension to Financial Advisor Service Agreement THIS AGREEMENT made this /5d- day of ~ ,2004 by and between the City of Clearwater, P.O. Box 4748, Clear,,"er, Florida 33758, hereinafter referred to as the "City", party of the first part, and RBC Dain Rauscher, Inc., 100 Second Avenue South, Suite 800, St. Petersburg, Florida 33701, formally known as William R. Hough & Co., herein after referred to as the "Financial Advisor", party of the second part; WITNESSETH: WHEREAS, the City and Financial Advisor have previously entered into a Financial Advisor Service Agreement dated June 12, 2003, for a one-year period (the "Agreement"). Said Agreement had two (2) one year renewals; and WHEREAS, the City and Financial Advisor wish to extend the term of the Agreement for a renewal of the first renewal period, which shall extend the term of the Agreement to June 12,2005; and NOW THEREFORE, in consideration of the promises and mutual covenants contained herein and in the Agreement, the parties hereto do hereby agree as follows: SECTION 1: Financial Advisor is hereby authorized to continue to provide Financial Advisor services as described in the Agreement and for the professional fees described in the Agreement. SECTION 2: The term of the agreement is hereby extended for one year beginning June 13,2004 and terminating June 12,2005. SECTION 3: All other terms of the Agreement shall remain in full force and effect. IN WITNESS WHEREOF, the City and Financial Advisor have executed this Agreement as of the date first written above. Countersigned: CITY OF CLEARWATER, FLORIDA By: ~:'ft:;B. ~ It William B. Home, II City Manager Approved as to form: Attest: jJ.tL Pam Akin, Esq. City Attorney ~~~~ ~ynth' E. Goudeau.. . ..'. . City Clerk . . . - - . .. ~ . RBCDmn~I;. ~ By: ktU/JJ ;14, {l,OlJlrz. ft~A)1J 6/ /J 6 f)~kL,I()f< Its: