AMENDMENT NO 1

CONTRACT NO. 35966

FOR

Financial and Title Services Required to Process Claims Filed Pursuant to Measure 37

This Contract was made and entered into on the 14th day of June, 2005, by and between PGP Valuation, Inc., hereinafter called Contractor, and the City of Portland, a municipal corporation of the State of Oregon, by and through its duly authorized representatives, hereinafter called City.

1.  Additional compensation is necessary and shall not exceed $45, 000.

All other terms and conditions shall remain unchanged and in full force and effect.

   PGP Valuation, Inc.

   By:          

         Date

                         (Name and Title)

                 Address:          

   Telephone:        

Approved as to Form:  CITY OF PORTLAND

   By:          

City Attorney  Date   Auditor      Date

                 By:          

    Mayor/Elected Official  Date