Independent Municipal Advisor Exemption
By publicly posting the following written disclosure, the city of Richmond, Virginia intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.
The city of Richmond, Virginia has retained an independent registered municipal advisor. The City of Richmond, Virginia is represented by and will rely on its municipal advisor, Davenport & Company LLC, to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds and escrow investments (if applicable). This certificate may be relied upon until October 19, 2023.
Proposals may be addressed to:
City of Richmond
900 E. Broad St.
Richmond, VA 23219
If the proposal received will be seriously considered by the city of Richmond, Virginia, the city will share the document with its municipal advisor. Please note that aside from regulatory-mandated correspondence between an underwriter and municipal advisor, the underwriter should not share or discuss proposals with the municipal advisor unless they already have been provided to the city of Richmond, Virginia.