Town of Cary
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Independent Registered Municipal Advisor (IRMA) Exemption
Cary has engaged the services of Davenport & Company LLC (“Davenport”) to act as financial advisor to Cary in considering proposals and information that market participants provide to Cary regarding municipal financial products or the issuance of municipal securities. Davenport has advised Cary that it is a registered municipal advisor with both the Securities and Exchange Commission and the Municipal Securities Rulemaking Board. Cary will rely on the advice of Davenport (i.e. the Town will seek and consider the advice, analysis and perspective of Davenport) regarding any information or proposals it receives that the Town determines to consider. Davenport has advised Cary that, as of the date of this announcement, the Davenport personnel providing services to Cary have been employed by Davenport for longer than two years. Cary will update this announcement from time to time as necessary if Davenport advises the Agency that the circumstances regarding such personnel have changed.
In no event should any proposal or advice regarding Cary be sent directly to Davenport without the express direction of Cary. Cary will forward to Davenport any information or proposals from market participants that it receives and wishes to consider. Davenport has been instructed to inform Cary if any advice or information is sent directly to it. The preceding sentence does not refer to the disclosures that are required to be sent to the financial advisor pursuant to 17 CFR § 240.15Ba1-1(d)(3)(vi)(C)(1), which may be directed to Ty Wellford; Davenport & Co., Inc.; 901 E. Cary Street, 14th Floor; Richmond, VA 23219 (Email: twellford@investdavenport.com).
Advice, information, or proposals may be addressed to Cary via email to 311@carync.gov.
DATE: July 1, 2025