Governor’s Infrastructure Financing Conference December 10–12, 2014 Hotel Roanoke
About the Virginia Resources Authority The Virginia Resources Authority provides innovative, cost-effective and sustainable financial solutions to build vibrant and healthy Virginia communities. Created by the General Assembly in 1984, VRA supports community investments in the following areas:
Public Safety
Transportation
Wastewater
Flood Prevention & Dam Safety
Solid Waste
Water
Federal Facility Development
Brownfield Remediation & Redevelopment
Airports
Land Conservation & Preservation
Broadband
Parks & Recreation
Energy
Site Acquisition & Development for Economic & Community Development
Administrative & Operations Systems
Oyster Restoration
Defective Drywall Correction & Restoration
Local Government Buildings
Since its inception, VRA has funded more than 1,300 critical projects across the Commonwealth exceeding $7 billion of investment in Virginia’s communities. Financing solutions draw on VRA’s creativity and unique ability to provide revolving fund loans to localities at below-market interest rates and to issue bonds backed by the moral obligation of the Commonwealth. The VRA staff offers extensive experience and expertise in a variety of financings and provides ongoing assistance to localities in connection with their public projects. This ability to maximize value for local communities with costeffective and innovative financing options has made VRA the choice provider of infrastructure financing for Virginia communities.
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Table of Contents About the Virginia Resources Authority Table of Contents Schedule of Events Board of Directors Speaker Biographies Sponsors and Exhibitors
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Virginia’s Infrastructure Bond Bank www.VirginiaResources.org
Virginia Resource Authority
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Schedule — Wednesday, December 10 Time
Event*
9:00am - 12:30pm
Registration
10:00am - 12:30pm
Exhibit Booth Setup and Display
12:00pm
Lunch
12:00pm - 2:00pm
Welcome (Jean Bass, Virginia Resources Authority) Welcome (Mayor David Bowers, City of Roanoke) Opening Remarks (William O’Brien, Chairman, Board of Directors, Virginia Resources Authority) Opening Statement (Maurice Jones, Secretary of Commerce & Trade) The Honorable Terry McAuliffe 72nd Governor of Virginia Luncheon Topics Remarks (Jean Bass, Virginia Resources Authority) Remarks (Jim Reynolds, Loop Capital) Environmental Infrastructure (David Paylor, Department of Environmental Quality)
*Subject to Change
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Wednesday, December 10 Time
Event* Economic Outlook (Manju Ganeriwala, Treasurer of Virginia) Economic Development with Institutional Partners (Mayor Mary Katherine Greenlaw, City of Fredericksburg, Richard Hurley, University of Mary Washington) Keynote Remarks (Geoff Buswick, Standard and Poors)
2:00pm - 3:15pm (Concurrent Sessions)
The Critical Role of Energy Infrastructure (Daniel Weekley, Dominion) Gathering the Financing Team (Jeff Rountree, UMW Foundation, Bill Freehling, City of Fredericksburg, P. Christopher Hornung, Fredericksburg Economic Development Authority, Gregory Fawcett II, Piedmont Securities, LLC, Kevin Larkin, Bank of America, Mark Tanis, Bank of America, Gary Nuckols, Hirschler Fleisher) Public Finance Tutorial (Steve Beach, Radford University)
3:15pm - 4:15pm (Concurrent Sessions)
Turning Vision into Reality (Liz Povar, Virginia Economic Development Partnership, Ken McFadyen, Blue Ridge Crossroads EDA, Danny Wilson, Virginia’s First Regional Industrial Facility Authority, Peter Huber, Pulaski County) Community Development Block Grants (Bill Shelton, Department of Housing and Community Development) Is Your Community Prospect Ready? (Joe Hines, The Timmons Group)
*Subject to Change Virginia Resource Authority
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Schedule — Wednesday, December 10 Time 4:20pm - 5:20pm (Concurrent Sessions)
Event* Bank Financing (Kevin Larkin and Mark Tanis, Bank of America) Funding Water Resources (Walter Gills, Department of Environmental Quality, Steve Pellei, Virginia Department of Health, Robert Hilt, USDA Rural Development, Shawn Crumlish, Virginia Resources Authority) Preparing to Finance (Dan Siegel and Jesse Bausch, Sands Anderson PC)
5:30pm - 7:00pm
Reception
*Subject to Change
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Thursday, December 11 Time
Event*
7:30am - 8:15am
Continental Breakfast
8:15am - 9:15am
Developments in Energy Efficiency Financing (Preston Bryant, McGuireWoods Consulting, Bill Greenleaf, Richmond Region Energy Alliance, and Greg Montgomery, CleanSource Capital)
(Concurrent Sessions)
Federal Resources for Infrastructure (Basil Gooden, USDA Rural Development, Carrie Schmidt, US Department of Housing and Urban Development, and Bob Gittler, US Economic Development Administration) Infrastructure Financing, A Regional Approach (Gerry Ward, Council on Virginia’s Future) 9:30am - 10:30am (Concurrent Sessions)
Green Bonds (Steve Schemmel, Bank of America Merrill Lynch) Funding Alternatives for Higher Education in Challenging Times (Katie D’Angio and Matt Tuchi, US Bank) Developing Financial Policies (Joseph Mason, Davenport & Company LLC)
10:40am - 11:40am (Concurrent Sessions)
Post-Issuance Compliance (Arthur Anderson, McGuireWoods LLP and Kim Hoyt, Bingham Arbitrage Rebate Services Incorporated) Adjusting to Change (Rebecca Dickson and John Wack, Goochland County) Benefits of Having an Educational Institution in Your Locality (Fletcher Mangum, Mangum Economics, Ray Smoot, Virginia Tech Foundation, Chris Morrill, City of Roanoke, Barry Moore, Liberty University, Ray Vaughn, BB&T) Virginia Resource Authority
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Schedule — Thursday, December 11 Time 11:45am - 12:45pm (Concurrent Sessions)
Event* Deploying Broadband (Sandie Terry, Center for Innovative Technology and Tad Deriso, Mid-Atlantic Broadband) Roles of Counsel (Megan Gilliland, Christian and Barton, LLP and Webster Day, Spilman, Thomas, and Battle) University Real Estate Development Models (Nancy Buchanan, William & Mary Real Estate Foundation, Mitzi Lee, VCU Real Estate Services, Kevin Sullivan, Virginia Tech Foundation)
1:00pm
Lunch Infrastructure Improvements in Roanoke (Chris Morrill, City of Roanoke) Guest Speaker (Bruce Thompson, Gold Key | PHR Hotels and Resorts)
2:15pm - 3:15pm (Concurrent Sessions)
Tourism for Economic Development (Barry Frankenfield, City of Virginia Beach, Ron Berkebile, City of Virginia Beach, and Wirt Confroy, Virginia Tourism Corporation) Estimating Project Costs (Chip Worley, Anderson & Associates) Why Localities Should Finance Now (Robert Muller, JP Morgan)
*Subject to Change
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Thursday, December 11 Time 3:20pm - 4:20pm (Concurrent Sessions)
Event* School Financing (Evie Whitley, Virginia Department of Treasury, Deidre Jett, Virginia Department of Treasury) Conflict Resolution (Jasen Eige, Atticus Strategies, Chris Nolen, McGuireWoods LLP, Mark Rubin, Virginia Commonwealth University) Navigating through Post-Issuance Responsibilities and an IRS Audit (Chris Kulp, Hunton & Williams LLP and Mary Blowe, City of Winchester)
4:30pm - 5:30pm (Concurrent Sessions)
Municipal Bond Refunding Opportunities & Strategies (Sean Ekiert, Raymond James) Energy Performance Contracting (Al Christopher and Charlie Barksdale, Department of Mines, Minerals, and Energy) Non-Traditional Financing Tools (Bonnie France, McGuireWoods)
*Subject to Change Virginia Resource Authority
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Schedule — Friday, December 12 Time
Event*
8:00am - 9:00am
Continental Breakfast
9:00am 10:15am
Using Virginia’s Public-Private Partnership Law for Stormwater Improvements (Preston Bryant, McGuireWoods Consulting, Don Seaborn, Angler Environmental)
(Concurrent Sessions)
Economic Benefits Derived from Investing in Environmental Infrastructure (John Daniel, Office of the Attorney General and Nikki Rovner, The Nature Conservancy) Conflict Resolution (Jasen Eige, Atticus Strategies, Chris Nolen, McGuireWoods LLP, Mark Rubin, Virginia Commonwealth University) 10:30am 11:30am (Concurrent Sessions)
Turning Vision Into Reality (Liz Povar, Virginia Economic Development Partnership, Ken McFadyen, Blue Ridge Crossroads EDA, Danny Wilson, Virginia’s First Regional Industrial Facility Authority, Peter Huber, Pulaski County) Energy Performance Contracting (Al Christopher and Charlie Barksdale, Department of Mines, Minerals, and Energy) Anchor Institutions – Starting the Conversation… (Valerie Holton, VCU Division of Community Engagement, Mitzi Lee, VCU Real Estate Services, James Parrish, VCU Foundation Relations)
*Subject to Change
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Board of Directors David Branscome of Manassas, Virginia. Director. Term expires June 30, 2015. Mr. Branscome serves as Vice President of Branscome Paving Company, Manassas, Virginia. Mr. Branscome has served on the Board of Directors for the Old Dominion Highway Contractors Association, and the Virginia Asphalt Association, and has served as President for both associations. He is also a member of the Heavy Construction Contractors Association.
Randall P Burdette, of Stafford County, Virginia. Director Ex-Officio. Mr. Burdette serves as Director of the Department of Aviation. He was appointed to this position on August 11, 2004. Previously, he served as Program Manager for the Defense Department’s Technology Initiative.
Barbara McCarthy Donnellan of Clifton, Virginia. Director. Term expires June 30, 2017. Ms. Donnellan serves as County Manager for Arlington County. Since beginning her career at Arlington County in 1983, she has served in many roles including Budget Analyst, Senior Tax Policy Coordinator, Director of Management and Finance and Deputy County Manager.
Manju Ganeriwala, of Henrico County, Virginia. Director Ex-Officio. Ms. Ganeriwala serves as State Treasurer of Virginia. She was appointed to this post by Governor Timothy M. Kaine, effective January 1, 2009. Prior to her appointment, Ms. Ganeriwala served as Deputy Secretary of Finance.
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Board of Directors Thomas L. Hasty, III, of Chesapeake, Virginia. Director. Term expires June 30, 2018. Mr. Hasty is Senior Executive Vice President and Chief Regulatory and Risk Management Officer of Townebank, Suffolk, Virginia. Prior to joining TowneBank, he served as Senior Vice President and Corporate Banker and Senior Vice President/ Senior Credit Officer for Branch Banking & Trust Company of Virginia (formerly Commerce Bank). Dr. Marissa J. Levine of Richmond, Virginia. Director Ex-Officio. Dr. Levine is the Commissioner of the Virginia Department of Health where she was appointed in 2014 by Governor McAuliffe. She previously held the positions of Chief Deputy Commissioner for Public Health and Preparedness and Deputy Commissioner for Public Health and Preparedness since 2009. Prior to this role, Dr. Levine directed local health departments in two districts within Virginia since 2002. Dena Frith Moore, of Richmond, Virginia. Director. Term expires June 30, 2016. Until 2011, Ms. Moore served as Managing Director and Chief Operating Officer for Harris Williams & Co., an investing banking firm focusing on mergers and acquisitions. Currently, Ms. Moore is an independent consultant working with for-profit and non-profit businesses on strategic advisory projects. Prior to joining Harris Williams & Co., Ms. Moore was with Bowles Hollowell Conner & Co.
William G. O’Brien of Port Republic, Virginia. Director and Chairman. Term expires June 30, 2016. Mr. O’Brien is the retired County Administrator of Rockingham County, a position he held for over 25 years. Appointed Chairman in 2002 by Governor Warner, O’Brien was reappointed by each succeeding Governor.
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Board of Directors
David K. Paylor of Richmond, Virginia. Director Ex-Officio. Mr. Paylor serves as the Director of the Department of Environmental Quality. Prior to his appointment, Mr. Paylor served as Deputy Secretary of Natural Resources for Governor Mark Warner.
John H. Rust, Jr. of Fairfax, Virginia. Director. Term expires June 30, 2016. Mr. Rust practices law in Fairfax with the firm of Rust & Rust, P.C. He is the third generation of the Rust family to practice law in northern Virginia. He also serves as the Commissioner of Accounts for the 19th Judicial Circuit and provides government affairs consulting services through Iron Ox Consulting, a family-owned company. He serves as a member of the Board of Directors of Historic Fairfax City, Inc.
James H. Spencer, III, of Bluefield, Virginia. Director and Vice Chairman. Term expires June 30, 2016. Mr. Spencer has served as Administrator of the Tazewell County Public Service Authority and as the County Administrator of Tazewell.
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Laying the Groundwork for a Brighter Virginia
With Virginia roots nearly two hundred years deep, McGuireWoods doesn’t just envision a vibrant future for our state. We are invested in making it happen.
We proudly support the Governor’s Infrastructure Financing Conference.
Arthur E. Anderson II, Partner | 804.775.4366 | aanderson@mcguirewoods.com One James Center | 901 East Cary Street | Richmond, VA 23219
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Virginia Resource Authority
Speaker Biographies Arthur Anderson II
Arthur Anderson is a partner with McGuireWoods LLP. Arthur’s practice is focused on the areas of public finance and federal, state and local taxation. He has extensive experience as bond counsel with governmental bond issues, including general obligation, revenue and “subject to appropriation” financings for water and sewer projects, public schools and roads, commuter rail and other transportation facilities, and in tax-exempt financings for nonprofit organizations, including private elementary and secondary schools, and health care providers.
Charlie Barksdale
Charlie Barksdale is the Utilities & Performance Contracting Manager at the Virginia Department of Mines, Minerals, and Energy, a role he has performed since 2006. Charlie’s primary responsibilities include providing technical assistance to localities that enter into performance contracts for energy savings and to control energy consumption. Prior to that, Charlie was the university energy manager for George Mason University for 19 years.
F. Jesse Bausch
Jesse Bausch is an attorney with Sands Anderson PC and is a member of the Government Group. Jesse focuses his practice on public finance with an emphasis in the areas of traditional municipal bond issuance, securities law, and state and local government law. He is based in the Richmond office.
Steven Beach
Steven Beach is an associate professor of finance in the College of Business and Economics (COBE) at Radford University where he also serves as the associate director of the Governmental and Nonprofit Assistance Center.
Ronald Berkebile
Ron Berkebile is a Financial Analyst for the City of Virginia Beach Strategic Growth Areas (SGA) Department whose mission is to ensure the City’s sustainable growth through the implementation of strategically located unique centers where people work, live, and play. Prior to joining the SGA Department, he was a Budget Analyst for the City.
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Speaker Biographies Mary Blowe
Mary Blowe was hired as Finance Director for the City of Winchester in December 2002. Previously, she served as the City’s Tax Auditor beginning in 1997. Through her leadership the city is one of only eight in the Commonwealth that maintains a AAA rating from Standard & Poor’s.
David Bowers
Mayor David Bowers was re-elected in 2012, to his fourth four-year term as Mayor of the City of Roanoke, Virginia. Bowers is the 44th Mayor of Roanoke since 1882. Mayor Bowers, one of the longest serving Democrats in Western Virginia, served two terms on Roanoke City Council from 1984-92. He was first elected to serve as Mayor in 1992 and re-elected in 1996. He was elected for his third term as Mayor in 2008, and began his fourth term as Mayor of Roanoke on July 1, 2012.
Preston Bryant
Preston Bryant is a Senior Vice President at McGuireWoods Consulting where he works with the firm’s Infrastructure and Economic Development group. Preston served as the Secretary of Natural Resources in the cabinet of Governor Tim Kaine and as a member of the House of Delegates where he represented the City of Lynchburg and Amherst County. His expertise lies in water, wastewater and energy generation projects, and he advises clients on project site selection and regulatory affairs.
Nancy Buchanan
Nancy Buchanan is the Executive Director of the William and Mary Real Estate Foundation. Recently, Ms. Buchanan took the lead in developing Tribe Square, a mixed-use retail and housing project on Richmond Road in Williamsburg, Virginia.
Geoff Buswick
Geoff Buswick is the Managing Director and Lead Analytical Manager for Standard & Poor’s US Public Finance Infrastructure Group. The Infrastructure group is responsible for rating debt issuances in a number of sub-sectors, including public power & electric coops, transportation entities (including airports, toll roads and ports), water and sewer entities and state revolving funds.
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Speaker Biographies Al Christopher
Al Christopher serves as Director of the Division of Energy, Department of Mines, Minerals and Energy (DMME), a post he has held since 2009. He is a Member of the Investment Advisory Board at Commonwealth Energy Fund and a Member of the Investment Advisory Board of CIT GAP Funds. Prior work experience includes serving as the Executive Director of Virginia Clean Cities.
Wirt Confroy
Wirt Confroy is the Director of Partnerships & Outreach with the Virginia Tourism Corporation (VTC). Among many other roles, Wirt is the Administrator for the Virginia Tourism Development Financing Program. Prior to being the Director of Partnerships & Outreach, he was the Electronic Marketing Director at VTC. Previous experience includes eight years with The Martin Agency based in Richmond, Virginia.
Kathryn D’Angio
Katie D’Angio is a Team Leader for the Education & Nonprofits Banking Division at US Bank. She and her group provide credit based solutions to higher education institutions and nonprofit entities from Virginia through Maine with a portfolio currently over $2 billion.
John Daniel
John Daniel serves as the Deputy Attorney General for Commerce, Environment & Technology in the Office of the Attorney General. John was Virginia’s first Secretary of Natural Resources and also served as an Assistant Attorney General and as Deputy Secretary of Commerce and Resources in Virginia. He has extensive private practice experience having been a partner at Williams Mullen and Troutman Sanders.
F. B. Webster Day
Webster Day is a partner in the law firm of Spilman, Thomas & Battle. With over thirty years of experience, Webster’s primary areas of practice are public finance and counseling lenders in commercial transactions. He serves as bond counsel to Virginia localities and authorities on tax-exempt and taxable bond issues. Webster also serves as issuer and bond counsel on industrial development revenue bond financings and serves as general counsel to industrial development authorities and water and sewer authorities. Virginia Resource Authority
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Speaker Biographies Tad Deriso
Tad Deriso is the President and CEO of Mid-Atlantic Broadband, a position he has held for nearly 10 years. Prior to joining Mid-Atlantic Broadband, Tad worked in a variety of telecommunications consulting firms, advising higher education clients and rural telecommunications companies.
Rebecca Dickson
Becky Dickson has been County Administrator of Goochland County since 2009. She served for three years as Deputy County Administrator for Human Services for Chesterfield County. She is a Credentialed Manager through the International City/County Management Association.
Jasen Eige
Jasen Eige works as a consultant at Atticus Strategies. Previously, he was Counselor and Senior Advisor to Governor Robert McDonnell. Jasen served many years in the Attorney General’s Office as Assistant Attorney General in the Trial Section of the Civil Litigation Section, Senior Assistant Attorney General in the Finance Law and Government Services Section, Acting Section Chief for the Government Services portion of the Section, and Chief of Staff and Counsel to the Attorney General.
Sean Ekiert
Sean Ekiert joined Raymond James in 2013 and has been involved in public finance since 1997, serving as investment banker, financial advisor, investment advisor and derivatives advisor to a variety of state, local and non-profit clients throughout the Mid-Atlantic. Sean’s experience includes the development and execution of financing plans for water and sewer systems, municipally owned electric and telecommunications networks, toll roads, and other transportation infrastructure, and general government projects.
Gregory Fawcett II
Gregory Fawcett is the President and founder of Piedmont Securities LLC. Prior to founding Piedmont Securities, he worked as a senior investment banker for 9 years at Bank of America Securities LLC/ Merrill Lynch & Co. where he actively assisted clients in the development, structuring and execution of comprehensive financing plans involving higher education, economic development and essential government purpose projects.
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Speaker Biographies Bonnie France
Bonnie France is Senior Counsel in the Public Department of the law firm of McGuireWoods LLP. Bonnie serves as bond counsel to over 50 counties, cities, towns and authorities. Her experience includes general obligation and revenue bond issues, school financing, lease financing, economic development incentives, industrial development authority and community development authority financings and other tax-exempt and taxable financings. She has assisted numerous localities in developing innovative financing structures and public private partnerships.
Barry Frankenfield
Barry Frankenfield is the Director of the City of Virginia Beach Strategic Growth Areas Department. He has served as a Manager for Strategic Growth Areas for the City for nearly 30 years. He is a Licensed Landscape Architect and a Certified Planner.
Bill Freehling
Bill Freehling is the Assistant Director for Economic Development at the City of Fredericksburg. Prior to joining the City, he had nearly 10 years of experience as a business writer and editor for The Free Lance-Star Fredericksburg Business Insider publication.
Manju Ganeriwala
Manju Ganeriwala is Treasurer of Virginia. Appointed by Governors Kaine, McDonnell, and McAuliffe, she manages over $9 billion of the Commonwealth’s investment portfolio. She oversees the issuance of bonds and management of debt in excess of $15 billion and provides the Commonwealth and its agencies with routine and specialized banking services. She also serves as the chairwoman of the Treasury Board and is a member of ten other boards including the Virginia Housing Development Authority, Virginia Port Authority and the Virginia Resources Authority.
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Speaker Biographies Megan Gilliland
Megan Gilliland is a partner in the Christian & Barton LLP law firm where she is in the Business Organizations and Corporations, Municipal Governance and Public Finance and Taxation practice areas. She concentrates her practice on public finance, local government, general corporate business and tax-related matters. Megan is a member of the firm’s New Business/Client Screening Committee. She also actively participates in the recruitment and mentoring of the firm’s summer associates.
Walter Gills
Walter Gills is the Program Manager for the Clean Water Financing and Assistance Program within the Virginia Department of Environmental Quality (DEQ). His principle responsibility is to manage the Virginia Clean Water Revolving Loan Fund (VCWRLF), previously known as the Virginia Revolving Loan Fund, on behalf of the State Water Control Board (SWCB). In this capacity, Walter helps in administering the policy aspects of the Fund, receiving applications and providing funding recommendations to the SWCB. The Virginia Resources Authority (VRA) serves as the financial manager of the Fund.
Robert Gittler
Bob Gittler is an economic development specialist with the US Department of Commerce, Economic Development Administration (EDA), the only federal agency focused exclusively on economic development through strategic investments that foster job creation and attract private investment. Bob is headquartered in the agency’s Philadelphia office where he supports Virginia and West Virginia.
Basil Gooden
Basil Gooden was appointed to serve as the State Director of the U.S. Department of Agriculture, Rural Development for the Commonwealth of Virginia in 2014. Prior to joining USDA – Rural Development, Basil served as the Chief Deputy Director of the Virginia Department of Housing and Community Development (DHCD). Before DHCD, Basil worked at Virginia Tech where he served as the Coordinator of Outreach and Community Relations.
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Speaker Biographies Mary Katherine Greenlaw
Mary Katherine Greenlaw is mayor of the city of Fredericksburg, Virginia where she has been active in numerous city and regional civic endeavors for many years. A former Chair of MediCorp Health System, she is currently Chairman of the Mary Washington Hospital Foundation. Mayor Greenlaw represents the City on the Fredericksburg Regional Alliance. She is also a founding member of the Fredericksburg Festival of the Arts.
Bill Greenleaf
Bill Greenleaf serves as the Executive Director of Richmond Region Energy Alliance. He formerly was the COO of William McDonough and Partners, a leading architecture and consulting firm specializing in sustainable design. Prior to his role with William McDonough and Partners, Mr. Greenleaf worked in commercial real estate finance for a variety of financial institutions. He served on the Governor of Virginia’s Commission on Climate Change in 2008 and the Governor’s Energy Policy Advisory Council in 2009.
Robert Hilt
Robert Hilt serves as an Area Specialist at USDA Rural Development for the region including Bristol, Buchanan, Dickenson, Lee, Norton, Russell, Scott, Tazewell, Washington and Wise.
Joe Hines
Joe Hines, PE, MBA is a Partner and currently the Principal-inCharge of the Economic Development Practice at Timmons Group, a consulting engineering and technology firm. Joe is a recognized expert in site selection, infrastructure and site development and community preparedness for economic development projects.
Valerie Holton
Valerie Holton joined the Division of Community Engagement as the Director of Community-Engaged Research in 2012. In her current role, she helps VCU enhance its capacity for community-engaged research. Valerie has worked extensively on the intersection of housing, homelessness and poverty. Prior to her current role, she provided technical assistance to human and state organizations in the areas of program planning, development, evaluation, strategic planning and board development.
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Speaker Biographies P. Christopher Hornung
Chris Hornung is the Chairman of the Fredericksburg Economic Development Authority Board. He is also the Vice President of Engineering and Construction for Silver Companies. At Silver Companies, Chris Hornung oversees the design, permitting and construction of site infrastructure for commercial projects.
Kim Hoyt
Kim Hoyt is President of Bingham Arbitrage Rebate Services. With an extensive background as an accountant and analyst in the banking industry, Kim has worked in arbitrage rebate for over 20 years. She has in-depth knowledge and experience with the different versions, amendments, and technical corrections of regulations that can affect arbitrage calculations.
Peter Huber
Peter Huber is the County Administrator for Pulaski County. Noted for his efforts in economic development, he has worked hard to facilitate and promote strategies that allow the County to compete with neighboring North Carolina and West Virginia. Previously, he served as the County’s Assistant County Administrator and as Town Manager for Town of Saltville.
Richard Hurley
Richard Hurley has served as the ninth president of the University of Mary Washington since July 1, 2010. His career in higher education spans more than three decades. Before coming to the University of Mary Washington, he was vice president for administration and finance at Longwood University from 1985 until 2000. He previously held positions of director of administration at the American Association of State Colleges and Universities (AASCU) and assistant to the chancellor of the Vermont State Colleges. He has also held positions at other colleges and universities.
Deidre Jett
Deidre Jett recently joined the Virginia Department of the Treasury as Public Finance Manager for the Virginia Public School Authority. Her experience in the municipal finance industry includes roles with local government, a rating agency, and investment banking. Most recently she was with Stafford County, Virginia. She also worked as an analyst at Standard and Poor’s and WestLB.
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PUBLIC FINANCE Davenport is a Registered Municipal Advisor Providing Financial Advisory Services to Local Governments, Utilities, Public Sector Entities & Not-for-Profit Issuers
SERVICES INCLUDE ยง
FINANCIAL PLANNING: Multi-Year Budget and Capital Planning Financial Policies Credit Rating Monitoring and Maintenance Financial Pro-Formas Debt Capacity Analysis
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INVESTMENTS: Investment Policies Investment Strategy and Management Cash Flow Forecasting Investment of Bond Proceeds
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TRANSACTIONS: Direct Bank Loans, Public Sales, State & Federal Funding Comparative Analysis of Sale Types Monitor Refunding Opportunities Credit Rating Presentation/Meetings Bid and Pricing Analysis Closing Coordination and Post-Sale Analysis
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Speaker Biographies Maurice Jones
Maurice Jones was appointed Secretary of Commerce and Trade by Governor McAuliffe in January 2014. Previously, he served as Deputy Secretary for the U.S. Department of Housing and Urban Development from April 2012 through January 2014. As the second most senior official at HUD, he managed the Department’s day-today operations, the annual operating budget, and the agency’s 8,900 employees. Prior to HUD, he was President of Pilot Media, Vice President of Landmark Publishing Group, Vice President and General Manager of Pilot Media, and President and Publisher of The VirginianPilot.
Chris Kulp
Chris Kulp is a bond attorney and a partner in the Hunton and Williams law firm. Chris’s practice focuses on municipal bond finance, with emphasis in the areas of federal securities and tax law as well as state and local government law. His representations include bond counsel, underwriter’s counsel, lender’s counsel, counsel to state and local government issuers and counsel to private schools, colleges and universities.
Kevin Larkin
Kevin Larkin is Senior Vice President for Government at Bank of America Merrill Lynch. He specializes in the state and local government sectors and has spent his entire 20-year career with Bank of America, N.A., and its predecessor banks. During his tenure, Kevin has built a large and diverse client base, and has primarily focused on delivery of financial products and services which include letters of credit, interim and long-term debt financing, interest rate risk management tools, leasing, and cash and investment management.
Mitzi Lee
Mitzi Lee is Director of Real Estate Services at Virginia Commonwealth University where she leads a team of real estate professionals involved in the delivery of comprehensive services and management serving the university, related foundations and medical campus. Mitzi began her career a number of years ago in state government, and over the past 29 years, she has worked for several state agencies primarily in real estate related roles.
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Speaker Biographies A. Fletcher Mangum
Fletcher Mangum is the Managing Partner of Mangum Economics, a Richmond-based firm that specializes in producing objective economic, quantitative, and qualitative analysis in support of strategic decision making. Prior to founding Mangum Economic Consulting, LLC, he served as Associate Director and then Chief Economist for the Virginia State Council for Higher Education, where he supervised development of the Council’s recommendations for Virginia’s $5 billion biennial higher education budget.
Joseph Mason
Joe Mason is a Senior Vice President with Davenport & Company LLC. Mr. Mason is a public finance generalist who covers local governments in Maryland and Virginia. Prior to his joining Davenport, Mr. Mason was a Senior Director and Credit Analyst for Fitch Ratings in the Mid-Atlantic Region.
Kenneth McFadyen
Ken McFadyen is the Regional Director of Economic & Entrepreneurial Development for the Blue Ridge Crossroads Economic Development Authority. Previously, he served as the Executive Director of New River Community Partners, as a Town Manager and as Assistant to the County Manager in North Carolina communities.
Greg Montgomery
Greg Montgomery is a Managing Partner of CleanSource Capital with over 20 years experience as a merchant banker to lower/middle market manufacturing, distribution and services companies. He was instrumental in formation of a U.S. subsidiary of a global concentrated solar technology company. Mr. Montgomery arranged financing for one of Exxon’s first renewable energy projects.
Barry Moore
Barry Moore is the vice president for outreach and strategic partnerships where he develops beneficial relationships with industry, business, nonprofit organizations, other universities and colleges, technology research, and local and federal government agencies. He is responsible for elevating the recognition of Liberty University as a unique center of learning and constitutional values.
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Speaker Biographies Chris Morrill
Chris Morrill was appointed Roanoke’s City Manager in March 2010. Chris came to Roanoke from the City of Savannah, Ga. where he had served as Assistant City Manager for a number of years. Past president of the National Government Finance Officers Association, Chris has written numerous articles for Government Finance Review and co-authored The Savannah Story: the Road to Equity and Sustainable Community Development in Economic Development in American Cities: the Pursuit of an Equity Agenda.
Robert Muller
Robert Muller is Managing Director of J.P. Morgan Securities LLC where he provides credit advice to institutional investor clients and works actively with governments, nonprofit entities and private transportation companies to support their bond financings. In various surveys of municipal investors conducted by Institutional Investor magazine, he has been ranked an “All American Analyst” eleven times in various categories, including six first place awards as a transportation sector analyst.
Chris Nolen
Chris Nolen is a partner in the law firm of McGuireWoods LLP and is also senior vice president in McGuireWoods Consulting’s State Government Relations group. Involved in Virginia politics for over 25 years, he has built extensive state and local relationships and provides legal counsel to local and state elected officials regarding campaign finance, election law, recounts, election contests and ethics complaints.
Gary Nuckols
Gary Nuckols is a partner in the business section of Hirschler Fleischer, practicing in the Fredericksburg office. Gary is a lifelong resident of Fredericksburg who has significant experience in a wide range of practice areas including estate planning, commercial real estate transactions, business, taxation, bankruptcy and employment law. He represents business owners, non-profits, financial institutions and professional clients.
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Speaker Biographies William O’Brien
Bill O’Brien is Chairman of the Board of Directors of the Virginia Resources Authority. Mr. O’Brien is the retired County Administrator of Rockingham County, a position he held for over 25 years. Governor Warner appointed Mr. O’Brien Chairman in 2002 and he has been reappointed Chairman each term since that time.
James T. Parrish, Jr.
James T. Parrish, Jr. has more than 24 years of development experience in both higher education and the nonprofit sector, and he currently serves as the Director of Foundation Relations for Virginia Commonwealth University. On occasion he serves VCU in a very different way: as an adjunct faculty member, teaching undergraduate classes in filmmaking and film history for the VCUarts Department of Photography and Film and the School of World Studies.
David Paylor
David Paylor was appointed Director of the Virginia Department of Environmental Quality by Governor Terry McAuliffe in January 2014 and previously was appointed by Governor Bob McDonnell and by Governor Timothy Kaine. His career began in 1973 with the State Water Control Board and continued with DEQ. David is president of the Environmental Research Institute of the States.
Steve Pellei
Steve Pellei is Director of Construction Assistance, Planning and Policy in the Office of Drinking Water, Virginia Department of Health (VDH). A professional engineer, Steve provides support to VDH field representatives and is committed to protecting public health by ensuring that all people in Virginia have access to an adequate supply of affordable, safe drinking water that meets federal and state drinking water standards.
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Wells Fargo is proud to support the Governor’s Infrastructure Financing Conference
Put our experienced team to work for you Wells Fargo Government and Institutional Banking is a specialized business with professionals who are experienced in understanding the unique challenges faced by all types of government organizations. From raising capital and managing assets to increasing operational efficiencies and managing risk, we offer the right combination of services to help you achieve your goals. Let us put the knowledge gained from experience to work for you. To learn more, visit wellsfargo.com/government.
Commercial banking products and services are provided by Wells Fargo Bank, N.A. Investment banking and capital markets products and services are provided by Wells Fargo Securities, and are not a condition to any banking product or service. Wells Fargo Securities is the trade name for certain securities-related capital markets and investment banking services of Wells Fargo & Company and its subsidiaries, including Wells Fargo Securities, LLC, member NYSE, FINRA, NFA, and SIPC, and Wells Fargo Bank, N.A. Municipal derivatives services are provided by Wells Fargo Bank, N.A., a swap dealer registered with the CFTC and a member of the NFA. © 2014 Bank, N.A. All rights reserved. MemberFinancing FDIC. WCS-1223355 Governor’s Infrastructure Conference 30 Wells Fargo
Speaker Biographies Elizabeth Povar
Liz Povar is the Vice-President for Business Expansion for the Virginia Economic Development Partnership (VEDP) where she is responsible for leading VEDP’s Existing Business Growth Strategy, its Ally Communications strategy and its Higher Education Partnership strategy. She has served as Director of VEDP’s Business Development Division. Corporate clients include major technology and advanced manufacturing companies such as Microsoft, Rolls-Royce North America, Merck, DuPont, United Health, SAIC, Barr Labs and the SRI Institute.
James Reynolds, Jr.
James Reynolds is founder, Chairman and Chief Executive Officer of Loop Capital. He has led the firm to becoming the largest minorityowned financial services firm and one of the largest privately-held investment banks in the United States. Jim oversees all aspects of Loop Capital, including investment banking, brokerage and financial advisory services.
Jeffrey Rountree
Jeff Rountree is CEO of the University of Mary Washington Foundation, which serves as the private asset manager for the University, stewarding nearly $200 million in private funds and real estate investments that benefit the University. He serves as President of Eagle Property Holdings, a limited liability corporation that owns and manages nearly 800,000 square feet of commercial, retail, restaurant, office, residential, and multi-family holdings, as well as 500 acres of undeveloped land in the Fredericksburg region. Additionally, The UMW Foundation owns and manages the Hyatt Place Fredericksburg, the region’s newest hotel that opened in January 2014.
Nikki Rovner
Nikki Rovner is the Director of State Government Relations at The Nature Conservancy. Nikki works to foster strong partnerships with government agencies and other organizations, while advocating for the Conservancy’s policy priorities in the Virginia General Assembly. Nikki gained experience as a legislative staffer prior to joining the Conservancy, and then later served as Deputy Secretary of Natural Resources in the administration of Governor Tim Kaine.
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Speaker Biographies Mark Rubin
Mark Rubin currently serves as the Executive Director of the Virginia Center for Consensus Building (VCCB), where he is responsible for the management of the VCCB, a neutral forum for the provision of public policy mediation services to governmental entities and private stakeholders. His focus is providing mediation services as well as training in negotiation, advocacy and mediation skills for the resolution of public policy problems. He previously served as Senior Advisor and Counselor to Governor of Virginia Timothy M. Kaine where he provided advice on budget and other government issues.
Stephen Schemmel
Stephen Schemmel is a Managing Director with Bank of America (BofA) Merrill Lynch in the firm’s Charlotte, North Carolina office. He is a senior government and infrastructure banker, and is responsible for managing the BofA Merrill Lynch public finance business practice across a three state region – North Carolina, South Carolina, and Virginia.
Carrie Schmidt
Carrie Schmidt was named the HUD Richmond Director in July 2011. In this capacity, Schmidt oversees the coordination of HUD programs throughout Virginia with the exception of Northern Virginia. Carrie Schmidt has over 25 years of experience in housing, community and economic development. She recently served as Director, Community Programs for USDA Rural Development serving all rural communities across the Commonwealth of Virginia. In addition, she served as Deputy Director for the Rural Housing Service in Washington, DC, and held numerous positions within Rural Development.
Don Seaborn
Don Seaborn is a founding partner of Angler Environmental. In the last fifteen years, he has been a leader in the development of wetland and stream mitigation banking in Virginia. He has led Angler to become a recognized leader in wetland and stream mitigation in Virginia by developing ten stream and wetland mitigation banks and over 60 other mitigation projects. This has included the restoration of over 15 miles of stream and 300 acres of wetlands completely designed and built by Angler Environmental.
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Speaker Biographies Bill Shelton
Bill Shelton is Director of DHCD, a position he has held since 1998. Bill has been working in state government for more than 27 years and has been with DHCD for 23 years. He began his career with the agency as a community planner and then an associate director before becoming the director of DHCD’s Center on Rural Development. He held that position until 1995 when he became the Deputy Director of the Division of Community Development.
Daniel Siegel
Dan Siegel leads Sands Anderson PC’s Government group. Dan also serves as county attorney for a host of counties and special authorities throughout Virginia. With over twenty years of law practice, he has developed a keen understanding of the wide variety of legal issues affecting governments. Some of these include such issues as growth management, economic development and municipal finance.
Ray Smoot
Ray Smoot is currently a Senior Fellow for the Virginia Tech Foundation, after serving as the Chief Executive Officer of the Virginia Tech Foundation for 35 years where he in 1989 led the University’s partnership with the City of Roanoke to redevelop the Hotel Roanoke and add a conference center.
Kevin Sullivan
Kevin Sullivan presently serves as Associate Vice President for Administration and General Counsel for the Virginia Tech Foundation, Inc., a $1.3M billion charitable foundation supporting Virginia Tech. His responsibilities include handling all legal matters of the foundation and the other related corporations, enterprise-wide risk management, and managing the $600 million real estate portfolio. Kevin also teaches undergraduate law, finance and entrepreneurial courses at Virginia Tech.
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Speaker Biographies Bruce Thompson
Bruce Thompson serves as Chief Executive Officer at Gold Key | PHR Hotels and Resorts. Bruce has been a leader in the travel industry for more than 25 years. His first venture grew to become the largest ski operator on the East Coast. That company evolved into Professional Hospitality Resources (PHR), as he expanded into hotels and restaurants. In 1986, he entered the vacation ownership industry, cofounding the highly successful Gold Key Resorts. In 2011, he launched a large mixed use development at the Virginia Beach oceanfront. Bruce serves as an Executive Director of Cavalier Associates, LLC.
Mark Tanis
Mark Tanis is a Senior Credit Officer at Bank of America Merrill Lynch (BAML) where he is responsible for managing and growing a credit portfolio of government and higher education clients. His portfolio includes student housing deals at 20+ colleges and universities. He has worked in Public Sector Banking at BAML for nearly 17 years.
Sandie Terry
Sandie joined CIT in 2012. As Broadband Program Manager she manages the four ARRA funded broadband projects including project plans, budgeting and associated contracts. Sandie also leads efforts to provide localities with strategic broadband plans identifying local assets, providers, gaps in broadband coverage and provide strategies to address the gaps and improve broadband adoption and utilization. Sandie has over 30 years in information technology having served as the Director of Information Technology in Franklin County.
Matt Tuchi
Matt Tuchi is a Director for US Bank in the Education & Nonprofits Banking Division. He has worked in the banking industry for over 20 years, specializing in higher education and non-profit capital finance solutions. Most recently, he worked for Wachovia Securities before joining US Bank in 2010.
Ray Vaughn
Ray Vaughn is the Senior VP for Regional Corporate Banking with BB&T. He has worked closely with localities and institutions in advancing economic development interests.
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Speaker Biographies John Wack
John Wack began serving as Goochland County’s first Deputy County Administrator for Financial Services in 2010. In this position, John oversees the departments of Finance and Purchasing, and is primarily responsible for the coordination of the annual external audit, managing the budget process, performing quarterly projections, developing the County’s utility user and ad valorem rate outlook.
Gerard Ward
Gerry Ward is the Deputy Director for the Council on Virginia’s Future, which is chaired by the Governor and was established in 2004 to provide a broad-view of Virginia’s progress in key quality-of-life areas and government operations. A signature initiative of the Council, Virginia Performs, is a performance leadership and accountability system for state government. In his role as deputy, Gerry leads research and analysis to support the deliberations of the Council, works with state government leaders to improve management practices, and oversees the operation of elements of Virginia Performs.
Daniel Weekley
Dan Weekley is vice president-Corporate Affairs of Dominion Virginia Power. He is responsible for overseeing all of the company’s federal, state and local government relations, as well as corporate communications, advertising, public relations, creative services, philanthropy and community affairs.
R. A. “Chip” Worley, Jr.
Chip Worley, Jr., is President and Chief Operating Officer for Anderson & Associates, Inc., a regional professional design services firm based in Blacksburg, Virginia. Chip has been with Anderson & Associates, Inc. for 42 years and has worked on numerous water and wastewater projects and other infrastructure improvements for Virginia counties, cities, and towns, from initial planning to the completion of construction.
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Speaker Biographies Evelyn Whitley
Evie Whitley joined the staff of the Debt Management Division of the Virginia Department of Treasury in 1993 and has been director since October 2005. As staff to the Treasury Board, Virginia Public School Authority, Virginia Public Building Authority and the Virginia College Building Authority, the division issues and administers a variety of bond programs. As director, she works with a variety of state agencies, institutions of higher education and local governments, financial advisors, bankers and bond attorneys and oversees the preparation of primary and continuing disclosure, compliance with arbitrage rebate and other federal regulations.
Danny Wilson
Danny Wilson is the Executive Director of the Virginia’s First Regional Industrial Facility Authority. The Authority formed a “Participation Committee” to develop a unique industrial property that would benefit all member governments and communities through site availability not otherwise existing in the region, job creation, and revenue sharing. This committee owns the NRV Commerce Park and oversees its development.
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NOT A DEPOSIT NOT FDIC INSURED MAY LOSE VALUE NOT BANK GUARANTEED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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Sponsors and Exhibitors
Anderson & Associates, Inc. is a progressive employee-owned professional services design firm specializing in civil and environmental engineering, surveying, and planning. Since 1968, A&A has served as planners, designers, stewards, and advocates for institutional, municipal, state, industrial, and private sector clients. A&A emphasizes responsiveness and close attention to client needs through its employee-owners and four offices in Virginia, West Virginia, and North Carolina.Â
Bank of America Merrill Lynch, with its premier trading platform, experience and geographic coverage, delivers superior results for its clients. As an industry leader, Bank of America Merrill Lynch helps municipal and conduit issuers raise debt capital, as well as offering specialized tax advantaged services to institutional investor clients such as banks, mutual funds, insurance companies, corporations, hedge funds, and asset managers. Bank of America Merrill Lynch is ranked #1 among the top ten senior managing underwriters in the country and employs more than 200 highly qualified municipal finance professionals strategically located in cities across the US. As a powerful underwriter with experienced and knowledgeable sales and trading professionals, we have the insight and strength to help clients succeed.
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Sponsors and Exhibitors
Bingham Arbitrage Rebate Services, Inc., a woman-owned firm located in Richmond, Virginia – leading the way in expert tax-exempt bond compliance since 1988. Our unique focus includes Arbitrage Rebate, Verification and Schedule K Form 990 Services. Working closely with bond counsel, Bingham’s highly experienced staff continually monitors changes in US Treasury Regulations and tax laws, guiding clients through myriad compliance complexities, from Small Issuer to large volume pooled issuances. We are ready to help your organization learn the in’s and out’s of bond compliance. Please visit our website at www.bingham-ars.com or call us on our toll-free number (888) 900-5312. We welcome the opportunity to serve you.
Christian & Barton, L.L.P., is a civil practice law firm of approximately 40 attorneys located in Richmond, Virginia. In addition to a broadbased traditional business and trial practice, our lawyers address specialty areas including municipal governance and public finance, employment and tax law, regulatory matters, bankruptcy, healthcare, banking, insurance, real estate ventures, intellectual property, and complex litigation.
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Sponsors and Exhibitors
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at http://www.citigroup.com | Twitter: @Citi | YouTube: http://www.youtube.com/citi | Blog: http:// new.citi.com | Facebook: http://www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi
Davenport is a registered Municipal Advisor that provides Financial Advisory services to local governments, utilities, public sector and not-for-profit issuers in the Mid-Atlantic region. As financial advisor, Davenport handles the debt issuance process for the placement of tax-exempt and taxable municipal securities in both private placement and public offerings. Davenport also provides various financial planning services including multi-year budget and capital planning, credit rating monitoring and maintenance, financial pro-formas, investment strategy and management, debt capacity analysis and financial policy review.
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Sponsors and Exhibitors
Any public entity, either state agency or public body, can participate in an Energy Performance Contract in the Commonwealth of Virginia. These Contracts include an energy audit, design and specifications for upgrades and changes needed to achieve a target energy savings of 15-25%, financing assistance, construction management, training and fine-tuning of installed devices, and a performance guarantee. A fully implemented project typically takes 6-18 months to complete. Throughout the process, the Virginia Department of Mines, Minerals, and Energy is available to assist the state or public entity and the Energy Services Company maintain their commitment to the project, with follow-up activities which may include training and equipment evaluation.
Dominion is one of the nation’s largest producers and transporters of energy, with a portfolio of approximately 23,600 megawatts of generation, 10,900 miles of natural gas transmission, gathering and storage pipeline, and 6,400 miles of electric transmission lines. Headquartered in Richmond, Virginia, Dominion operates one of the nation’s largest natural gas storage systems with 947 billion cubic feet of storage capacity and serves utility and retail energy customers in 10 states. For more information about Dominion, visit the company’s website at www.dom.com.
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Sponsors and Exhibitors
Energy Systems Group (ESG) provides comprehensive energy and facility management services. ESG is committed to delivering innovative, self-funding solutions that increase comfort and productivity, reduce operating costs and perform at peak efficiency, thereby allowing building owner customers to focus on their core mission. ESG is committed to creating strong, long-lasting partnerships with customers and to creating and implementing solutions that preserve and improve the environment in which we all live and work.
Since our establishment more than a century ago, Hunton & Williams LLP has grown to 800 lawyers serving clients from 19 offices worldwide. With an industry focus on energy, financial services, consumer products and retail, and real estate, our global experience extends to myriad legal disciplines, including bankruptcy, commercial litigation, corporate transactions and securities law, public finance, intellectual property, international and government relations, regulatory law, privacy and cybersecurity, and products liability. At Hunton & Williams, we are finding creative, legal structures for the ever-changing world of public finance and taxexempt financing. Our firm’s public finance practice began in the late 1950s, and the firm has been listed in The Bond Buyer’s Municipal Marketplace, better known as the “Red Book,” for more than 50 years. For additional information visit us at www.hunton.com.
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Sponsors and Exhibitors
Jefferies, the global investment banking firm, has served companies and investors for over 50 years. Headquartered in New York, with offices in over 30 cities around the world, the firm provides clients with capital markets and financial advisory services, institutional brokerage and securities research, as well as wealth management.
Loop Capital, founded in 1997, is an investment bank, brokerage and advisory firm that provides creative capital solutions for corporate, governmental and institutional entities across the globe. Loop Capital Markets and its affiliates serve clients in corporate and public finance, financial advisory services, taxable, tax-exempt and global equity sales and trading, analytical services and financial consulting services. Headquartered in Chicago, the firm has over 150 professionals in 22 offices across the country.
McGuireWoods has more than 900 lawyers in 20 offices. We cross borders, practices and industries in the U.S., UK, Belgium and around the world, collaborating with colleagues and managing resources in 128 countries. We serve public, private, government and nonprofit clients. For more than a decade, McGuireWoods has been named a BTI Consulting “Client-Service A-Team,” a distinction maintained by few other U.S. firms. In 2014, the firm ranked for the eighth time among BTI’s “Client Service 30” list of law firms serving Fortune 1000 companies.
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Sponsors and Exhibitors
Morgan Stanley’s Public Finance Department has a long tradition of providing banking, structuring, marketing and distribution services to a wide variety of municipal clients in the Commonwealth and nationwide. The Firm consistently ranks among the top senior underwriters of municipal debt. Morgan Stanley brings premier institutional investor coverage and the largest retail distribution network in the nation, creating a first-class sales distribution network for municipal issuers. The Firm has over 15,000 financial advisors in the Morgan Stanley Wealth Management unit, including 239 financial advisors in Virginia working in 14 offices throughout the Commonwealth dedicated to serving local residents.
Pepco Energy delivers a complete range of renewable energy, energy efficiency products and energy efficiency services to a wide variety of clients, including: state, local and federal government; educational; institutional; industrial; and commercial concerns. Our unique, individualized solutions are custom-designed to meet each of our client’s savings and sustainability goals through our comprehensive planning, construction, implementation and efficiency processes. We provide our customers with the best mix of renewable energy, energy saving technologies and conservation programs to meet their energy, budgetary and sustainability goals.
Raymond James provides solutions to debt capital needs for public, private and not-for-profit companies and municipal entities. Consistently ranked among the top ten municipal bond underwriters in the nation, our team of veteran Public Finance bankers provides innovative solutions to often complex financing needs through a powerful distribution network and premier underwriting desk. Through mutual confidence and trust, deep knowledge, and extensive experience, we give our clients access to success. 44
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Sponsors and Exhibitors
Providing legal services since 1842
Established in 1842, Sands Anderson is a business and government law firm containing a complete array of legal practices and practitioners with offices in Virginia and North Carolina. Sands Anderson offers a comprehensive range of business and litigation legal services with a focus on providing excellent personal service and developing the best solutions for your legal matters. Sands Anderson lawyers make your point with skill, experience and quality service for results that fit your business goals.
Siebert Brandford Shank & Co., L.L.C. is a full-service municipal finance firm that provides investment banking, sales and trading and underwriting services to municipal clients across the nation. Since the firm’s inception, Siebert Brandford Shank has actively participated as senior, co-senior, and co-manager on 77 transactions in Virginia for a total par of over $12.9 billion for issuers including the cities of Richmond, Norfolk, Chesapeake, Hampton and Portsmouth, Commonwealth of Virginia (GO, VPSA, VPBA and VCBA credits), Metropolitan Washington Airports Authority, Virginia Resources Authority and Virginia Port Authority. Our senior and co-managed experience in Virginia has allowed us to establish ourselves as a highly effective and experienced underwriter of Virginia municipal bonds in the primary and secondary market.
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Sponsors and Exhibitors
Since 1962, ISCO Industries, Inc., a global customized piping solutions provider headquartered in Louisville, Ky., stocks and sells a wide variety of HDPE pipe, piping materials, and offers custom HDPE fabrication to provide piping solutions for multiple applications such as: culvert-lining, industrial, municipal, power, oil and gas, mining, environmental, geothermal, golf, and landfill. ISCO has more than 30 facilities in North America, Australia and Chile – inventorying large stockpiles of HDPE pipe and piping products, usually within a one day delivery of most projects. For more information on ISCO, visit www.isco-pipe.com or www.culvert-rehab.com or call 1-800345-ISCO.
Founded in 1864, Spilman Thomas & Battle has a strong regional presence with seven offices strategically located in Virginia, West Virginia, North Carolina and Pennsylvania. In Virginia, Spilman is proud to provide counsel and representation to financial institutions, municipalities, counties and other governmental entities, as well as families and individuals. From its Roanoke office, Spilman brings depth of talent and experience in the areas of public finance, bankruptcy and creditors’ rights, commercial transactions, tax law, and wealth management. With all firm offices interconnected on a robust, secure technology platform, Spilman attorneys collaborate daily with colleagues across the firm, offering the strength of a large, regional law firm coupled with the market knowledge and presence of local lawyers.
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Sponsors and Exhibitors
Stifel, Nicolaus & Company, Incorporated is a wholly owned subsidiary of Stifel Financial Corporation, a publicly traded (NYSE ticker: “SF”) firm providing securities brokerage, investment banking, research, sales, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel works with local governments and developers to finance public infrastructure, with a focus on development and redevelopment efforts. We consistently underwrite more land-secured bonds and tax increment financings (TIFs) than any other underwriter in the country. In 2013 Stifel was the nation’s 9th-ranked senior manager for negotiated municipal bonds and 6th largest brokerage, with more than $140 billion under management. Contact Pamela Holton-Byrd at BYRDP@STIFEL.COM or 804-727-6765 or Laura Radcliff at RADCLIFFL@STIFEL.COM or 804-727-6764. Their downtown Richmond offices are located at 901 E. Byrd St., Suite 1150.
SunTrust Banks, Inc., based in Atlanta, Georgia, is one of the nation’s largest and strongest holding companies. The company provides deposit, credit, trust, investment services through its banking subsidiaries to a broad range of retail, business, and institutional clients. We also provide mortgage banking, brokerage, investment management, equipment leasing, and capital market services.
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Sponsors and Exhibitors
Timmons Group is a multi-disciplined engineering and technology firm recognized for nearly twenty years as one of Engineering News Record’s (ENR) Top 500 Design Firms in the country. The firm provides economic development, civil engineering, environmental, infrastructure, design-build, GIS/geospatial technology, landscape architecture, and surveying services to a diverse client base. Headquartered in Richmond, Virginia, Timmons Group has regional offices throughout Virginia. For more information, visit http://www. timmons.com.
U.S. Bank provides a comprehensive line of banking, investment, mortgage, and payment services products to consumers, businesses and institutions. Through dedicated business lines, U.S. Bank provides specialized services including trustee and paying agent, innovative financing, and treasury management services, to government and non-profit organizations. As a trusted market leader, we provide our clients with strength, stability and service delivery – all performed with the utmost integrity. U.S. Bancorp, with $391 billion in assets as of Sept. 30, 2014, is the parent company of U.S. Bank National Association, the fifth largest commercial bank in the United States. Visit us on the web at www.usbank.com.
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Sponsors and Exhibitors
The federal Drinking Water State Revolving Fund (DWSRF) Program was created by 1996 Amendments to the federal Safe Drinking Water Act (SDWA). One purpose of the Program is to provide financial assistance to public water systems to protect public health and ensure compliance with the SDWA. The Program also places a strong emphasis on preventing drinking water contamination, replacing aging infrastructure, enhancing systems management, and promoting financial sustainability. The Virginia Department of Health (VDH) administers and manages the entire Program with assistance from the Virginia Resources Authority. As of Sept. 2014 approximately $335 million has been made available through VDH’s Program. A majority of the funds is used to provide Construction assistance to correct public health problems and ensure compliance with SWDA. A significant portion of the funds (up to 31% of capitalization grants) is Set Aside to fund programs and activities which enhance the ability of the State and owners of waterworks to ensure a waterworks’ long-term capacity to produce safe drinking water such as source water protection, capacity development, and operator certification programs. Any owner, public or private, of a community waterworks or nonprofit noncommunity waterworks is eligible to apply.
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Sponsors and Exhibitors
Verizon Communications Inc. is a global leader in delivering broadband and other wireless and wireline communications services to consumer, business, government and wholesale customers. Verizon Wireless operates America’s most reliable wireless network, with 104.6 million retail connections nationwide. Verizon also provides converged communications, information and entertainment services over America’s most advanced fiber-optic network, and delivers integrated business solutions to customers in more than 150 countries. In Virginia, consumers, businesses and government agencies continue to benefit from Verizon’s 2013 investment of more than $711 million in its industry-leading fiber-optic and Internet Protocol-based networks in the Commonwealth.
VHDA is a self-supporting, not-for-profit organization created by the Commonwealth of Virginia in 1972, to help Virginians attain quality, affordable housing. VHDA provides mortgages, primarily for firsttime homebuyers and developers of quality rental housing. We use no state taxpayer dollars, but raise money in the capital markets to fund our loans. We also teach free homeownership classes, and help people with disabilities and the elderly make their homes more livable. VHDA works with lenders, developers, local governments, community service organizations and others to help put quality housing within the reach of every Virginian.
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Sponsors and Exhibitors
Virginia Tourism Corporation (VTC) is focused to serve the broader interests of the economy of Virginia by supporting, maintaining and expanding the Commonwealth’s domestic and international inbound tourism and motion picture production industries in order to increase visitor expenditures, tax revenues and employment. VTC’s integrated business teams include the disciplines of research, branding, digital marketing, public relations, sales and meetings, sports marketing, state welcome center and local visitor center partnerships, community tourism development and the stewarding of the Tourism Development Financing Program for the Commonwealth.
Wells Fargo Government and Institutional Banking is a specialized business with professionals who are experienced in understanding the unique challenges faced by state and local governments in a time of budgetary pressures and fiscal constraints. From raising capital and managing assets to increasing operational efficiencies, we can offer the right combination of services to help you achieve your goals. Let us put the knowledge gained from experience to work for you. To learn more, visit wellsfargo.com/government.
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Stephanie L. Hamlett Executive Director 1111 E. Main Street, Suite 1920 Richmond, VA 23219 804.644.3100 phone 804.644.3109 fax www.VirginiaResources.org