NYC Bonds

The City has retained registered municipal advisors and a swap advisor. The City is represented by, and will rely on, its municipal advisors Public Resources Advisory Group, Inc. (“PRAG”), Frasca & Associates, LLC (“Frasca”), and Acacia Financial Group, Inc. (“Acacia”), and its swap advisor Mohanty Gargiulo LLC (“Mohanty”), to provide advice on proposals from underwriters concerning the issuance of municipal securities and municipal financial products generally (including the investment of bond proceeds and escrow investments). The contact person at PRAG is Steven Peyser. The contact person at Frasca is Marvin Sun. The contact person at Acacia is Noreen White. The contact person at Mohanty is Seema Mohanty. The City’s contracts with PRAG, Frasca, and Acacia extend through June 30, 2028 and the City’s contract with Mohanty extends through September 30, 2024; accordingly, this certificate may be relied upon until such date or until its earlier withdrawal (notice of which will be posted on this website). If a proposal received from an underwriter will be seriously considered by the City, the City will share the proposal with its municipal advisors and/or swap advisor. The City makes no representation as to the independence of its municipal advisors or swap advisor with respect to any individual municipal market participant.

The City has retained registered municipal advisors and a swap advisor. The City is represented by, and will rely on, its municipal advisors Public Resources Advisory Group, Inc. (“PRAG”), Frasca & Associates, LLC (“Frasca”), and Acacia Financial Group, Inc. (“Acacia”), and its swap advisor Mohanty Gargiulo LLC (“Mohanty”), to provide advice on proposals from broker-dealers concerning the investment of proceeds of municipal securities. The contact person at PRAG is Andrew Evanchik. The contact person at Frasca is Marvin Sun. The contact person at Acacia is Peter Nissen. The contact person at Mohanty is Seema Mohanty. The City’s contracts with PRAG, Frasca, and Acacia extend through June 30, 2028 and the City’s contract with Mohanty extends through September 30, 2024; accordingly, this certificate may be relied upon until such date or until its earlier withdrawal (notice of which will be posted on this website). If advice received from a broker-dealer will be seriously considered by the City, the City will share the advice with its municipal advisors and/or swap advisor. Please note that, aside from correspondence between a broker-dealer and municipal advisors that is mandated by applicable regulators, the broker-dealer should not speak directly with or send documents directly to a municipal advisor or swap advisor unless specifically directed to by the City. In addition, please be advised that the City does not commingle the proceeds of municipal securities with other City funds. The City makes no representation as to the independence of its municipal advisors or swap advisor with respect to any individual municipal market participant.