City of Chesapeake, Virginia

(Ongoing Engagement)

In December 2005, the City of Chesapeake, Virginia engaged Evergreen as financial advisor to assist in the creation of a financing program to purchase development rights through an IPA program from landowners participating in the Open Space and Agricultural Preservation Program (OSAP). To develop the IPA program for the City of Chesapeake, Evergreen is working with representatives from the City's departments, including Finance, Budget, the City Attorney's Office, the Treasurer's Office, Planning, and the City Manager's Office. Evergreen is also developing responsibilities and guidelines for the completion of IPAs, reviewing the IPA program in terms of the City's overall debt program, providing analysis and projections for the program, and assisting the City in the pricing of U.S. Treasuries. In January 2007, Evergreen advised the City of Chesapeake on the closing of a $1.3 million IPA.

References:
Mr. Brian P. Ballard
Principal Planner
City of Chesapeake Planning Department
306 Cedar Road
P.O. Box 15225
Chesapeake, VA 23320
T: (757) 382-6176
Email: