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EXHIBIT B
NOTICE OF MANDATORY TENDER
Notice of Mandatory Tender
to the Holders of
$24,000,000
Newport News Redevelopment and Housing Authority
Multifamily Housing Revenue Bonds
(Stuart Gardens II Apartments)
Series 2026
CUSIP Number:
Interest Rate:
Maturity Date:
Mandatory Tender Date:
Principal Amount: $[________]
NOTICE IS HEREBY GIVEN that all bonds referenced above that are outstanding (the “Bonds”) are
subject to mandatory tender for purchase on October 1, 2028 (the “Mandatory Tender Date”) pursuant to
the terms of the Indenture of Trust, dated as of July 1, 2026 (the “Indenture”), between the Newport News
Redevelopment and Housing Authority (the “Issuer”) and U.S. Bank Trust Company, National Association,
a national banking association (the “Trustee”).
In accordance with Section 4.03 of the Indenture, the Bonds are subject to mandatory tender in whole and
not in part on the Mandatory Tender Date and shall be purchased at a price equal to 100% of the principal
amount of such Bonds, plus accrued interest to the Mandatory Tender Date.
No later than 12:00 Noon, Local Time, on the Mandatory Tender Date, the Holders shall deliver the Bonds
to the Trustee. The Holders do not have the right to elect to retain their Bonds and any Bonds not
tendered will nevertheless be deemed to have been tendered and will cease to bear interest from and
after the Mandatory Tender Date.
Any capitalized terms not defined herein shall have the meanings given to them in the Indenture.
Payment of the Bonds will be made on and after the Mandatory Tender Date upon presentation to:
[VERIFY U.S. Bank Trust Company, National Association
PAYMENT 111 Fillmore Avenue East
INSTRUCTIONS] EP-MN-WS3C
St. Paul, MN 55107
You are hereby advised that the above bonds are no longer eligible for reregistration or transfer to another
owner.
Mail Date: ___________
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