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EXHIBIT C
ISSUE PRICE CERTIFICATE
$24,000,000
Newport News Redevelopment and Housing Authority
Multifamily Housing Revenue Bonds
(Stuart Gardens II Apartments)
Series 2026
The undersigned, on behalf of Colliers Securities LLC, as underwriter (“Colliers”) hereby certifies
as set forth below with respect to the sale and issuance of the above-captioned bonds (the “Bonds”).
1. Sale of the General Rule Maturities. As of the date of this certificate, for each Maturity
of the General Rule Maturities, the first price at which at least 10% of such Maturity was sold to the Public
is the price listed in Schedule A attached hereto.
2. Reserved.
3. Defined Terms.
(a) General Rule Maturities means those Maturities of the Bonds listed in Schedule A hereto
as the “General Rule Maturities.”
(b) Issuer means the Newport News Redevelopment and Housing Authority.
(c) Maturity means Bonds with the same credit and payment terms. Bonds with different
maturity dates, or Bonds with the same maturity date but different stated interest rates, are treated as
separate maturities.
(d) Public means any person (including an individual, trust, estate, partnership, association,
company, or corporation) other than an Underwriter or a related party to an Underwriter. The term “related
party” for purposes of this certificate means, with respect to a purchaser of the Bonds, if the Underwriter
and the purchaser are subject, directly or indirectly, to (A) more than 50% common ownership of the voting
power or the total value of their stock, if both entities are corporations (including direct ownership by one
corporation of another), (B) more than 50% common ownership of their capital interests or profits interests,
if both entities are partnerships (including direct ownership by one partnership of another), or (C) more
than 50% common ownership of the value of the outstanding stock of the corporation or the capital interests
or profit interests of the partnership, as applicable, if one entity is a corporation and the other entity is a
partnership (including direct ownership of the applicable stock or interests by one entity of the other).
(e) Underwriter means (i) any person that agrees pursuant to a written contract with the Issuer
(or with the lead underwriter to form an underwriting syndicate) to participate in the initial sale of the Bonds
to the Public, and (ii) any person that agrees pursuant to a written contract directly or indirectly with a
person described in clause (i) of this paragraph to participate in the initial sale of the Bonds to the Public
(including a member of a selling group or a party to a retail distribution agreement participating in the initial
sale of the Bonds to the Public).Jump to an indexed page (744 of 744)