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REMARKETING AGREEMENT
$24,000,000
Newport News Redevelopment and Housing Authority
Multifamily Housing Revenue Bonds
(Stuart Gardens II Apartments)
Series 2026
THIS REMARKETING AGREEMENT, dated as of July 1, 2026 (the “Agreement”), is made
and entered into by and between Stuart Gardens II Housing Partners, LP, a Virginia limited partnership (the
“Borrower”), and Colliers Securities LLC (the “Remarketing Agent”).
W I T N E S S E T H:
WHEREAS, the Newport News Redevelopment and Housing Authority (the “Issuer”) has issued
its Multifamily Housing Revenue Bonds (Stuart Gardens II Apartments) Series 2026 (the “Bonds”)
pursuant to an Indenture of Trust, dated as of July 1, 2026 (the “Indenture”), between the Issuer and U.S.
Bank Trust Company, National Association, as trustee (the “Trustee”); and
WHEREAS, the Bonds and the Indenture provide, among other things, that the owners of the Bonds
will be required to tender their Bonds for purchase on October 1, 2028 (the “Initial Mandatory Tender
Date”), upon the terms and conditions contained in the Bonds and the Indenture;
WHEREAS, the Remarketing Agent has accepted the duties and responsibilities of the remarketing
agent for the Bonds under the Indenture and this Agreement;
NOW, THEREFORE, for and in consideration of the mutual covenants made herein and other
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto
agree as follows:
Section 1. Definitions.
Unless otherwise defined herein, all capitalized terms shall have the meanings ascribed to them in
the Indenture.
Section 2. Appointment of Remarketing Agent.
Subject to the terms and conditions contained herein, the Borrower hereby appoints the
Remarketing Agent to serve as remarketing agent for the Bonds under the Indenture and this Agreement
and the Remarketing Agent hereby accepts the Borrower’s appointment hereunder as remarketing agent for
the Bonds. The terms and conditions of the Indenture relating to the duties and obligations of the
Remarketing Agent are incorporated herein by reference.
Section 3. Responsibilities of Remarketing Agent.
Subject to the terms and conditions set forth in this Agreement and in the Indenture, commencing
on the Closing Date, the Remarketing Agent agrees to (a) perform all duties and obligations of the
Remarketing Agent under and be bound by the terms of the Indenture, including without limitation using
its best efforts to remarket the Bonds and (b) provide, in accordance with and at the times specified in the
Indenture, all notices required by the Indenture. It is understood that in undertaking to perform such duties,Jump to an indexed page (744 of 744)