Free Memorandum in Support of Motion - District Court of Connecticut - Connecticut

Case 3:03—cv—00698-JBA Docum?-3% Filed 10/16/2003 Page 1 of 2
Wachovia Bank, National Association
Corporate Trust Division
200 Berkeley Street, l7°` Floor
Boston, MA 02116
Tel 6 l 7·2 l 0-3 773
Fax 617-210-3775 VWKCHOVIA
Xi: OFFICIAL NOTICE
NOTICE OF ACCELERATION OF PAYMENT TO THE HOLDERS OF
Housing Authority of the City of Danbury $11,000,000 Variable Rate Demand
General Obligation Bonds, Series 2000
*CUSIP #235874AA2
NOTICE IS HEREBY GIVEN, Wachovia Bank, National Association (f/k/a First
Union National Bank), as Trustee (the "Trustee") under the Indenture of Trust by and
between Housing Authority of the City of Danbury, (the "Authority") and First Union
National Bank, dated December l, 2000 securing the Authority’s Tax-Exempt Variable
Rate Demand General Obligation Bonds, Series 2000 (the " Indenture"), has received
notice from the Authority that there has occurred an Event of Default under the
Indenture, relating to the Housing Authority of the City of Danbury Variable Rate
Demand General Obligation Bonds, Series 2000 (the "Bonds"). By such notice, The
Trustee is to accelerate the unpaid principal of and interest on the Bonds by declaring the
current outstanding principal amotmt of all Bonds and interest accrued thereon
immediately due and payable. Therefore, pursuant to Section 7.2 of the Indenture, the
Trustee herby declares the principal of all the Bonds outstanding and the interest accrued
thereon due and payable on May 16, 2003.
To receive payment on the Bonds, bondholders should present their Bonds for payment
and surrender at the following address:
Wachovia Bank, National Association
Wachovia Customer Information Center
Corporate Trust Operations/ Redemptions
1525 West W.T. Harris Blvd., 3C3
Charlotte, NC 28288-l 153
By: Wachovia Bank, National Association
(f/k/a First Union National Bank)
as Trustee
Dated: May 14, 2003

Case 3:03—cv—00698-JBA Document 9-3 Filed 10/16/2003 Page 2 of 2
*No representation is made as to the correctness of the CUSIP number either as
printed on the bonds or as contained herein and reliance may be placed only on the
identification numbers.
"When presenting bonds for payment, bondholders should provide their tax
identification number (via Form W-9) to avoid the withholding of 31% of the
principal to be redeemed as required by Section 3406 (1) of the Internal Revenue
code of` 1986 as amended". Holders of the above described securities, who wish to
avoid the applications of these provisions should submit certified taxpayer
identification numbers on I.R.S Form W-9 when presenting their securities for
redemption.