I-1 - Preliminary Official Statement Series 2021A Refunding

GENERAL INFORMATION Location/Access/Transportation The City of Tiffin, located in Johnson County, is situated in east central Iowa. The City lies approximately 8 miles northwest of Iowa City, 23 miles south of Cedar Rapids, and 63 miles west of Davenport. Access is available via Interstate Highways 80 and 380 and U.S. Highway 6. Area 2,650 Acres (4.14 Square Miles) Population 1990 Census 460 2010 Census 1,947 2000 Census 975 2020 Estimate1 4,200 2 Labor Force Data Comparative average labor force and unemployment rate figures for 2020 (through October) and year-end 2019 are listed below. Figures are not seasonally adjusted, and numbers of people are estimated by place of residence. October 2020 2019 Civilian Unemployment Civilian Unemployment Labor Force Rate Labor Force Rate Johnson County 85,330 5.4% 87,700 2.0% Iowa 1,678,740 6.0 1,738,800 2.7 Income Data3 Comparative income levels are listed below for the City, the State of Iowa and the United States. Tiffin, Iowa State of Iowa United States Median Family Income $95,135 $77,099 $77,263 Per Capita Income 32,287 32,176 34,103 City Government Tiffin, incorporated in 1906, operates with a mayor-council form of government. It has a mayor elected for a two-year term and five council members elected at large. Council members serve four-year overlapping terms. The professional staff includes an administrator/clerk, deputy clerk, utility billing clerk, building official, public works director, contracted city engineer, and contracted city attorney and city clerk/treasurer. The City also operates the following business-type activities: water utility and sewer utility. The Sanitary Sewer Utility System has approximately 580 municipal connections served by a 1,000,000-gallon per day treatment system, as well as 2 municipal lift stations. Average demand is 100,000 gallons per day, while peak demand reaches 270,000 gallons per day. The 2010 audited charges for service were $231,555 with the average charge per year per connection at approximately $399. The sanitary sewer rate is based on water usage. Current residential rates are as follows: $6.63 base rate for the first 2,500 gallons plus an additional $2.65 per thousand gallons after. 1 Source: City of Tiffin. 2 Iowa Workforce Development. 3 Source: 2015-2019 American Community Survey, U.S. Census Bureau. A-2