I-1 - Preliminary Official Statement Series 2021A Refunding

Commercial/Industrial Development Building construction and commercial/industrial development completed within the past twelve months have been as follows: Description Name Product/Service of Construction Year Shamrock Industrial Commercial Lots Commercial Bays 2020 Building Permits1 Building permits issued for the past five calendar years and a portion of this year are as follows: New Commercial/ New Total Industrial Residential Number of Total Number Number Building Permit Year of Permits of Permits Permits Valuation 2020 (as of 12/14) 8 187 377 $56,410,164 2019 1 240 357 41,159,396 2018 3 162 286 61,046,396 2017 3 146 232 32,162,498 2016 2 146 224 38,513,192 2015 4 160 219 32,309,572 Banking/Financial Institutions2 Banking/financial services in the City are provided by Solon State Bank. Education City residents are served by the Clear Creek Amana Community School District, which is comprised of the communities of Amanda, Cosgrove, Oxford, North Liberty, and Tiffin. Major/Leading Employers3 Major employers in the City are generally smaller, service-related business, and many City residents are employed within the Iowa City metropolitan area. Following are selective major/leading employers in the nearby City of Iowa City: Number of Name Product/Service Employees4 University of Iowa Public University 30,012 University of Iowa Hospitals Healthcare 11,551 Veteran’s Affairs Medical Center Healthcare 2,115 Iowa City Community School District Public Education 1,518 Mercy Hospital Healthcare 1,299 ACT, Inc. Educational Programs 1,079 Hy-Vee Grocery 1,033 Pearson Educational Measurement Business Consulting 1,000 City of Iowa City City Government 962 International Automotive Components Group Manufacturing 750 1 Building permits do not include sign, plumbing and electrical, or mechanical permits. 2 Source: Federal Deposit Insurance Corporation (FDIC). 3 Source: City of Iowa and Reference USA. 4 Includes full-time, part-time and seasonal employees. The numbers above do not reflect ongoing changes in employment due to the COVID-19 pandemic. A-5