other · I-1
I-1 - Finance Plan Tiffin 2021A Refunding
Page 10 of 10
Text from the PDF text layer; check the PDF for anything that matters.other factors. Ultimately, the true interest cost calculation (“TIC”) will indicate the overall cost
to the City, regardless of premium.
A premium price produces additional funds that can be used in several ways:
The premium means that the City needs less bond proceeds and can reduce the size of
the issue by the amount of the premium.
The premium can be deposited in the Debt Service Fund and used to pay principal and
interest.
Northland will work with City staff prior to the day of pricing to determine use of premium (if
any).
Rating
A rating will not be requested for the Bonds.
Northland Securities, Inc. Page 8
Sources
- sharepoint (I-1 - Finance Plan Tiffin 2021A Refunding.pdf) — where it was found ↗ first seen Oct 12, 2026
Data last updated October 15, 2026. Built from the archive's documents; see how the data is built.