I-1 - Preliminary Official Statement - GO Bond 2025

CITY OF TIFFIN, IOWA GENERAL OBLIGATION DEBT PAYABLE FROM ANNUAL APPROPRIATIONS (As of March 2, 2025) Purpose: G.O. G.O. Annual Annual Appropriation Appropriation Fire Truck Corporate Acquisition Purpose Bonds, Refunding Series Bonds, Series 2018A 2021A Dated: 04/04/18 03/09/21 Original Amount: $1,100,000 $2,510,000 Maturity: 1-Jun 1-Jun TOTAL TOTAL Interest Rates: 4.00% 2.00% PRINCIPAL: PRIN & INT: Fiscal Year 2025 $45,000 $355,000 $400,000 $432,050 2025 2026 50,000 370,000 420,000 475,200 2026 2027 50,000 375,000 425,000 470,800 2027 2028 55,000 385,000 440,000 476,300 2028 2029 55,000 0 55,000 81,400 2029 2030 55,000 0 55,000 79,200 2030 2031 60,000 0 60,000 82,000 2031 2032 60,000 0 60,000 79,600 2032 2033 65,000 0 65,000 82,200 2033 2034 65,000 0 65,000 79,600 2034 2035 70,000 0 70,000 82,000 2035 2036 75,000 0 75,000 84,200 2036 2037 75,000 0 75,000 81,200 2037 2038 80,000 0 80,000 83,200 2038 $860,000 $1,485,000 $2,345,000 $2,668,950 (1) (1) NOTE: 87% OF GENERAL OBLIGATION ANNUAL APPROPRIATION DEBT PAYABLE FROM TAXES WILL BE RETIRED WITHIN TEN YEARS. (1) These bonds are subject to an annual appropriation by the City Council and are a general obligation of the City only in the current fiscal year for which an annual appropriation has been made. The bonds count against the City's statutory debt limit to the extent of the current fiscal year principal amount. – 27 –