I-1 - Preliminary Official Statement - GO Bond 2024A

Banking/Financial Institutions 1 Banking/financial services in the City are provided by Solon State Bank, Farmers State Bank, Hills Bank and Greenstate Credit Union. Education City residents are served by the Clear Creek Amana Community School District, which is comprised of the communities of Amana, Cosgrove, Oxford, North Liberty, Coralville and Tiffin. Major/Leading Employers 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 Employees 3 University of Iowa Public University 29,860 University of Iowa Hospitals Healthcare 11,000 Iowa City Community School District Public Education 2,289 Veteran’s Affairs Medical Center Healthcare 1,803 Hy-Vee Grocery 1,348 Pearson Educational Measurement Business Consulting 1,000 Mercy Hospital Healthcare 961 City of Iowa City City Government 600 Oral-B Laboratories Inc Dental Equipment 550 Johnson County County Government 500 Largest Taxpayers Following are ten of the largest taxpayers within the City as provided by Johnson County: 2024/2025 Percent Taxable Total Taxable Assessed Valuation Name Business Value ($389,598,963) 4 Park 7 LLC Residential $ 8,864,287 2.28% Willow Ridge Development LLC Residential 6,157,891 1.58 I-80 Distribution Prop, LLC Residential 5,694,065 1.46 Aster Holdings I, LLC Residential, Commercial 5,512,656 1.41 Brookside At Prairie West, LLC Residential 4,641,652 1.19 Mid American Energy Utility 4,565,766 1.17 University Lake Partners II, LLC Residential; 4,172,383 1.07 NSA Property Holdings LLC Residential 3,860,135 0.99 The Hunt Club, LLC Residential 3,190,761 0.82 Fareway Stores, Inc Commercial 2,677,534 0.69 $ 49,337,130 12.66% 1 Source: Federal Deposit Insurance Corporation (FDIC). 2 Source: City of Iowa City and Data Axle Reference Solutions. 3 Includes full-time, part-time and seasonal employees. 4 This value includes military, gas and electric utility, and any tax increment adjustments. – 19 –