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

CITY OF TIFFIN, IOWA GENERAL OBLIGATION DEBT PAYABLE FROM TAXES (As of May 2, 2024, Plus This Issue) This Issue Purpose: G.O. G.O. G.O. Urban G.O. G.O. Corporate Corporate Renewal and Corporate Corporate Purpose Purpose Refunding Purpose Purpose Bonds, Bonds, Bonds, Bonds, Bonds, Series Series Series Series Series 2017A 2019A 2020A 2022A 2024A Dated: 12/20/17 09/04/19 08/25/20 05/18/22 05/30/24 Original Amount: $5,140,000 $4,500,000 $7,670,000 $2,740,000 $3,750,000 Maturity: 1-Jun 1-Jun 1-Jun 1-Jun 1-Jun TOTAL TOTAL Interest Rates: 3.00-3.15% 2.00-2.35% 2.00% 2.35-3.50% PRINCIPAL: PRIN & INT: Fiscal Year 2024 $320,000 $390,000 $750,000 $310,000 $0 $1,770,000 $1,967,989 2024 2025 330,000 400,000 770,000 175,000 230,000 1,905,000 2,380,357 2025 2026 340,000 405,000 790,000 195,000 455,000 2,185,000 2,612,323 2026 2027 350,000 415,000 800,000 195,000 470,000 2,230,000 2,601,070 2027 2028 360,000 425,000 460,000 200,000 485,000 1,930,000 2,244,513 2028 2029 370,000 435,000 475,000 210,000 500,000 1,990,000 2,253,590 2029 2030 385,000 445,000 480,000 180,000 515,000 2,005,000 2,216,323 2030 2031 395,000 455,000 450,000 185,000 540,000 2,025,000 2,183,338 2031 2032 405,000 0 455,000 190,000 555,000 1,605,000 1,709,498 2032 2033 420,000 0 260,000 200,000 0 880,000 939,780 2033 2034 0 0 270,000 200,000 0 470,000 504,750 2034 2035 0 0 280,000 115,000 0 395,000 417,750 2035 2036 0 0 0 120,000 0 120,000 133,125 2036 2037 0 0 0 125,000 0 125,000 133,925 2037 2038 0 0 0 130,000 0 130,000 134,550 2038 $3,675,000 $3,370,000 $6,240,000 $2,730,000 $3,750,000 $19,765,000 $22,432,879 (1) NOTE: 94% OF GENERAL OBLIGATION DEBT PAYABLE FROM TAXES WILL BE RETIRED WITHIN TEN YEARS. (1) A portion of these bonds current refunded the General Obligation Corporate Purpose and Refunding Bond, Series 2012A, dated September 1, 2012. M aturities 2021 through 2027, inclusive, were called for redemption on August 25, 2020, at a price of par plus accrued interest. – 25 –