G-1, I-1 - Resolution 2024-007 - 3.75M General Obligation Bond - 2024A

February 14, 2024 Via Email Doug Boldt City Administrator/City Hall Tiffin, Iowa Re: General Obligation Loan Agreement Our File No. 436989-43 Dear Doug: We have prepared and attach the necessary proceedings covering the public hearing on the General Obligation Loan Agreement (the “Loan Agreement”) and providing for the adoption of a resolution taking additional action with respect to the General Obligation Corporate Purpose Bonds, Series 2024A (the “Bonds”) at the February 20th City Council meeting. The resolution also authorizes a property tax levy for the fiscal year beginning on July 1, 2024, in the amount of $349,076 for the payment of debt service on the Bonds. After it is adopted, a certified copy of the attached resolution must be filed with the Johnson County Auditor by no later than close of business on April 14, 2024. Please print an extra copy of the resolution for this purpose. The proceedings attached include the following items: 1. Minutes of the meeting covering the hearing, followed by the resolution taking additional action in connection with the Loan Agreement. This resolution simply sets forth the City Council’s determination to enter into the Loan Agreement in the future, and its adoption constitutes the “additional action” required by the Iowa Code. The resolution also authorizes the debt service property tax levy in the next fiscal year. 2. Attestation Certificate with respect to the validity of the transcript. 3. County Filing Certificate of the Johnson County Auditor relating to the filing of a certified copy of the resolution in that office. As these proceedings are completed, please return one fully executed copy to our office via email to [email protected]. If you have any questions, please contact Erin Regan, Cheryl Ritter or me. Best regards, John P. Danos Attachments cc: Northland Securities, Inc. Diana VanVleet