I-1 - Preliminary Official Statement - UR Loan Agreement

CITY OF TIFFIN, IOWA GENERAL INFORMATION Location/Access/Transportation The City of Tiffin, located in Johnson County, is situated in east central Iowa. The City lies approximately 8 miles northwest of Iowa City, 23 miles south of Cedar Rapids, and 63 miles west of Davenport. Access is available via Interstate Highways 80 and 380 and U.S. Highway 6. Area 2,650 Acres (4.14 Square Miles) Population 2000 Census 975 2020 Census 4,512 2010 Census 1,947 2022 City Estimate * 5,300 Labor Force Data 1 Comparative average labor force and unemployment rate figures for year-end 2021 and 2020 are listed below. Figures are not seasonally adjusted, and numbers of people are estimated by place of residence. 2021 2020 Civilian Unemployment Civilian Unemployment Labor Force Rate Labor Force Rate Johnson County 82,075 3.5% 84,092 4.8% Iowa 1,658,025 3.9 1,666,400 5.3 Income Data 2 Comparative income levels are listed below for the City, the State of Iowa and the United States. Tiffin, Iowa State of Iowa United States Median Family Income $95,135 $77,099 $77,263 Per Capita Income 32,287 33,176 34,103 City Government Tiffin, incorporated in 1906, operates with a mayor-council form of government. It has a mayor elected for a two- year term and five council members elected at large. Council members serve four-year overlapping terms. The professional staff includes an administrator/clerk, deputy clerk, utility billing clerk, building official, public works director, contracted city engineer, and contracted city attorney. The City also operates the following business-type activities: water utility and sewer utility. * Source: City of Tiffin. 1 Iowa Workforce Development. 2 Source: 2015-2019 American Community Survey, U.S. Census Bureau. – 14 –