I-1 - Preliminary Official Statement - UR Loan Agreement

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 2 University of Iowa Public University 29,860 University of Iowa Hospitals Healthcare 11,551 Iowa City Community School District Public Education 2,289 Veteran’s Affairs Medical Center Healthcare 1,803 ACT, Inc. Educational Programs 1,632 Hy-Vee Grocery 1,348 Mercy Hospital Healthcare 1,048 Pearson Educational Measurement Business Consulting 1,000 International Automotive Components Group Manufacturing 750 City of Iowa City City Government 731 Largest Taxpayers Following are 10 of the largest taxpayers within the City as provided by Johnson County: 2022/2023 Taxable Percent of Total Assessed Taxable Valuation Name Property Classification Value ($245,732,592) 3 Willow Ridge Development Residential $6,587,662 2.68% The Hunt Club, LLC Apartments/Residential 5,228,028 2.13 Mid American Energy Utility 5,217,357 2.12 Brookside at Prairie West, LLC Residential 5,148,928 2.10 University Lake Partners II, LLC Residential 4,014,993 1.63 Tiffin Affordable Housing II, LLC Residential 2,713,440 1.10 Tiffin Affordable Housing, LLC Residential 2,659,744 1.08 Aspen Ventures, LLC Residential, Commercial 2,647,376 1.08 Fareway Stores, Inc. Commercial 2,447,820 1.00 MD Real Estate, LLC. Commercial 1,858,770 0.76 $ 38,524,118 15.68% (Remainder of page intentionally left blank) 1 Source: City of Iowa City and Reference USA. 2 Includes full-time, part-time and seasonal employees. 3 After military exemption adjustment and before tax increment value adjustment. – 18 –