I-1 - Preliminary Official Statement - UR Loan Agreement

CITY OF TIFFIN, IOWA GENERAL OBLIGATION DEBT PAYABLE FROM TAXES (As of April 2, 2022, Plus This Issue) This Issue Purpose: G.O. G.O. G.O. Urban G.O. Corporate Corporate Renewal and Urban Purpose Purpose Refunding Renewal Bonds, Bonds, Bonds, Bonds, Series Series Series Series 2017A 2019A 2020A 2022A Dated: 12/20/17 09/04/19 08/25/20 05/18/22 Original Amount: $5,140,000 $4,500,000 $7,670,000 $2,755,000 Maturity: 1-Jun 1-Jun 1-Jun 1-Jun TOTAL TOTAL Interest Rates: 3.00-3.15% 2.00-2.35% 2.00% PRINCIPAL: PRIN & INT: 2022 $300,000 $375,000 $475,000 $0 $1,150,000 $1,504,710 2022 2023 310,000 385,000 560,000 25,000 1,280,000 1,716,372 2023 2024 320,000 390,000 750,000 335,000 1,795,000 2,159,653 2024 2025 330,000 400,000 770,000 170,000 1,670,000 1,996,178 2025 2026 340,000 405,000 790,000 180,000 1,715,000 2,002,346 2026 2027 350,000 415,000 800,000 180,000 1,745,000 1,992,411 2027 2028 360,000 425,000 460,000 185,000 1,430,000 1,640,001 2028 2029 370,000 435,000 475,000 190,000 1,470,000 1,645,001 2029 2030 385,000 445,000 480,000 195,000 1,505,000 1,643,876 2030 2031 395,000 455,000 450,000 200,000 1,500,000 1,602,016 2031 2032 405,000 0 455,000 205,000 1,065,000 1,134,949 2032 2033 420,000 0 260,000 210,000 890,000 934,143 2033 2034 0 0 270,000 215,000 485,000 511,011 2034 2035 0 0 280,000 110,000 390,000 405,663 2035 2036 0 0 0 115,000 115,000 124,403 2036 2037 0 0 0 120,000 120,000 125,730 2037 2038 0 0 0 120,000 120,000 121,920 2038 $4,285,000 $4,130,000 $7,275,000 $2,755,000 $18,445,000 $21,260,382 NOTE: 83% OF GENERAL OBLIGATION DEBT PAYABLE FROM TAXES WILL BE RETIRED WITHIN TEN YEARS. – 24 –