I-1 - Preliminary Official Statement - UR Loan Agreement

CITY OF TIFFIN, IOWA GENERAL OBLIGATION DEBT PAYABLE FROM ANNUAL APPROPRIATIONS (As of April 2, 2022) Purpose: G.O. G.O. Annual Annual Appropriation Appropriation Fire Truck Corporate Acquisition Purpose Bonds, Refunding Series Bonds, Series 2018A 2021A Dated: 04/04/18 03/09/21 Original Amount: $1,100,000 $2,510,000 Maturity: 1-Jun 1-Jun TOTAL TOTAL Interest Rates: 4.00% 2.00% PRINCIPAL: PRIN & INT: 2022 $40,000 $330,000 $370,000 $455,700 2022 2023 45,000 345,000 390,000 467,250 2023 2024 45,000 350,000 395,000 463,500 2024 2025 45,000 355,000 400,000 459,650 2025 2026 50,000 370,000 420,000 470,500 2026 2027 50,000 375,000 425,000 466,050 2027 2028 55,000 385,000 440,000 471,350 2028 2029 55,000 0 55,000 80,300 2029 2030 55,000 0 55,000 78,100 2030 2031 60,000 0 60,000 80,800 2031 2032 60,000 0 60,000 78,400 2032 2033 65,000 0 65,000 80,900 2033 2034 65,000 0 65,000 78,300 2034 2035 70,000 0 70,000 80,600 2035 2036 75,000 0 75,000 82,700 2036 2037 75,000 0 75,000 79,700 2037 2038 80,000 0 80,000 81,600 2038 $990,000 $2,510,000 $3,500,000 $4,055,400 (1) (2) (1) NOTE: 86% OF GENERAL OBLIGATION ANNUAL APPROPRIATION DEBT PAYABLE FROM TAXES WILL BE RETIRED WITHIN TEN YEARS. (1) These bonds are subject to an annual appropriation by the City Council and are a general obligation of the City only in the current fiscal year for which an annual appropriation has been made. The bonds count against the City's statutory debt limit to the extent of the current fiscal year principal amount. (2) Payments reflect mandatory sinking fund payments – 25 –