G-2, I-2 - Resolution 2022-012 - PH and Approval of Sewer Revenue - SQR

CLOSING CERTIFICATE We, the undersigned, Mayor and City Clerk of the City of Tiffin, Iowa (the “City”), do hereby certify as of March 4, 2022 (the “Dated Date”), that we are now and were at the time of the execution of the City’s $486,000 Sewer Revenue Bond, Series 2022 (the “Series 2022 Bond”), the officers respectively above indicated of the City; that in pursuance of Chapter 384 of the Code of Iowa, a resolution adopted by the City Council on February 15, 2022 (the “Resolution”), and a certain Loan and Disbursement Agreement (the “Agreement”), by and between the City and the Iowa Finance Authority, Des Moines, Iowa, as lender (the “Lender”), the Series 2022 Bond has been heretofore lawfully authorized and this day by us lawfully issued and delivered to the Lender and pursuant to the Agreement, the Lender shall loan to the City the maximum sum of $486,000. Terms not otherwise defined herein shall have the meaning given such terms in the Resolution and the Agreement. The Series 2022 Bond has been executed by the aforesaid officers; the certificate on the back of the Series 2022 Bond has been executed by the City Treasurer; and the Series 2022 Bond has been fully registered as to principal in the name of the Lender on the registration books of the City. We further certify that the Series 2022 Bond is being issued to evidence the City’s obligation under the Agreement entered into by the City for the purpose of providing funds to pay a portion of the cost of certain water resource restoration projects to benefit the Municipal Sanitary Sewer System of the City (the “Utility”). We further certify that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the City or the titles of the aforesaid officers to their respective positions or the proceedings incident to the authorization of the Series 2022 Bond or in any way concerning the validity of the Series 2022 Bond or the power and duty of the City to appropriate and apply the Net Revenues (as defined in the Resolution) from the operation of the Utility to the full and prompt payment of the principal of the Series 2022 Bond, and that none of the proceedings incident to the authorization and issuance of the Series 2022 Bond have been repealed or rescinded. We further certify that no appeal of the decision of the City to enter into the Agreement and to issue the Series 2022 Bond has been taken to the district court. We further certify that the City has no other bonds or obligations of any kind now outstanding secured by or payable from the revenues to be derived from the operation of the Utility, except the City’s outstanding Sewer Revenue Bond, SRF Series 2016, dated September 30, 2016; and Sewer Revenue Bond, SRF Series 2018, dated May 11, 2018. We further certify that no board of trustees has been created for the management and control of the Utility and such management and control are vested in the City Council of the City. We further certify that all meetings held in connection with the Series 2022 Bond were open to the public at a place reasonably accessible to the public and that notice was given at least 24 hours prior to the commencement of all meetings by advising the news media who requested notice of the time, date, place and the tentative agenda and by posting such notice and agenda at the City Hall or principal office of the City on a bulletin board or other prominent place which is easily accessible to the public and is the place designated for the purpose of posting notices of meetings.