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

February 10, 2022 VIA EMAIL Doug Boldt City Administrator/City Hall Tiffin, Iowa Re: Tiffin, Iowa $486,000 SRF Sewer Revenue Loan and Disbursement Agreement File No. 436989-36 Dear Doug: We have prepared and attach proceedings to be used at the February 15, 2022 City Council meeting to enable the Council to adopt the resolution (the “Resolution”) approving the Loan and Disbursement Agreement (the “Agreement”), providing for the issuance of the Sewer Revenue Bond, Series 2022 (the “Bond”) and providing for the corresponding rate reduction on the City’s outstanding Sewer Revenue Bond, Series 2018. The proceedings attached include the following items: 1. Minutes of the February 15, 2022 meeting providing for the adoption of the Resolution. The form of Bond, Treasurer’s Certificate and Assignment are included as part of the Resolution but need not be completed or executed as they are adopted only as to form. 2. Certificate attesting to the transcript. 3. Establishment and non-litigation certificate with respect to the Sewer Utility. Also attached, we have prepared and attach the Bond. Please have the Bond signed as indicated, and return it to us so that we can deliver it to the lender at the time of closing. Please note that the Bond has signature blocks for the Mayor, the City Clerk and the City Treasurer. In addition, we have attached the Closing Certificate for execution by the City Clerk and the Mayor. Please review the Certificate for any inaccuracies and return the executed Certificate to our office. We have also attached the Agreement for execution by the Mayor and the City Clerk. Please print the Agreement and have it executed as indicated. After the Agreement has been signed, please return it to us so that we can have them signed on behalf of the Iowa Finance Authority, after which we will furnish you with a fully executed copy for the City’s records.