I-2 - Resolution 2021-011 - Authorizing and Approving Loan Agreement - 2021 GO Annual Approp Refunding

February 12, 2021 Via Email Doug Boldt City Administrator/City Hall Tiffin, Iowa Re: General Obligation Annual Appropriation Refunding Bonds, Series 2021A Our File No. 436989-32 Dear Doug: We have prepared and attach the proceedings to be used at the February 16th City Council meeting to enable the City Council to adopt the resolution (the “Resolution”) approving the Loan Agreement and authorizing the issuance of the General Obligation Annual Appropriation Refunding Bonds, Series 2021A. The proceedings attached include the following items: 1. Minutes of the meeting covering the adoption of the Resolution. The Resolution follows the minutes. The form of Bond, Authentication Certificate and Assignment set out in the Resolution should not be completed or executed. 2. Attestation Certificate attesting to the validity of the transcript. 3. Certificate of the County Auditor relating to the filing of certified copy of the Resolution in their office. After it is adopted, a certified copy of the Resolution must be filed with the Johnson County Auditor. An extra copy of the Resolution should be printed for this purpose. In the future, to the extent of affirmative appropriations by the City Council, the County Auditor will have a mandatory duty to make a levy of taxes to pay principal of and interest on the Bonds unless the City’s budget each year affirmatively shows that the tax should not be levied because other funds will be applied to the payment of the Bonds for that budget year. To the extent the City determines that property tax levies will be needed for payment in any year, the tax levy amounts needed must be certified for that year in the City’s budget as part of the Debt Service Fund, and the funds derived from sources other than taxes must be shown on the appropriate budget document As these proceedings are completed, please return one fully executed copy to our office.