Discussion of Proposed Development – North Park Road Residential Apartments — North Park Road Residential Multifamily site concept

Why Park Road Residential for Tiffin Community benefits 315 7 18.9 661 2 NEW RENTAL HOMES THREE-STORY BUILDINGS ACRES ON PARK ROAD PARKING STALLS (2.0 / UNIT + GUEST) PHASES Housing Tiffin's growth needs Quality that fits the neighborhood • 315 new Class A rental homes in two phases – studio through • Three-story buildings – same scale and character as Siena Crossing three-bedroom and Callaway; stone, brick and fiber-cement exteriors, pitched roofs • Serves the workforce, young professionals, and right-sizers drawn to • Buffered by the existing tree line; proposed 30' rear and 12' side the Iowa City / Coralville employment base who want to live in Tiffin setbacks from adjacent R1-E; 20' front setback along Park Road • Fills a gap: little new amenity-rich rental product exists in Tiffin today • Parking at 2.0 stalls per unit plus 31 guest stalls – no spillover • Unit mix weighted to studios and one-bedrooms – modest impact on • 89 detached garages, clubhouse, pool, fitness, dog park, trail access schools Site and infrastructure Significant increase to Tiffin's tax base • Single controlled access point on Park Road; optional future cross • Converts ~19 acres of undeveloped land on Park Road to a Class A, access to the south for connectivity professionally managed community • Stormwater management still being explored by MMS Consultants • Adds long-term taxable value and utility customers with no request for (civil engineer of record); detention location not yet determined new City services beyond standard infrastructure • Phased construction limits disruption; Phase I is four buildings and the • Resident spending supports Tiffin businesses and Park Road corridor clubhouse / pool growth 755 Mormon Trek Blvd · Iowa City, IA 52246 · 319.339.9320 · SouthGateCo.com Park Road Residential | Tiffin, Iowa | Concept – September 22, 2026 REAL ESTATE INVESTMENT • PROPERTY MANAGEMENT Conceptual only – subject to change