Resolutions-2015-083 (2)

City of Tiffin, Iowa $4,430,000 General Obligation Annual Appropriation Corporate Purpose Bonds Bonds, Series 2015A No Advisory or Fiduciary Role. The City of Tiffin, Iowa ("Issuer") acknowledges and agrees that: (i) the transaction contemplated by this contract is an arm's length, commercial transaction between the Issuer and Northland Securities, Inc. ("NSI") in which NSI is acting solely as a principal and is not acting as a municipal advisor, financial advisor or fiduciary to the Issuer; (ii) NSI has not assumed any advisory or fiduciary responsibility to the Issuer with respect to the transaction contemplated hereby and the discussions, undertakings and procedures leading thereto (irrespective of whether NSI has provided other services or is currently providing other services to the Issuer on other matters); (iii) the only obligations NSI has to the Issuer with respect to the transaction contemplated hereby are those expressly set forth in this contract and those set forth in applicable law and administrative rules and regulations, including but not limited to MSRB Rule G-17; and (iv) the Issuer has consulted its own legal, accounting, tax, financial and other advisors, as applicable, to the extent it has deemed appropriate. Respectfully submitted this 24th day of June, 2015. NORTHLAND SECURITIES, INC. By: ____________________________ [Signature] The foregoing proposal was duly accepted by the City Council of Tiffin, Iowa, at 6:30 p.m. this 24th day of June, 2015. By: ____________________________ Mayor Attest: ____________________________ Clerk