Resolutions-2018-005

CITY OF TIFFIN, IOWA GENERAL OBLIGATION DEBT PAYABLE FROM TAXES (As of March 2, 2018) <table> <tr> <th rowspan="2">Purpose:</th> <th colspan="2">G.O.</th> <th colspan="2">G.O.</th> </tr> <tr> <th>Corporate Purpose and Refunding Bonds, Series 2012A</th> <th>Corporate Bonds, Series 2017A</th> <th>Corporate Purpose and Refunding Bonds, Series 2012A</th> <th>Corporate Bonds, Series 2017A</th> </tr> <tr> <td>Dated:</td> <td>09/01/12</td> <td>12/20/17</td> <td></td> <td></td> </tr> <tr> <td>Original Amount:</td> <td>$6,100,000</td> <td>$5,140,000</td> <td></td> <td></td> </tr> <tr> <td>Maturity:</td> <td>1-Jun</td> <td>1-Jun</td> <td>TOTAL</td> <td>TOTAL</td> </tr> <tr> <td>Interest Rates:</td> <td>1.00-2.50%</td> <td>3.00-3.15%</td> <td>PRINCIPAL:</td> <td>PRIN & INT:</td> </tr> <tr> <td>2018</td> <td>$450,000</td> <td>$0</td> <td>$450,000</td> <td>$667,363</td> <td>2018</td> </tr> <tr> <td>2019</td> <td>460,000</td> <td>275,000</td> <td>735,000</td> <td>950,605</td> <td>2019</td> </tr> <tr> <td>2020</td> <td>390,000</td> <td>285,000</td> <td>675,000</td> <td>876,078</td> <td>2020</td> </tr> <tr> <td>2021</td> <td>395,000</td> <td>295,000</td> <td>690,000</td> <td>875,899</td> <td>2021</td> </tr> <tr> <td>2022</td> <td>405,000</td> <td>300,000</td> <td>705,000</td> <td>874,468</td> <td>2022</td> </tr> <tr> <td>2023</td> <td>410,000</td> <td>310,000</td> <td>720,000</td> <td>872,168</td> <td>2023</td> </tr> <tr> <td>2024</td> <td>335,000</td> <td>320,000</td> <td>655,000</td> <td>790,016</td> <td>2024</td> </tr> <tr> <td>2025</td> <td>345,000</td> <td>330,000</td> <td>675,000</td> <td>792,698</td> <td>2025</td> </tr> <tr> <td>2026</td> <td>350,000</td> <td>340,000</td> <td>690,000</td> <td>789,480</td> <td>2026</td> </tr> <tr> <td>2027</td> <td>360,000</td> <td>350,000</td> <td>710,000</td> <td>790,430</td> <td>2027</td> </tr> <tr> <td>2028</td> <td>0</td> <td>360,000</td> <td>360,000</td> <td>425,280</td> <td>2028</td> </tr> <tr> <td>2029</td> <td>0</td> <td>370,000</td> <td>370,000</td> <td>424,330</td> <td>2029</td> </tr> <tr> <td>2030</td> <td>0</td> <td>385,000</td> <td>385,000</td> <td>428,005</td> <td>2030</td> </tr> <tr> <td>2031</td> <td>0</td> <td>395,000</td> <td>395,000</td> <td>426,305</td> <td>2031</td> </tr> <tr> <td>2032</td> <td>0</td> <td>405,000</td> <td>405,000</td> <td>424,305</td> <td>2032</td> </tr> <tr> <td>2033</td> <td>0</td> <td>420,000</td> <td>420,000</td> <td>426,615</td> <td>2033</td> </tr> <tr> <td></td> <td>$3,900,000</td> <td>$5,140,000</td> <td>$9,040,000</td> <td>$10,834,043</td> <td></td> </tr> </table> NOTE: 74% OF GENERAL OBLIGATION DEBT PAYABLE FROM TAXES WILL BE RETIRED WITHIN TEN YEARS. (1) These bonds current refunded $219,834.83 of the $488,685 General Obligation Sewer Improvement Bond, Series 1999A, dated September 30, 1999. Maturities 2013 through 2019, inclusive, were called for redemption on September 12, 2012, at a price of par plus accrued interest. The bonds also current refunded $245,045.25 of the $590,000 General Obligation Sewer Improvement Bond, Series 1999B, dated September 30, 1999. Maturities 2013 through 2019, inclusive, were called for redemption on September 12, 2012, at a price of par plus accrued interest. In addition, the bonds current refunded $820,851 of the $1,310,000 General Obligation Water Improvement Bond, Series 2003A, dated December 1, 2003. Maturities 2013 through 2023, inclusive, were called for redemption on September 12, 2012, at a price of par plus accrued interest. (2) Payments reflect mandatory sinking fund payments