Resolutions-2018-042

April 27, 2018 VIA EMAIL Doug Boldt City Administrator/City Hall Tiffin, Iowa Re: Tiffin, Iowa $6,754,000 SRF Sewer Revenue Loan and Disbursement Agreement File No. 436989-18 Dear Doug: We have prepared and attach proceedings to be used at the May 1, 2018 City Council meeting to enable the City Council (the “Council”) to hold the public hearing and adopt the resolution (the “Resolution”) approving the Sewer Revenue Loan and Disbursement Agreement (the “Agreement”) and providing for the issuance of the Sewer Revenue Bond, Series 2018 (the “Bond”). The proceedings attached include the following items: 1. Minutes of the May 1, 2018 meeting reflecting the hearing and 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, please find the Agreement for execution by you and the Mayor. Please print three copies of the Agreement, and have them executed as indicated. After the Agreements have been signed, please return them 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. In addition, we have prepared and attach the Bond. Please have the Bond signed as indicated, and return the original to us so that we can deliver it to the lender at the time of closing. Please note that you must sign the Bond in two places, once as the City Clerk and once as the City Treasurer. The Mayor must also sign the Bond.