Resolution No. 2026-007 - A Resolution Approving the Bond Purchase Agreement for the sale of General Obligation Urban Renewal Bonds, Series 2026A

Tiffin / 436989-52 / DRAFT Auth BPA & Iss GO CP Bonds 2026A For collection in the fiscal year beginning July 1, 2030, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2031, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2032, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2033, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2034, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2035, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2036, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2037, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2038, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2039, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2040, sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2041, and sufficient to produce the net annual sum of $_______; For collection in the fiscal year beginning July 1, 2042, sufficient to produce the net annual sum of $_______. Section 8. A certified copy of this resolution shall be filed with the County Auditor of Johnson County, and the County Auditor is hereby instructed to enter for collection and assess the tax hereby authorized. When annually entering such taxes for collection, the County Auditor shall include the same as a part of the tax levy for Debt Service Fund purposes of the City and when collected, the proceeds of the taxes shall be converted into the Debt Service Fund of the City and set aside therein as a special account to be used solely and only for the payment of the principal of and interest on the Bonds hereby authorized and for no other purpose whatsoever. Any amount received by the City as accrued interest on the Bonds shall be deposited into such special account and used to pay interest due on the Bonds on the first interest payment date. -12- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA