Resolutions-2022-029

March 30, 2022 Via Email Doug Boldt City Administrator/City Hall Tiffin, Iowa Re: General Obligation Urban Renewal Bonds, Series 2022A Our File No. 436989-37 Dear Doug: We have prepared and attach the necessary proceedings covering the hearing on the Urban Renewal Loan Agreement (the “Loan Agreement”) and providing for the adoption of a resolution taking additional action with respect to that Loan Agreement, at the April 5th City Council meeting. The resolution also combines the loan agreements and authorizes the use of a preliminary official statement (the “P.O.S.”) by Northland Securities, Inc. in connection with the marketing of the Bonds. The proceedings attached include the following items: 1. Minutes of the meeting covering the hearing, followed by the resolution taking additional action in connection with the Loan Agreement. This resolution simply sets forth the City Council’s determination to enter into the Loan Agreement in the future, and its adoption constitutes the “additional action” required by the Iowa Code. The resolution also provides for the authorization of the P.O.S. 2. Attestation Certificate with respect to the validity of the transcript. On April 5th the City Council should meet as scheduled, hold the hearing on its intention to enter into the Loan Agreement and adopt the attached resolution. The minutes as drafted assume that no petition will be filed requesting an election on the borrowing proposal. Please notify us as soon as possible, if such a petition is filed. Prior to the adoption of the resolution, you and the City Council should review the proposed P.O.S., which Northland Securities, Inc. is preparing, carefully for accuracy and to ensure that there are no important facts being left out of the document that might bear on potential risks to bond holders. It should be noted that, while we will review and comment on the portions of the document that are pertinent to our role as bond counsel, we have not been engaged as disclosure counsel, and we will not engage in a full due diligence process to investigate the accuracy of financial data or any bond holder risks that are unknown to us, nor will we be providing any legal opinions with respect to the documents offering the Bonds for sale. We are available to do this additional work as the City’s disclosure counsel if requested.