Resolutions-2022-042

Tiffin / 436989- 37 / Iss GO CP LA Principal of the Bond maturing on June 1, 2034 is subject to mandatory redemption ( by lot, as selected by the Registrar) on June 1, 2033 at a redemption price of 100% of the principal amount thereof to be redeemed, plus accrued interest thereon to the redemption date, in the following principal amounts: Principal Year Amount 2033 $ 000 200, 2034 $ 000 (Maturity) 200, Principal of the Bond maturing on June 1, 2038 is subject to mandatory redemption ( by lot,as selectedby the Registrar) on June 1, 2035, June 1, 2036, and June 1, 2037 at a redemption price of 100% of the principal amount thereof to be redeemed, plus accrued interest thereon to the redemption date, in the following principal amounts: Principal Year Amount 2035 $ 000 115, 2036 $ 120, 000 2037 $ 000 125, 2038 $ 000 (Maturity) 130, If less than the entire principal amount of any Bond in a denomination of more than 000 is to be redeemed, the Registrar will issue and deliver 5, to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds ( or portion thereof) to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City' s registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available, such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided, shall cease to bear interest on the redemption date. Accrued interest on the Bonds shall be payable semiannually on the first day of June and December in each year, commencing December 1, 2022. Interest shall be calculated on the basis of a 360 -day year comprised of twelve 30 -day months. of interest on the Bonds shall Payment be made to the registered owners the registration books of the City at the close of appearing on business on the fifteenth day of the month next preceding the interest payment date and shall be paid to the registered owners at the addresses shown on such registration books. Principal of the Bonds shall be payable in lawful money of the United States of America to the registered owners or their legal representatives upon presentation and surrender of the Bond or Bonds at the office of the Paying Agent. 5- DORSEY & WHITNEY LLP, ATTORNEY, DES MOINES, IOWA