Resolutions-2024-031

Tiffin / 436989- 43 Iss / GO CP Bonds Date Principal Interest Rate Date Principal Interest Rate 2025 $ 170, 000 5. 00% 2029 $ 000 485, 5. 00% 2026 $ 000 415, 5. 00% 2030 $ 000 505, 5. 00% 2027 $ 000 440, 00% 5. 2031 $ 000 530, 00% 5. 2028 $ 460, 000 5. 00% 2032 $ 000 560, 5. 00% Section 3. UMB Bank, n. a.,West Des Moines, Iowa, is hereby designated as the Registrar and Paying Agent for the Bonds and may be hereinafter referred to as the " Registrar" or the " Paying Agent." The City shall enter into an agreement ( the " Registrar/ Paying Agent Agreement") with the Registrar, in substantially the form as has been placed on file with the Council; the Mayor and City Clerk are hereby authorized and directed to sign the Paying Agent Agreement on behalf of the City; and the Registrar/ Registrar/ Paying Agent Agreement is hereby approved. The Bonds are not subject to optional redemption prior to maturity. Accrued interest on the Bonds shall be payable semiannually on the first day of June and December in each year, commencing December 1, 2024. Interest shall be calculated on the basis of a 360 -day year comprised of twelve 30 -day months. Payment of interest on the Bonds shall be made to the registered owners appearing on the registration books of the City at the close of business on the fifteenth day of the month next preceding the interest payment date and shall be paid to the registered owners the addresses shown on such registration books. Principal of the at 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. The Bonds shall be executed of the City with the official manual or facsimile on behalf signature of the Mayor and attested with the official manual or facsimile signature of the City Clerk, and shall be fully registered Bonds without interest coupons. In case any officer whose signature or the facsimile of whose signature appears on the Bonds shall cease to be such officer before the delivery of the Bonds, such signature or such facsimile signature shall nevertheless be valid and sufficient for all purposes, the same as if such officer had remained in office until delivery. The Bonds shall not be valid or become obligatory for any purpose until the Certificate of Authentication thereon shall have been signed by the Registrar. The Bonds shall be fully registered as to principal and interest in the names of the owners on the registration books of the City kept by the Registrar, and after such registration, payment of the principal thereof and interest thereon shall be made only to the registered owners or their legal representatives or assigns. Each Bond shall be transferable only upon the registration books of the City upon presentation to the Registrar, together with either a written instrument of transfer satisfactory to the Registrar or the assignment form thereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. 3- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA