Ordinance No. 2026-533 – An Ordinance Deleting Property from the Tax Increment Financing District for the 2017 Park Place Commercial Urban Renewal Area of the City of Tiffin, Iowa, Pursuant to Section 403.19 of the Code of Iowa — H-3

Tiffin/436989-58/TIF Ord Deletion (3 cons) (Park Place URA) ORDINANCE NO. 2026-533 An Ordinance Deleting Property from the Tax Increment Financing District for the 2017 Park Place Commercial Urban Renewal Area of the City of Tiffin, Iowa, Pursuant to Section 403.19 of the Code of Iowa WHEREAS, the City Council of the City of Tiffin, Iowa (the “City”) previously enacted certain ordinances providing for the division of taxes levied on taxable property in the 2017 Park Place Commercial Urban Renewal Area pursuant to Section 403.19 of the Code of Iowa; and WHEREAS, pursuant to said ordinances, a portion of the 2017 Park Place Commercial Urban Renewal Area in the City of Tiffin was designated a “tax increment district”; and WHEREAS, the City Council now desires to decrease the size of the “tax increment district” by deleting certain property; BE IT ENACTED by the City Council of the City of Tiffin, Iowa: Section 1. Purpose. The purpose of this ordinance is to delete certain property from the tax increment financing district for the 2017 Park Place Commercial Urban Renewal Area. Section 2. Definitions. For use within this ordinance the following terms shall have the following meanings: “Deleted Property” shall mean certain real property situated in the City of Tiffin, Johnson County, State of Iowa more particularly described as follows: Parcel ID – 0622304002 – Lot at the SE corner of Forevergreen Road and Boardwalk Avenue Park Place City Center – Part Two, Phase Five, Lot 15. Parcel ID – 0622304001 – Lot at the SW corner of Forevergreen Road and North Park Road Park Place City Center – Part Two, Phase Five, Lot 16. Parcel ID – 0622376020 – Lot north of the Boardwalk (1439 Boardwalk Avenue) STR 22-80-7 SE SW EXC THAT PART OF WILD OAK RIDGE IN SE SW & EXC AUDITOR'S PARCEL 2017107 AS DESC IN SURVEY BK 61 PG 229 & EXC PARK PLACE CITY CENTER - PART TWO, PHASE ONE & EXC AUDITOR'S PARCEL 2018084 AS DESC IN SURVEY BK 62 PG 213 EXC AUDITOR'S PARCELS 2019018 & 2019019 DESC IN SURVEY BK 63 PG 34, EXC AUDITOR'S PARCEL 2018088 AS DESC IN SURVEY BK 62 PG 217 & EXC AUDITOR'S PARCEL 2018124 AS DESC IN SURVEY BK 62 PG 311 & THAT PART DESC AS AUDITOR'S PARCEL 2019028 IN SURVEY BK 63 PG 116 & EXC AUDITOR'S PARCEL 2019057 DESC IN SURVEY BK 63 PG 59 & EXC PARK PLACE CITY CENTER-PART ONE, PHASE THREE & EXC AUDITOR'S PARCEL 2020076 AS DESC IN SURVEY BK 64 PG 119 Parcel ID – 0622376025 – Lot west of the Boardwalk (1439 Boardwalk Avenue) -6- DORSEY & WHITNEY LLP, ATTORNEYS, DES MOINES, IOWA