Resolution 2025-079 – A Resolution Approving the Creation of a Reserve Savings Account for the Fire Department for the Acquisition, Possession, and Maintenance of Fire, Rescue, and Emergency Medical Service Major Equipment and Vehicles

AGENDA ITEM # I-1 AGENDA INFORMATION TIFFIN CITY COUNCIL COMMUNICATION DATE: October 17, 2025 AGENDA ITEM: Resolution 2025-079 – A Resolution Approving the Creation of a Reserve Savings Account for the Fire Department for the Acquisition, Possession, and Maintenance of Fire, Rescue, and Emergency Medical Service Major Equipment and Vehicles ACTION: Approval Purpose To request City Council approval for the creation of a dedicated reserve savings account for the Fire Department to support the acquisition, possession, and maintenance of major fire, rescue, and emergency medical service (EMS) equipment and vehicles. Background The City of Tiffin continues to experience rapid residential and commercial growth, resulting in increased demand for fire and EMS services. The cost of major equipment and vehicles has risen significantly in recent years, making long-term financial planning essential. Effective July 1, 2025, the Iowa Legislature enacted House File 297, amending Iowa Code 384.3, which now allows municipalities to establish reserve savings accounts specifically for police, fire, rescue, and EMS equipment and vehicles. This legislative change provides cities with a new tool for managing and preserving funds for critical public safety infrastructure. This resolution does not allocate specific funds at this time but creates a mechanism for future budgeting and financial planning. It provides flexibility and transparency in managing capital purchases for the Fire Department. Recommendation Staff recommends approval of Resolution 2025-079 to establish the Fire Department Reserve Savings Account in accordance with Iowa Code 384.3(2). ATTACHMENTS: Resolution 1