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

from the general fund. The City shall deposit any remaining amount received from the payment, award, judgment, or insurance settlement into the relevant fund or reserve savings account. See Iowa Code § 384.3(2)(b) (effective July 1, 2025). 5. Unused moneys in the reserve savings account established pursuant to Iowa Code § 384.3(2)(a) will remain in the account at the end of each fiscal year and will rollover to the next fiscal year. 6. The fire department may, with City Council approval, use funds from the reserve savings account for the purchase of major equipment or vehicles for fire, rescue, or emergency medical services. 7. Nothing in this Resolution shall be construed to be limit the City’s ability or option to fund any fire, rescue, or emergency medical services through other funding sources, accounts, or mechanisms as permitted by law. 8. The City Clerk, City Administrator, and Mayor are authorized to take any action necessary for the creation of the reserve savings account, including executing financial documents, to establish said account and other actions needed to carry out this Resolution. On the 21st day of October, 2025, at a regular meeting of the Tiffin City Council, Tiffin, Iowa, Councilperson _____ introduced RESOLUTION NO. 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, and made a motion for approval. Motion seconded by Councilperson _____. Ayes: Nays: Absent: Whereupon _____ Council members were present and voted approval and Mayor Kasparek declared that RESOLUTION NO. 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, to be adopted and signified his approval of the same by affixing his signature thereto. Passed by the City Council on the 21st day of October, 2025. City of Tiffin ____________________________ Tim Kasparek, Mayor ATTEST: ________________________________ Abigail Hora, City Clerk 2