Resolution No. 14008 - Authorizing the issuance of $1,200,000 taxable General Obligation Capital Loan Notes, Series 2026A & levying a tax for the payment

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ITEMS TO INCLUDE ON AGENDA FOR FEBRUARY 24, 2026 WOODBURY COUNTY, IOWA

$1,200,000 General Obligation Capital Loan Notes, Series 2026A

• Resolution authorizing the issuance and levying a tax for the payment thereof.

NOTICE MUST BE GIVEN PURSUANT TO IOWA CODE CHAPTER 21 AND THE LOCAL RULES OF THE COUNTY.

The Board of Supervisors of Woodbury County, State of Iowa, met in open session, in the Board Room, Woodbury County Courthouse, 620 Douglas Street, Sioux City, Iowa, at 4:55 P.M., on the above date. There were present Chairperson Nelson in the chair, and the following named Board Members:

Carper, Dietrich, Ung.
Absent: Bittinger

Board Member Nelson introduced the following Resolution entitled "Resolution authorizing the issuance of $1,200,000 general obligation capital loan notes, series 2026a, and levying a tax for the payment thereof", and moved that the same be adopted. Board Member Dietrich _ seconded the motion to adopt. The roll was called, and the vote was,

AYES: Nelson, Carper, Dietrich, Ung

Whereupon, the Chairperson declared the Resolution duly adopted as follows:

RESOLUTION NO. 14,008

Resolution authorizing the issuance of $1,200,000 general obligation capital loan Notes, series 2026a, and levying a tax for the Payment thereof

WHEREAS, Woodbury County, State of Iowa ("Issuer"), is a political subdivision, organized and existing under the Constitution and laws of the State of Iowa, and is not affected by any special legislation; and

WHEREAS, the Issuer is in need of funds to pay costs of (i) demolition of abandoned, dilapidated, or dangerous buildings, structures or properties or the abatement of a nuisance including demolition of the old law enforcement center and acquiring, developing, and improving the geographic computer data system including hardware, software and dashboard; (ii) the erection, equipment, remodeling or reconstruction various public building projects, including the site or grounds thereof, including replacement of an elevator at the Courthouse and replacing or repairing sidewalks at the emergency services building; and equipping various public buildings including software, hardware, fiberoptics and other equipment; and (ii) acquisition and development of land for a public park or other recreation or conservation purpose, including the Little Sioux Road project (the "Project"), and it is deemed necessary and advisable that General Obligation Capital Loan Notes, Series 2026A, in the amount of $1,200,000 be issued; and

WHEREAS, the Board of Supervisors has taken such acts as are necessary to authorize the issuance of the Notes.

NOW, THEREFORE, IT IS RESOLVED BY THE BOARD OF SUPERVISORS OF WOODBURY COUNTY, STATE OF IOWA:

Section 1. Authorization of the Issuance. General Obligation Capital Loan Notes, Series 2026A, in the amount of $1,200,000 shall be issued pursuant to the provisions of Iowa Code Sections 331.402, 331.442, 331.443, and 331.445 for the purposes covered by the hearings.

Section 2. Levy of Annual Tax. For the purpose of providing funds to pay the principal and interest as required under Chapter 76.2, there is levied for each future year the following direct annual tax upon all the taxable property in Woodbury County, State of Iowa, to wit:

Principal and interest coming due at any time when the proceeds of the tax on hand are insufficient to pay the amount due shall be promptly paid when due from current funds available for that purpose, and reimbursement must be made.

Section 3. Amendment of Levy of Annual Tax. Based upon the terms of the future sale of the Notes to be issued, this Board will file an amendment to this Resolution ("Amended Resolution") with the County Auditor.

Section 4. Filing. A certified copy of this Resolution shall be filed with the County Auditor of County of Woodbury, State of Iowa, who shall, pursuant to Iowa Code Section 76.2, levy, assess, and collect the tax in the same manner as other taxes and, when collected, these taxes shall be used only for the purpose of paying principal and interest on the Notes.

PASSED AND APPROVED this 24th day of February, 2026.

Mark Nelson, Chairperson

Attest:
Michelle K. Skaff, County Auditor

CERTIFICATE

STATE OF IOWA
COUNTY OF WOODBURY

I, the undersigned County Auditor of Woodbury County, State of Iowa, do hereby certify that attached is a true and complete copy of the portion of the records of the County showing proceedings of the Board, and the same is a true and complete copy of the action taken by the Board with respect to the matter at the meeting held on the date indicated in the attachment, which proceedings remain in full force and effect, and have not been amended or rescinded in any way; that meeting and all action thereat was duly and publicly held in accordance with a notice of meeting and tentative agenda, a copy of which was timely served on each member of the Board and posted on a bulletin board or other prominent place easily accessible to the public and clearly designated for that purpose at the principal office of the Board pursuant to the local rules ofthe Board and the provisions of Chapter 21, Code of Iowa, upon reasonable advance notice to the public and media at least twenty-four hours prior to the commencement of the meeting as required by law and with members of the public present in attendance; I further certify that the individuals named therein were on the date thereof duly and lawfully possessed of their respective County offices as indicated therein, that no Board vacancy existed except as may be stated in the proceedings, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the County or the right of the individuals named therein as officers to their respective positions.

WITNESS my hand and the seal of the Board hereto affixed this 3rd day of March, 2026.

Michelle K. Skaff
County Auditor, Woodbury County, State of Iowa

COUNTY AUDITOR'S CERTIFICATE

I, Michelle Skaff County Auditor of Woodbury County, State of Iowa, hereby certify that on the 26th day of February, 2026 there was filed in my office the Resolution of the Board of Supervisors of Woodbury County, State of lowa, adopted on the 24th day of February, 2026, the Resolution authorizing execution of a Loan Agreement and authorizing the issuance of $1,200,000 of General Obligation Capital Loan Notes, Series 2026A, and levying a tax therefor.

Michelle K. Skaff
County Auditor of Woodbury County, State of Iowa