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HomeMy WebLinkAboutA023 - General Obligation Corporate Purpose Bonds, Series 2023D, Bond Date November 9, 2023 UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No. 1 $1,130,000 RATE MATURITY DATE BOND DATE CUSiP 5.00% June 1,2024 November 9,2023 030807 3U3 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of ONE MILLION ONE HUNDRED THIRTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or fi-om the most recent interest payment date on which interest has been paid,on June 1 and December I of each year,commencing June 1,2024, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. interest on this Bond is payable to the registered owner 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 owner at the address shown on such registration books. interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(tile"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stonnwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d) undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa, 2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terns of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed,the particular pail of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal arnount of any Bond in a denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the umedeermed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available, such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to beat,interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, [he City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA Mayor ArU� cityTicto Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in[lie within-mentioned Resolution. CITY TREASURER Ames,Iowa Itegisuar By i Treasurer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN - as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF iOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.2 $765,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2025 November 9,2023 030807 3 V I The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of SEVEN HUNDRED SiXTY-FIVE THOUSAND DOLLARS in lawful money of the United Slates of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Registrar'or the"Paying Agent"),with interest on said sum,until paid,at the rate per:mnum specified above,from the date of this Bond,or from the must recent interest payment date on which interest has been paid,on June I and December I of each year,commencing June I,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner 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 owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Build is one ol'a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stornwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and(d)undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds arc issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. 91te City reserves the right to optionally prepay pail or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be redeemed, the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. if less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$500. If less than the entire principal amount of any Bond in a denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the unredccmed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date_ Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cause to bear interest on the redemption date. This Bond is frilly negotiable but shall be fully registered as to both principal and interest in the name of the owner on the hooks of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or tlae assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and pe•fonned in regular and due fOMI and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within tine City for the payment of the principal of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authotized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA By Mom Altos. . City Icrk Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By t Trwsurcr ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must con•espond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF iOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.3 $815,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2026 November 9,2023 030807 3W9 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of EIGHT HUNDRED FiFTEEN THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter refered to as the"Registrat"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,fi-om the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June 1 and December 1 of each year,commencing June I,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. interest on this Bond is payable to the registered owner appealing 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 owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds')issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, storrnwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and(d)undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa, 2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the sour,re of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031, or on any date thereafter upon terns of par and accrued interest. if less than all of the Bonds of any like maturity are to be redeemed, the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. if less than all of tlrr Itonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by.lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic meatus or mailed by certified mail to the registered owners thct'cof at the addresses shown on die City's registration books not less titan 30 days prior to such redemption date. Any notice of redemption may contain it statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City far the payment of rile principal of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY O�jFAMES,IOWA By \layor At City ctk Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By Ci y rtasurer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN - as joint tenants with right of survivorship As Custodian for and not as tenants in cornmon (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type narne and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program) NOTICE: The signature to this Assignment trust correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.4 5850,000 RATE MATURITY DATE BOND DATE CUSiP 5.00% June 1,2027 November 9,2023 030807 3X7 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity dale of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of EIGHT HUNDRED FIFTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames, Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,front the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June I and December 1 of each year,commencing June I,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hcrtlo. interest on this Bond is payable to the registered owner 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 owner at the address shown on such registration books. interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds')issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City For the purpose of paying the cost,to that extent,of (a) constructing street, alley, stonnwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d) undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement Ira•a moree complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terns of par rnd accrued interest. if less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by.lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than 55,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof', upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by cerlifred mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available, such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to beat-interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assigrunent form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the spine will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA Alta,. ,P/iC.LL earl .lrrk Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar /f By K/ City l reasurci ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT - as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minus 1 under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attomey, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee progiam.) NOTICE: The signature to this Assignment must con•espond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.5 $895,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2028 November 9,2023 030807 3Y5 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of EiGHT HUNDRED NINETY-FIVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter refcrrcd to as the"Registrar''or the"Paying Agent"),with interest on said sum,until paid,at the rate per anmmm specified above,from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June i and December I of each year,commencing June 1,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the regislet'ed owner 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 owner at the address shown on such registration books. interest shall be calculated on the basis of a 360-day year comprised of twelve 30-&rty months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of it series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement").entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing sweet, alley, stormwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities;and(d)undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all ether laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby trade to the Resolution and the Loan Agreement for it more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves Tile right to optionally prepay pail or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be redeemed, the particular part of those Bonds to be redecmed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. if less than all of the Bonds of any like maturity arc to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of morc than$5,000 is to be redeemed, the Rcgistrar will issue and deliver to the registered owner theivof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions slid things required by tlhe laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due;and that the total indebtedness of tile City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA Bib _ Mq'nr Att. City Clerk Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Reglsuar By it TICS-rer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment trust correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.6 $940,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2029 November 9,2023 030807 3Z2 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of NINE HUNDRED FORTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and sun-ender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June l and December I of each year,commencing June 1,2024,except as the provisions hereinalter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner 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 owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stormwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d) undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa.2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023.authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the lights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000, If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or morn units of S5,000. If less than the entire principal amount of any Bond in a•denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified trail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is filly negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recital that all acts,conditions and things required by the laws and Constitution of the State or Iowa,to exist,to he had, to be clone or to be performed precedent to and in the issue of this Bond were and have been property existent,had,done and performed in regular and due form and time;that provision has been trade for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the some will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES, IOWA Mayor zzzkv City Lark Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Arnes,Iowa Registrar_ /� By mil'(/// ►�/ ` City f rcasurer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for _ and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint _ Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guaiantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF iOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.7 5985,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2030 November 9,2023 030807 4A6 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of NINE HUNDRED EIGHTY-FIVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter refen-ed to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June I and December I of each year,commencing June 1,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner 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 owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This 13,�,Id is one of a scrirs ol'Genc al Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for tine purpose of paying the cost,to that extent,of (a) constructing street, alley, stormwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, sweet lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d)undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds arc issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. If less than all of the Bonds of any like matwity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. if less than all of the Bonds of any like maturity are to he redeemed,the particular pan of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, n new Bond or Bands, in any authorized denomination, in a total aggregate principal amount equal to the unredeemed balance of the original Bond, Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a stulcment that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds arc not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City rrservcs and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be Iblly registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to he done or to be perfornicd precedent to and in the issue of this Bond were and have been properly existent,had,done and perfonned in regular and due form and time;that provision has been trade for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City of Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA By Mayor Ana. chyLiory Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar 13y ity usurer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT - as tenants by the entireties (Custodian) JT TEN as joint tenants with tight of survivorship As Custodian for and not as tenants in common (M innrl under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No,8 $1,035,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2031 November 9,2023 030807 4B4 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of ONE MILLION THIRTY-FIVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and suncnder of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June i and December i of each year,commencing June I,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered Owner appealing on the registration hooks 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 owner at the address shown on such registration books. Interest shall be calculated on the basis of n 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stormwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signaliyation assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d)undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds arc issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(tile"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the r ight to optionally prepay pail or all of the principal of the Bonds manuring in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than all of the Bonds of any like maturity are to be redeemed,the particular pail or those Bonds to be redeemed shall he selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than 55,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond Or Bonds, in any authorized denomination, in a total aggregate principal amount equal to the Unnedeemed balance or the original Bond. Notice or such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the rcccipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if finds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to Ile had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been trade for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due;and that tine total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City ol'Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as df November 9,2023. CITY OF AMES,IOWA Mayor Atrae oily zierk, Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By__ rR City reasurer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent, Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program) NOTICE: The signahu•e to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF IOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No.9 S 1,090,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2032 November 9,2023 030807 4C2 The City of Ames(the"City'),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of ONE MILLION NiNETY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above, from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June I and December 1 of each year,commencing June 1,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner 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 owner at the address shown on such registration books. Interest shall be Calculated on the basis of a 360•day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stormwaler drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities;and(d) undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds an:issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023, and all other laws amendatory thereof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. if less than all of the Bonds of any like maturity are to be redeemed, the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than all of the Bonds of any like maturity are to be redeemed,the particular pail of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more;units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond, Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the hooks of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and time Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And it Is Hereby Ccniflcd and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due foram and time;that provision has been made for time levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City ol'Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023 CITY OF AMES,IOWA maym city imk Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By -- C ty reasuner ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN - as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please ptint or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed. (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever. UNITED STATES OF AMERICA STATE OF iOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No. 10 S 1,145,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June I,2033 November 9,2023 030807 4D0 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of ONE MiLLiON ONE HUNDRED FORTY-FIVE THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Arncs,Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the most recent intermit payment date on which interest his been paid,on June 1 and December I of each year,commencing June I,2024,except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. interest on this Bond is payable to the registered owner appearing on the registration books of the City at the close of business on the IiQeenth day of time month next preceding the intenwl payment date,and shall be paid to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-Jay months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(tile"Loan Agreement"),entered into by the City for the purpose of paying Ilse cost,to that extent,of (a) constructing street, alley, stormwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalizatiun assets; (c) renovating and equipping Municipal Park Maintenance Facilities;and (d)undertaking a pmjeet in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds arc issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all other laws amendatory thereof'and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023.authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(tile"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a snore complete statement as to the source of payment of the Bonds and the tights of the owners of the Bonds. The City reserves the tight to optionally prepay par or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed, the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. if less than the entire principal amount of any Bond in a denomination of more than 55,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof,upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination, in it total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be seat by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available,such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice at aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the hooks of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and theft only upon presentation of this Bond to the Registrar,Together with either a written instrument of transfer satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attomey for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by time laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due fonn and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; and that time total indebtedness of the City, including this Bond,does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City ol-Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA By Mayor AUu ee'' City aerk ---- Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar By_ reAA it- T0115asurcr ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT as tenants by the entireties - (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Unifbrm Transfers to Minors Act Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed. (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever UNITED STATES OF AMERICA STATE OF iOWA STORY COUNTY CITY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No. 11 $1,200,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June 1,2034 November 9,2023 030807 4E8 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity dale of this Bond to Cede&Co. New York,New Yoik or registered assigns,the principal sum of ONE MILLION TWO HUNDRED THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Registrar"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,firm the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June 1 and December I of each year,commencing June I,2024,except its the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the registered owner appearing on the registration books of the City at the close of busincss on the fifteenth day of the month next preceding the interest payment date,and shall be paid to the registered owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30•day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(tile"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stonnwater drainage, sanitary sewer, water system and sidewalk improvements; (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d)undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023, and all other laws amendatory thcteof and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby made to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. 'flue City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafler upon terns of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be rede tned shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of $5,000. If less than all of tine Bonds of any like maturity art to he redeemed,the particular pan of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000. If less than the entire principal amount of any Bond in a denomination of more than S5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination, in it total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electronic means or mailed by certified mail to the registered owners thereof at the addresses shown on the City's registration books not less than 30 days prior to such redemption date, Any notice of redemption may contain n statement that the redemption is conditioned upon the receipt by the Paying Agent of fiords on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption,and that if funds are not available, such redemption shall be cancelled by written notice to the owners of the Bonds called for rcdcmptinn in the same mariner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is filly negotiable but shall be fully registered as to both principal and interest in the name of the owner on the hooks of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of tmnsfcr satisfactory to the Registrar or the assignment form hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registrar and the Paying Agent shall not be affected by any notice to the contrary. And It is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable pmperty within the City for the payment of the principal of and interest on this Bond as file saint will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, the City ol•Ames, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA May. Altos ''I ' (�' i City .- Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames,Iowa Registrar ,J By i asurer• ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in cornmon UTMA TEN ENT as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act - - (State) Additional abbreviations may also be used though not in the list above. ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated: Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular, without alteration or enlargement or any change whatever. UNITED STATES OF AMERiCA STATE OF IOWA STORY COUNTY CiTY OF AMES GENERAL OBLIGATION CORPORATE PURPOSE BOND,SERIES 2023D No. 12 $1,260,000 RATE MATURITY DATE BOND DATE CUSIP 5.00% June I,2035 November 9,2023 030807 41`5 The City of Ames(the"City"),in Story County,State of Iowa,for value received,promises to pay on the maturity date of this Bond to Cede&Co. New York,New York or registered assigns,the principal sum of ONE MiLLION TWO HUNDRED SIXTY THOUSAND DOLLARS in lawful money of the United States of America upon presentation and surrender of this Bond at the office of the City Treasurer,Ames,Iowa,(hereinafter referred to as the"Register"or the"Paying Agent"),with interest on said sum,until paid,at the rate per annum specified above,from the date of this Bond,or from the most recent interest payment date on which interest has been paid,on June I and December I of retch year,commencing June 1,2024, except as the provisions hereinafter set forth with respect to redemption prior to maturity may be or become applicable hereto. Interest on this Bond is payable to the rcgisicred owner appearing on the registration books of lire 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 owner at the address shown on such registration books. Interest shall be calculated on the basis of a 360-day year comprised of twelve 30-day months. This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been signed by the Registrar. This Bond is one of a series of General Obligation Corporate Purpose Bonds,Series 2023D(the"Bonds")issued by the City to evidence its obligation under a certain loan agreement,dated as of November 9,2023(the"Loan Agreement"),entered into by the City for the purpose of paying the cost,to that extent,of (a) constructing street, alley, stormwater drainage, sanitary sewer, water system and sidewalk improvements-, (b) acquiring and installing street department equipment, traffic control devices and systems, street lighting, signage and signalization assets; (c) renovating and equipping Municipal Park Maintenance Facilities; and (d) undertaking a project in the Downtown Reinvestment District Urban Renewal Area consisting of constructing, furnishing and equipping an indoor aquatic center and associated grounds and facilities as further detailed in the urban renewal plan approved by the City Council on August 24,2021. The Bonds are issued pursuant to and in strict compliance with the provisions of Chapters 76 and 384 of the Code of Iowa,2023,and all other laws amendatory thereof'and supplemental thereto,and in conformity with a resolution of the City Council,adopted on October 24,2023,authorizing and approving the Loan Agreement and providing for the issuance and securing the payment of the Bonds(the"Resolution"),and reference is hereby[Wade to the Resolution and the Loan Agreement for a more complete statement as to the source of payment of the Bonds and the rights of the owners of the Bonds. The City reserves the right to optionally prepay part or all of the principal of the Bonds maturing in the years 2032 to 2035,inclusive,prior to and in any order of maturity on June 1,2031,or on any date thereafter upon terms of par and accrued interest. If less than all of the Bonds of any like maturity are to be redeemed,the particular pail of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in pail in one or more units of $5,000. If less than all of the Bonds of any like maturity are to be redeemed,the particular part of those Bonds to be redeemed shall be selected by the Registrar by lot. The Bonds may be called in part in one or more units of$5,000, If less than the entire principal amount of any Bond in a denomination of more than$5,000 is to be redeemed, the Registrar will issue and deliver to the registered owner thereof, upon surrender of such original Bond, a new Bond or Bonds, in any authorized denomination,in a total aggregate principal amount equal to the unredeemed balance of the original Bond. Notice of such redemption as aforesaid identifying the Bond or Bonds(or portion thereof)to be redeemed shall be sent by electvnic[Weans or mailed by certified mail to the registered owners tht -eof al the addresses shown on the City's registration books not less than 30 days prior to such redemption date. Any notice of redemption may contain a statement that the redemption is conditioned upon the receipt by the Paying Agent of funds on or before the date fixed for redemption sufficient to pay the redemption price of the Bonds so called for redemption, and that if funds are not available, such redemption shall be cancelled by written notice to the owners of the Bonds called for redemption in the same manner as the original redemption notice was sent. All of such Bonds as to which the City reserves and exercises the right of redemption and as to which notice as aforesaid shall have been given and for the redemption of which funds are duly provided,shall cease to bear interest on the redemption date. This Bond is fully negotiable but shall be fully registered as to both principal and interest in the name of the owner on the books of the City in the office of the Registrar,after which no transfer shall be valid unless made on said books and then only upon presentation of this Bond to the Registrar,together with either a written instrument of transfer satisfactory to the Registrar or the assignment forth hereon completed and duly executed by the registered owner or the duly authorized attorney for such registered owner. The City, the Registrar and the Paying Agent may deem and treat the registered owner hereof as the absolute owner for the purpose of receiving payment of or on account of principal hereof,premium,if any,and interest due hereon and for all other purposes,and the City,the Registar and the Paying Agent shall not be affected by any notice to the contrary. And It Is Hereby Certified and Recited that all acts,conditions and things required by the laws and Constitution of the State of Iowa,to exist,to be had, to be done or to be performed precedent to and in the issue of this Bond were and have been properly existent,had,done and performed in regular and due form and time;that provision has been made for the levy of a sufficient continuing annual tax on all the taxable property within the City for the payment of the principal of and interest on this Bond as the same will respectively become due; and that the total indebtedness of the City, including this Bond, does not exceed any constitutional or statutory limitations. IN TESTIMONY WHEREOF, (lie City of Aines, Iowa, by its City Council, has caused this Bond to be executed with the duly authorized facsimile signature of its Mayor and attested with the duly authorized facsimile signature of its City Clerk,as of November 9,2023. CITY OF AMES,IOWA By •� Mayor A4s. City Iclk Registration Date: November 9,2023 REGISTRAR'S CERTIFICATE OF AUTHENTICATION This Bond is one of the Bonds described in the within-mentioned Resolution. CITY TREASURER Ames, Iowa Registrar By —. . eCA- 1 y t(:7lSUrer ABBREVIATIONS The following abbreviations, when used in this Bond, shall be construed as though they were written out in full according to applicable laws or regulations: TEN COM as tenants in common UTMA TEN ENT - as tenants by the entireties (Custodian) JT TEN as joint tenants with right of survivorship As Custodian for and not as tenants in common (Minor) under Uniform Transfers to Minors Act Additional abbreviations may also be used though not in the list above. (State) ASSIGNMENT For valuable consideration,receipt of which is hereby acknowledged,the undersigned assigns this Bond to (Please print or type name and address of Assignee) PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE and does hereby irrevocably appoint Attorney, to transfer this Bond on the books kept for registration thereof with full power of substitution. Dated Signature guaranteed: (Signature guarantee must be provided in accordance with the prevailing standards and procedures of the Registrar and Transfer Agent. Such standards and procedures may require signatures to be guaranteed by certain eligible guarantor institutions that participate in a recognized signature guarantee program.) NOTICE: The signature to this Assignment must correspond with the name of the registered owner as it appears on this Bond in every particular,without alteration or enlargement or any change whatever.