NOTICE OF MEETING FOR APPROVAL OF DEVELOPMENT AGREEMENT WITH DEHNER DISTILLERY, LLC AND AUTHORIZATION OF ANNUAL APPROPRIATION TAX INCREMENT PAYMENTS

NOTICE OF MEETING FOR APPROVAL OF DEVELOPMENT AGREEMENT WITH DEHNER DISTILLERY, LLC AND AUTHORIZATION OF ANNUAL APPROPRIATION TAX INCREMENT PAYMENTS The City Council of the City of Clive, Iowa, will meet at the Clive City Hall Council Chambers, on October 9, 2025, at 6:00 p.m., at which time and place proceedings will be instituted and action taken to approve a Development Agreement between the City and Dehner Distillery, LLC (the "Company") in connection with the construction by the Company of a new distillery and related facilities in the Clive Urban Renewal Area, which Agreement provides for certain financial incentives in the form of annual appropriation incremental property tax payments in an amount not to exceed $585,573 under the authority of Section 403.9(1) of the Code of Iowa. The commitment of the City to make annual appropriation incremental property tax payments to the Company under the Development Agreement will not be a general obligation of the City, but such payments will be payable solely and only from incremental property tax revenues generated within the Clive Urban Renewal Area. Payments under the Development Agreement will be subject to annual appropriation by the City Council. At the meeting, the City Council will receive oral or written objections from any resident or property owner of the City. Thereafter, the City Council may, at the meeting or at an adjournment thereof, take additional action to approve the Development Agreement or may abandon the proposal. This notice is given by order of the City Council of Clive, Iowa, in accordance with Section 403.9 of the Code of Iowa. Matthew Graham City Clerk September 26 2025 LIOW0376800