NOTICE OF MEETING FOR APPROVAL OF DEVELOPMENT AGREEMENT WITH FORTRESS BANK AND AUTHORIZATION OF ANNUAL APPROPRIATE TAX INCREMENT PAYMENTS

NOTICE OF MEETING FOR APPROVAL OF DEVELOPMENT AGREEMENT WITH FORTRESS BANK AND AUTHORIZATION OF ANNUAL APPROPRIATE TAX INCREMENT PAYMENTS The City Council of the City of Clive, Iowa, will meet at the Clive City Hall Council Chambers, Clive, Iowa, on December 11, 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 Fortress Bank (the "Company") in connection with the construction by the Company of a new Class A office building 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 $667,452.00 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 November 24 2025 LIOW0408833