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FISCAL OFFICER'S CERTIFICATE <br /> <br />Lakewood, Ohio <br /> <br />· 1981 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br /> The undersigned, Director of Finance of the City of Lakewood, Ohio, <br />as the fiscal officer thereof, as defined by Ohio Revised Code, Section <br />133.01, hereby certifies in connection with your proposed issue of bonds and <br />notes for the purpose of paying costs of remodeling the City's police station <br />and acquiring equipment for a fire and police communications center to be <br />installed therein, as follows: <br /> <br /> 1. That the estimated life of the property and improvements to <br />be acquired from the proceeds of such bonds is hereby certified to be at <br />least five years. <br /> <br /> 2. The maximum maturity of such bonds~to be issued for such pur- <br />pose, calculated in accordance with the provisions of Ohio Revised Code, <br />Section 133.20, and the weighted average of the amounts proposed to be ex- <br />pended for said several classes of improvements, is as follows: <br /> <br /> a. $188,784 for remodeling the City's police station - 25 years, <br /> being also my estimate of the life usefulness of <br /> such improvement. <br /> <br /> b. $ 96,216 for acquiring equipment'for a fire and police communi- <br /> cations center to be installed therein - 10 years, <br /> being also my estimate of the lif~ usefulness of such <br /> equipment. <br /> <br /> c. The weighted average of the amounts proposed to be expended <br /> for said several classes is 19 years. <br /> <br /> Should you authorize a single bond issue for all said classes, <br />the maximum maturity of said bonds could not exceed such weighted average <br />of 19 years, provided that if notes in anticipation of such bonds are outstanding <br />for a period in excess of five years from the date of the original issue, <br />the period thereof in excess of five years shall be deducted from such <br />maximum maturity of said bonds. <br /> <br /> 3. The maximum maturity of notes issued in anticipation of such <br />bonds is eight years, provided that if such notes are sold at private sale <br />then their maximum maturity is one year. <br /> <br />Ail of which is respectfully submitted. <br /> <br /> Director of Finance <br />City of Lakewood, Ohio <br /> <br /> <br />