39-81 Property owners portion - improve streets BAN

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OFFICERS CERTIFICATE . FISCAL 1981 Ohio 1982 1982 Renewal Lakewood, June 7, Street Improvement Notes OHIO The undersigned, Director of Finance of the City of Lakewood, Ohio, as fiscal officer thereof, as defined by Section 133.01, Ohio Revised Code, hereby certifies in connection with your proposed issue of bonds and notes in anticipation thereof in the principal amount of $280,000 for the purpose of paying the property owners' portion, in anticipation of the collection of special assessments, and the City's portion of the cost of improving Athens Avenue and certain other streets between certain termini designated in Ordinance No. 39-81, passed May 4, 1981, by the necessary grading and replacement of the base, resurfacing With ashaltic concrete including the necessary replacement and resetting of castings together with the necessary appurtenances thereto, as follows COUNCIL OF THE CITY OF LAKEWOOD, TO THE 1 That the estimated life of the improvements to be constructed from the proceeds of such bonds is hereby certified to be at least five (5) years for in excess of period thereof maximum maturity 2 That the maximum maturity of such bonds to be issued such purpose, calculated in accordance with the provisions of Section 133.20, Ohio Revised Code, is five (5) years, being also my estimate of the life usefulness of such improvements, provided that if notes in anticipation of such bonds are outstanding for a period five (5) years from the date of the original issue, the in excess of five (5) years shall be deducted from such of said bonds maximum maturity of notes issued in anticipation of (8) years, provided that if such notes are sold at their maximum maturity is one (1) year. The eight then 3. such bonds is private sale, All of which is respectfully submitted, Director of Finance City of Lakewood, Ohio