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FISCAL OFFICER'S CERTIFICATE <br /> <br />Lakewood, Ohio <br />September 21, 1981 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br /> The undersigned, Director of Finance of the City of Lakewood, <br />Ohio, as fiscal officer thereof, as defined by Section 133.01, Ohio <br />Revised Code, hereby certifies in connection with your proposed issue <br />of bonds and notes in anticipation thereof in the principal amount of <br />$25,000 for the purpose of improving an easement in the City of Lake- <br />wood by constructing therein a concrete modular breakwall and shore <br />return at each termination of the breakwall together with necessary ap- <br />purtenances thereto, as follows: <br /> <br /> 1. That the estimated life of the property and improvements <br />described in Resolution No. to be acquired from the proceeds of <br />such bonds is hereby certified to be at least five (5) years. <br /> <br /> 2. That the maximum maturity of such bonds to be issued for <br />such purpose, calculated in accordance with the provisions of Section <br />133.20, Ohio Revised Code, is twenty-five (25) years, being also my <br />estimate of the life usefulness of such improvements, provided that <br />such maturity may not exceed the period for which assessments are <br />to be levied for said improvement, to wit: ten (10) years. <br /> <br /> 3. The maximum maturity of notes issued in anticipation ~of <br />such bonds is five (5) years, provided that if such notes are sold at <br />private sale, then their maximum maturity is one (1) year. <br /> <br />Ail of which is respectfully submitted. <br /> <br />Director of Finance <br />City of Lakewood, Ohio <br /> <br /> <br />