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FISCAL OFFICER'S CERTIFICATE <br /> <br />1981 Breakwall Bond Anticipation Notes - 1982 Renewal <br /> <br />Lakewood, Ohio <br /> July 6, 1982. <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <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 of <br />bonds and notes in anticipation thereof in the principal amount of <br /> ! <br />$200,000 for the purpose of paying the property owners portion, in an- <br />ticipation of the levy and collection of special assessments, of the <br />cost of improving the municipal easement described in Resolution No. <br />5577 adopted June 15, 1981, by constructing therein a concrete modular <br />breakwall and shore return at each termination of the breakwall, to- <br />gether with necessary appurtenanceS thereto, as follows: <br /> 1. That the estimated life of the improvements to be con- <br /> structed from the proceeds of such bonds is hereby certified to be at <br /> least five (5) years. <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 ten (10) years, being also my estimate of <br /> the life usefulness of such improvements. <br /> 3. The maximum maturity of notes issued in anticipation of <br /> such bonds is five (5) years from the date of issuance of the original <br /> notes, July 28, 1981, provided that if such notes are sold at private <br /> sale, then their maximum maturity is one (1) year. <br /> Ail of which is respectfully submitted, <br /> <br />Director of Finance <br />City of Lakewood, Ohio <br /> <br /> <br />