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FISCAL OFFICER'S CERTIFICATE <br /> <br />Waterford Breakwall Bond Anticipation Notes <br /> <br />Lakewood, Ohio <br /> July 6, 1982 <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 of <br />bonds and notes in anticipation thereof in the principal amount of <br />$165,000 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 />5674 adopted April 15, 1982, by constructing thereon a concrete break- <br />wall with concrete modules, fill and end return, as follows: <br /> <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 /> <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 /> <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 notes, <br />provided that if such notes are sold at private sale, then their maximum <br />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 />