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FISCAL OFFICER'S CERTIFICATE <br /> Olive Sewer Notes <br /> <br />Lakewood, Ohio <br />April 18, 1983 <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 />$400,000 for the purpose of constructing a combined sewer, together with <br />manholes, catch basins and other necessary appurtenances thereto, in <br />Olive Avenue, as follows: <br /> <br /> 1. That the estimated life of the property and improvements <br />to be acquired from the proceeds of such bonds is hereby certified to <br />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 forty (40) years, being also my estimate <br />of the life usefulness of such improvements, provided that if notes in <br />anticipation of such bonds will be outstanding for a period in excess <br />of five (5) years from the date of the original issue, the period there- <br />of in excess of five (5) years shall be deducted from such maximum matur- <br />ity of said bonds. <br /> <br /> 3. The maximum maturity of notes issued in anticipation of <br />such bonds is ten (10) 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 />