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FISCAL OFFICER'S CERTIFICATE <br /> <br />Waterford Breakwall Bond Anticipation Notes - 1983 Renewal <br /> <br />Lakewood, Ohio <br /> May 2, 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 />$165,000 for the purpose of paying the property owners' portion, in <br />anticipation of the levy and collection of special assessments, of the <br />cost of improving the municipal easement described in Resolution No. 5674 <br />adopted April 5, 1982, by constructing thereon a concrete breakwall with <br />concrete modules, fill and end return, as follows: <br /> <br /> 1. That the estimated life of the improvements to be <br />constructed 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 <br />for such purpose, calculated in accordance with the provisions of <br />Section 133.20, Ohio Revised Code, is ten (10) years, being also <br />my estimate of 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 <br />maximum maturity is one (1) year. <br /> <br />All of which is respectfully submitted, <br /> <br />Director of Finance <br />City of Lakewood, Ohio <br /> <br /> <br />