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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$960,000 FOSTER POOL BONDS <br /> <br />Lakewood, Ohio <br />May 4, 1992 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br />The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the <br />"City"), as dßfined by Revised Code Section 133.01 and in the ordinance <br />authorizing the bonds hereinafter referred to, hereby cßrtifies in connection <br />with your ~roposed issue of bonds in the principal amount of $960,000 for the <br />purpose óf paying the costs ot improving swimming pool facilities at Fostßr Pool <br />by rehabilitating and equipping the existing bath house, replacing the pool <br />drainage system, poól decking, wading pool and filtration system and improving <br />the site thßreof: <br /> <br />1. That the estimated life of the improvements to bß constructed and <br />acquired from the proceeds of said issue is hereby certified to bß at least five <br />(5) years. <br /> <br />2. Tha1: the maximum maturity of such bonds calculated in accordance <br />wi th the provisions of Section 133.20 of the. Revised Code of Ohio, and the <br />weighted average of the amounts proposßd to be expendßd for said several classes <br />of improvements is as follows: <br /> <br />a <br /> <br />$706,560 <br /> <br />for rehabilitating the existing bath house <br />and replacing the pool drainage system, <br />pool decking and wading pool, tWßnty-fivß <br />(25) years, being my estimate of the useful <br />life of such improvements; <br /> <br />b. <br /> <br />$253,440 <br /> <br />for equipping the <br />rßp1acing the pool <br />improving the pool <br />being my ßstimate <br />such improvements; <br /> <br />existing bath house, <br />filtration systßm and <br />site, ten (10) years <br />of the useful life of <br /> <br />c. The weighted average of the amounts proposed to be expended <br />for said several classes in tWßnty-one (21) years. <br /> <br />Should you authorize a single bond issue for all of said classes, the <br />maximum maturity of said bonds could not exceed such weighted average of twenty- <br />one (21) years, provided that if notes in anticipation of such bonds are <br />outstanding later than the last day of December of the fifth year following the <br />year of issuance of the original notes, the period thereof in excess of five (5) <br />years shall be dßducted from the latest permitted maturit 0 <br /> <br /> <br />Fisca cer <br />City of Lakewood, <br /> <br />39\14282BYA,81B <br />