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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />PARK IMPROVEMENT BOND ANTICIPATION NOTES - 1992 RENEWAL <br /> <br />Lakewood, Ohio <br />September 8, 1992 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br />The undersigned, Fiscal Officer of the City of Lakewood, Ohio, as <br />defined by Revised Code Section 133.01 and in the ordinance authorizing the bonds <br />and notes hereinafter referred to, hereby certifies in connection with your <br />proposed issue of bonds and notes in anticipation thereof in the principal amount <br />of $47,000 for the purpose of acquiring and improving real estate for a municipal <br />park, as follows: <br /> <br />1. That the estimated life of the improvements constructed from the <br />proceeds of such issue is hereby certified to be at least five (5) years. <br /> <br />2. That the maximum maturity of such bonds to be issued for such <br />purpose, calculated in accordance with the provisions of Section 133.20, Ohio <br />Revised Code, is at least ten (10) years, provided that if notes in anticipation <br />of such bonds will be outstanding later than the last day of December of the <br />fifth year following the year of issuance of the original notes, the period <br />thereof in excess of five (5) years shall be deducted from such maximum maturity <br />of said bonds. <br /> <br />3. That the maximum maturity of notes issued in anticipation of said <br />bonds is fifteen (15) years from the date of issuance of thè original notes <br />issued for such purpose. <br /> <br />Respectfully submitted, <br /> <br />~ <br /> <br />Ji>Íscal Officer <br />City of Lakewood, Ohio <br /> <br />39\14282DYA.8lB <br />