12-93 Street Improvement Bonds $900,000

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FISCAL OFFICER'S CERTIFICATE $900,000 STREET IMPROVEMF/Fr BOND ANTICIPATION NOTES, SERIES 1991B - 1993 RENEWAL Lakewood, Ohio April 5, 1993 TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the "City"), as defined by Revised Code Section 133.01, and in the ordinance authorizing the bonds and notes in anticipation thereof hereinafter referred to, hereby certifies in connection with your proposed issue of bonds and notes in anticipation thereof in the principal amount of $900,000 for the purpose of paying the property owners' portion, in anticipation of the levy and collection of special assessments ($240,000), and the City's portion ($660,000) of the.cost of improving certain streets in the City of Lakewood, Ohio by removal, where necessary, of the existing surface course, by grading and replacement, where necessary, of the base, and by resurfacing with asphaltic concrete, including the necessary replacement and resetting of castings together with the necessary appurtenances thereto, and installation of traffic signalization devices, as follows: 1. That the estimated life of the improvements constructed from the proceeds of such issue is hereby certified to be at least five (5) years. 2. That. the maximum maturity of the bonds authorized to be issued for such improvements, calculatedin accordance with Section 133.20, Ohio Revised Code, is at least twenty (20) years but because the special assessments will be payable over a period of five (5) years, and the bonds are to be issued in the anticipation of the collection of those special assessments, the maximum maturity. of the bonds is five (5) years. 3. That the maximum maturity of notes issued in anticipation of said bonds is the last day of the fifth year following the year in which the original notes were issued for the improvements, to wit, December 31, 1996. F~s~al Officer City of Lakewood, Ohio 134\14282AIA. 81B