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FISCAL OFFICER'S CERTIFICATE <br /> <br /> $285,000 SIDEWALK IMPROVEMENTBOND <br />ANTICIPATION NOTES, SERIES 1991B - 1993 RENEWAL <br /> <br />Lakewood, Ohio <br />April 5, 1993 <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 defined by Revised Code Section 133.01, and in the ordinance <br />authorizing the bonds and notes in anticipation thereof hereinafter referred to, <br />hereby certifies in connection with your proposed issue of bonds and notes in <br />anticipation thereof in the principal amount of $285,000 for the purpose of <br />paying the property owners' portion, in anticipation of the levy and collection <br />of special assessments ($70,000), and the City's portion ($215,000) of the cost <br />of reconstructing and repairing certain concrete sidewalks in the City of <br />Lakewood, Ohio, as follows: <br /> <br /> 1. That the estimated life of the improvements constructed from <br />the proceeds of such issue is hereby certified to be at least five (5) years. <br /> <br /> 2. That the maximum maturity of the bonds authorized to be issued <br />for such improvements, calculated in accordance with Section 133.20, Ohio Revised <br />Code, is at least twenty (20) years but because the special assessments will be <br />payable over a period of five (5) years, and the bonds are to be issued in the <br />anticipation of the collection of those special assessments, the maximum maturity <br />of the bonds is five (5) years. <br /> <br /> 3. That the maximum maturity of notes issued in anticipation of <br />said bonds is the last day of the fifth year following the year in which the <br />original notes were issued for the improvements, to wit, December 31, 1996. <br /> <br />City of Lakewood, Ohio <br /> <br />134~14282AJA. 81B <br /> <br /> <br />