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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$120,000 TRAFFIC SIGNALS BOND <br />ANTICIPATION NOTES <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 />authori~ing 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 $120,000 for the purpose of <br />installing of traffic signali~ation devices, as follows: <br /> <br />1. That the estimated life of the equipment acquired 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 the bonds authorized to be issued <br />for such improvements, calculated in accordance with Section 133.20, Ohio Revised <br />Code, is twenty (20) years, provided that if notes in anticipation of those bonds <br />are outstanding later than the last day of December of the fifth year following <br />the year of issuance of the original notes, the period thereof in exceSs of five <br />years must be deducted from the maximum maturity of those bonds. <br /> <br />3. That the maximum maturity of notes issued in anticipation of <br />sàid bonds is twenty (20) years from the date of the notes originally issued for <br />such purpose. <br /> <br />~ <br /> <br />flscal Officer <br />City of Lakewood, Ohio <br /> <br />134\14282ARA.81B <br />