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FISCAL OFFICER'S CERTIFICATE <br /> <br />$300,000 BUILDING IMPROVEMENT <br />BOND 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 />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 $300,000 for the purpose of <br />renovating existing buildings used for utility and other municipal purposes, as <br />follows: <br /> <br /> 1. That the estimated life of the improvements to be constructed <br />from the proceeds of such issue is hereby certified to be at least five (5) <br />years. <br /> <br /> 2. That the maxtmum 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-five (25) years, such being my estimate of the useful life of <br />such improvements. <br /> <br /> 3. That the maximum maturity of notes issued in anticipation of <br />said bonds is twenty (20) years from the date of the notes originally issued for <br />such purpose. <br /> <br />FiScal Officer <br />City of Lakewood, Ohio <br /> <br />134\14282APA. 81B <br /> <br /> <br />