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FISCAL OFFICER'S CERTIFICATE <br /> <br />$1,000,000 WATER LINE 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 />authorizin§ the bonds and notes in anticipation ~:hereof 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 $1,000,000 for the purpose of <br />making improvements to, and acquiring certain machinery and equipment for 'the <br />City's water system and any ancillary systems thereto, 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 fmprovements, calculated in accordance with Section 133.20, Ohio Revised <br />Code, is forty (40) years, provided that if n°tes 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 maximummaturity 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 />Fi~scal Officer <br />City of Lakewood, Ohio <br /> <br />134\14282ATA. 81B <br /> <br /> <br />