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FISCAL OFFICER'S CERTIFICATE <br /> <br />$400,000 LAKE HOUSE BREAKWALL BOND ANTIGIPATION NOTES - 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 $400,000 for the purpose of <br />paying the property owners' portion, in anticipation of the levy and collection <br />of special assessments, of the cost of improving an approximately twenty (20) <br />foot wide easement with its northern boundary located approximately twenty (20) <br />feet north of the currently existing southerly shore of Lake Erie in an area now <br />submerged lands but formerly a part of the lots on the northerly side of <br />Edgewater Drive from the easterly line of property now or formerly owned by the <br />Unit Owners of the Lake House Condominium as tenants in common, and assigned as <br />its address 11850 E~-~-~'~--~'r~7--~Sterly approximately 330 feet to the <br />westerly line of said property, as set forth in Resolution No. 6637-91 passed on <br />September 16, 1991, by constructing thereon a breakwall with concrete modules, <br />fill and end return as follows: <br /> <br /> 1. That the estimated life of the improvement 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 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, such being my estimate of the useful life <br />of such improvements, but because the special assessments will be payable over <br />a period of twenty (20) years, and the bonds are to be issued in the anticipation <br />of the collection ofthose special assessments, the maximum maturity of the bonds <br />is twenty (20) 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, 1997. <br /> <br />F{s~al Officer <br />City of Lakewood, Ohio <br /> <br />134~14282AFA.81B <br /> <br /> <br />