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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />1991 MOTORIZED EQUIPMENT BOND ANTICIPATION NOTES - 1993 RENEWAL <br /> <br />Lakewood, Ohio <br />September 7, 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 ./ind in the ordinance <br />authorizing the bonds and notes hereinafter referred to, hereby certifies in <br />connection with your proposed issue of bonds and notes in anticipation thereof <br />in the principal amount of $426,'000 for the purpose of purch./ising motorized <br />equipment, and appurtenances thereto for various departments of the City, as <br />follows: <br /> <br />1. That the estimated life of the equipment to be acquired from <br />the proceeds of such issue is hereby certified to be at least five (5) years. <br /> <br />2. That the maximwn maturity of the bonds authorized to be issued <br />for such improvements, C./ilculated in accordance with Section 133.20, Ohio Revised <br />Code, is five (5) years, provided th./it if notes in anticip./ition of those bonds <br />are outstanding later than the last d./iY of December of the fifth,ye./ir following <br />the ye./ir of issuance of the original notes, the period thereof in excess of five <br />years must be deducted from the m./iximwn maturity of those bonds. <br /> <br />3. That the maximwn maturity óf notes issued in anticipation of <br />said bonds is ten (10) years from the d./ite of the notes originally issued for <br />such purpose. <br /> <br />~ <br /> <br />Fisc"-l Officer <br />City of Lakewood, Ohio <br /> <br />l34\14282AXA.81B <br />