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<br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of Lakewood, Ohio: <br />As fiscal officer of the City of Lakewood, I certify in connection with your <br />proposed issue of $1,590,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the municipal sanitary sewer system by relining <br />and reconstructing sanitary sewers, providing for the separation of storm and sanitary sewers and <br />improving the wastewater treatment plant, together with necessary appurtenances and work <br />incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of the improvements is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is forty years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance <br />of the original issue of notes, the period in excess of those five years shall be deducted from that <br />maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: March 21, 1994 G~iY~" ~ F~C"~~ <br />Director of Finance <br />City of Lakewood, Ohio <br />D03~[00523 DOCS.LAK04148]FOC SAN SEWER..RENEWAL <br />