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i <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 $1,521,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of acquiring motorized equipment and necessary <br />appurtenances thereto for various departments of the City (the equipment), that: <br />1. The estimated life or period of usefulness of the equipment 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 five years, being my estimate of the life or period of <br />usefulness of that equipment. If notes in anticipation of the Bonds are outstanding later than the <br />last day of December of the fifth year following the year of issuance of the original issue of <br />notes, the period in excess of those five years shall be deducted from that maximum maturity <br />of the Bonds. <br />3. The maximum maturity of the Notes is May 2, 2001. <br />Dated: March 21, 1994 (~a~'~ <br />jj Director of Finance <br />City of Lakewood, Ohio <br />D03~[00523.DOCS.LAK04148]FOC EQUIP.RENEWAL <br />