61-94 BAN Construct fire station $1,500,000

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FISCAL OFFICER'S CERTIFICATE To the Council of the City of Lakewood, Ohio: As fiscal officer of the City of Lakewood, and supplementing my certificate of Apri15, 1993, I certify in connection with your proposed issue of $1,500,000 notes (the Notes), to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of constructing a fire station and furnishing and equipping fire stations and improving the usefulness of their sites, that: 1. The estimated life or period of usefulness of each class of the improvements described above is at least five years. 2. The estimated maximum maturity of the Bonds, calculated in accordance with Section 133.20 of the Revised Code, is twenty-three years. That maximum maturity is based on my calculation of the average number of years of life or period of usefulness of the improvements as measured by the weighted average of the amounts proposed to be expended for the several classes of improvements as follows: $1,300,000 for constructing a fire station, twenty-five years, and $200,000 for furnishing and equipping fire stations and improving their sites, ten years; the weighted average is therefore twenty-three years. If notes in anticipation of the Bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of those five years shall be deducted from that maximum maturity of the Bonds. 3. The maximum maturity of the Notes is May 25, 2013. Dated: March 21, 1994 ~ D~f Finance City of Lakewood, Ohio D03:[00523.DOCS LAK04148]FOC_Fll2E_STATION.RENEWAL