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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 $1,000,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the municipal waterworks system by <br />reconstructing water mains and water service connections, together with the necessary <br />appurtenances and work 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 May 25, 2013. <br />Dated: March 21, 1994 ~'i~- <br />Director of Finance <br />City of Lakewood, Ohio <br />D03~[00523,DOCS. LAK04148]FOC_WATER.RENEWAL <br />