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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 $435,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of constructing, reconstructing and repairing concrete <br />sidewalks on certain designated streets and any necessary appurtenances thereto (the <br />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 twenty years, being my estimate of the life or period of <br />usefulness of the improvements. If notes in anticipation of the Bonds are outstanding later than <br />the 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 June 26, 2011. <br />Dated: March 21, 1994 pC/~w (1%~----._._ <br />7 Director of Finance <br />City of Lakewood, Ohio <br />D03 j00523 DOCS.LAK04148]FOC SIDEWALK..RENEWAL <br />