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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, and supplementing and amending my <br />certificate of Apri15, 1993, I certify in connection with your proposed. issue of $120,000 notes <br />(the Notes), to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of <br />installing traffic signalization devices (the improvement), that: <br />1. The estimated life or period of usefulness of the improvement 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 fifteen years, being my estimate of the life or period of <br />usefulness of that improvement. 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 May 25, 2013. <br />Dated: March 21, 1994 ~~~~~ <br />Director of Finance <br />City of Lakewood, Ohio <br />D03 ~ [00523.DOCS.LAK04148]FOC_TRAFFIC_SIGNAL.RENEWAL <br />