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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 $24,000 notes (the Notes), to be issued in anticipation of the issuance of bonds <br />(the Bonds) for the purpose of acquiring and improving real estate for a municipal park (the <br />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, would be at least ten years; however, since notes in <br />anticipation of the Bonds are outstanding later than the last day of December of the fifth year <br />following the year of issuance of the original issue of notes, and the period in excess of those <br />five years must be deducted from the maximum maturity of the Bonds, that estimated maximum <br />maturity is at least eight years. <br />3. The maximum maturity of the Notes is December 15, 2002. <br />Dated: July 5, 1994 r^~~~" <br />~ Director of Finance <br />City of Lakewood, Ohio <br />