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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 notes in a maximum aggregate principal amount of $85,000 notes (the Notes), <br />to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of improving <br />the City's recreational facilities by rehabilitating, renovating, equipping and otherwise improving <br />Foster Pool and its site (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is ten years, being my estimate of the life or period of <br />usefulness of each class of the hnprovements. 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 fifteen years. <br />Dated: September 6, 1994 i~`f~J ~"^~ <br />Director of Financ <br />City of Lakewood, Ohio <br />