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FISCAL OFFICER'S CERTIFICATE <br /> <br />$644,000 1994 MOTORIZED EQUIPMENT BOND <br />ANTICIPATION NOTES - 1999 RENEWAL <br /> <br />Lakewood, Ohio <br />January 19, 1999 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br /> The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the "City"), as <br />defined by Revised Code Section 133.0I, and in the ordinance authorizing the bonds and notes in <br />anticipation thereof hereinafter referred to, hereby certifies in connection with your proposed <br />issue of bonds and notes in anticipation thereof in the principal mount of $644,000 for the <br />purpose of acquiring motor vehicles and related equipment for use in carrying out functions of <br />various departments of the City, as follows: <br /> <br /> 1. That the estimated life or period of usefulness of the vehicles and <br />equipment is hereby certified to be at least five (5) years. <br /> <br /> 2. That the maximum maturity of the bonds authorized to be issued for such <br />improvements, calculated in accordance with Section 133.20, Ohio Revised Code, is five (5) <br />years, provided that if notes in anticipation of those bonds are outstanding later than the last day <br />of December of the fifth year following the year of issuance of the original notes, the period <br />thereof in excess of five years must be deducted from the maximum maturity oft. hose bonds. <br /> <br /> 3. That the maximum maturity of notes issued in anticipation of said bonds is <br />ten (I 0) years from the date of the notes originally issued for such purpose. <br /> <br />I H:x FENI X', t 4282\KLF0309. DOC 1 } <br /> <br /> <br />