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FISCAL OFFICER'S CERTIFICATE <br /> <br />$100,000 SIDEWALK IMPROVEMENT <br />BOND ANTICIPATION NOTES. <br /> <br />Lakewood, Ohio <br />January 18, 2000 <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 133.01 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 amount of $100,000 for the <br />purpose of improving sidewalks within the City, as follows: <br /> <br /> 1. That the estimated life or period of each class of the improvements to be <br />constructed and acquired from the proceeds of such bonds is 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 twenty (20) <br />years, provided that if notes in anticipation of such bonds are outstanding later than the last day <br />of December of the fifuh year following the year of issuance of the original issue of notes, the <br />period in excess of those five years shall be deducted from that maximum maturity of such <br />bonds. <br /> <br /> 3. That the maximum maturity of notes issued in anticipation of said bonds is <br />twenty (20) years from the date of the notes originally issued for such purpose. <br /> <br />City of Lakewood, Ohio <br /> <br />{ PLD0449.DOC; 1 } <br /> <br /> <br />