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FISCAL OFFICER'S CERTIFICATE <br /> <br />$40,000 RECREATIONAL FACILITIES IMPROVEMENT <br />BOND ANTICIPATION NOTES - 2000B RENEWAL <br /> <br />Lakewood, Ohio <br />October 2, 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 133.0I, 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 $40,000 for the <br />purpose of improving the City's recreational facilities, as follows: <br /> <br /> 1. That the estimated life or period of usefulness of the improvements is <br />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 ten (10) <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 l~om the maximum maturity of those bonds. <br /> <br /> 3. That the maximum maturity of notes issued in anticipation of said bonds is <br />fifteen (15) years from the date of the notes originally issued for such purpose. <br /> <br />Fiscals'Officer 1~ O~ <br />City of Lakewo~bd, <br /> <br /> <br />