55-00 Naragansett & Niagara Bonds $400,000

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FISCAL OFFICER'S CERTIFICATE $400,000 2000 NARAGANSETT AVENUE AND NIAGARA DRIVE BOND ANTICIPATION NOTES - CITY'S PORTION - 2000B RENEWAL Lakewood, Ohio October 2, 2000 TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the "City"), as defined by Revised Code Section 133.01, and in the ordinance authorizing the bonds and notes in anticipation thereof hereinafter referred to, hereby certifies in connection with your proposed issue of bonds and notes in anticipation thereof in the principal mount of $400,000 for the purpose of paying the City's portion of the cost of improving Naragansett Avenue from Riverside Drive to Niagara Drive and Niagara Drive from Riverside Drive to Lakewood Heights Boulevard by reconstruction and replacement of the base and resurfacing with reinforced concrete, including the necessary installation and replacement of curbs, aprons and sidewalks, together with all necessary appurtenances thereto, and tree lawn restoration as follows: 1. That the estimated life of such improvement is hereby certified to be at least five (5) years; 2. That the maximum maturity of the bonds authorized to be issued for such improvements, calculated in accordance with Section 133.20, Ohio Revised Code, is twenty (20) years, provided that if notes in anticipation of those bonds are outstanding later than the last day of December of the ill'ah year following the year of issuance of the original notes, the 'period thereof in excess of five years must be deducted from the maximum maturity of those bonds; and 3. That the maximum maturity of notes issued in anticipation of said bonds is twenty (20) years from the date of the notes originally issued for such purpose. FiscaI'Officer ' U City of Lakev~ood, Ohio {KLF0881 .DOC; 1 }