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FISCAL OFFICER'S CERTIFICATE <br /> <br />$560,000 2000 FIRE DEPARTMENT EQUIPMENT <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 /> 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 $560,000 for the <br />purpose of acquiring fire department apparatus and equipment, as follows: <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 /> 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 filth 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 of those bonds. <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 />Fiscal (])fficerl/ <br />City of Lakex~'ood, Ohio <br /> <br />{KLF0883.DOC;1 } .~ <br /> <br /> <br />