33-01 Hilliard Rd Improvement Bond $1,100,000

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FISCAL OFFICER'S CERTIFICATE $1,100,000 I-tILLIARD ROAD IMPROVEMENT BOND ANTICIPATION NOTES - WATERMAINS Lakewood, Ohio June 18, 2001 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 amount of $1,100,000 for the purpose of improving Hilliard Road by replacing watermains, together with any necessary appurtenances, as follows: 1. That the estimated life or period of usefulness of the improvements 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 forty (40) years, provided that if notes in anticipation of those bonds are outstanding later than the last day. of December of the fffih 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. 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. Fiscal Officer ~ City of Lakewood, Ohio {KLFI271.DOC;1 }