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FISCAL OFFICER'S CERTIFICATE <br /> <br />$320,000 INDIANOLA AVENUE IMPROVEMENT BOND <br />ANTICIPATION NOTES - CITY'S PORTION <br /> <br />Lakewood, Ohio <br />March 18, 2002 <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 $320,000 for the <br />purpose of paying the City's portion of the cost of improving Indianola Avenue from Hilliard <br />Road to Riverside Drive by reconstruction and replacement of the base and resurfacing with <br />reinforced concrete, including the necessary installation and replacement of curbs, aprons and <br />sidewalks, together with all necessary appurtenances thereto, as follows: <br /> <br />least five (5) years. <br /> <br />That the estimated life of such improvement is hereby Certified to be at <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 those bonds are outstanding later than the last day <br />of December of the fifhh 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 /> <br /> 3. That the maximum maturity of notes issued in anticipation of said bonds is <br />the last day of the fifth year following the year in which the original notes were issued for the <br />improvement, to wit, December 31, 2007. <br /> <br />City of Lakewood, Ohio <br /> <br /> <br />