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FISCAL OFFICER'S CERTIFICATE <br /> <br />$80,000 OVERBROOK AVENUE IMPROVEMENT BOND <br />ANTICIPATION NOTES - PROPERTY OWNERS' PORTION <br /> <br />Lakewood, Ohio <br />March 18, 2002 <br /> <br />TO THE COUNCIL OF TIlE 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 $80,000 for the <br />purpose of paying the property owners' portion, in anticipation of the levy and collection of <br />special assessments, of the cost of improving Overbrook Avenue from Riverway to l. ndianola <br />Avenue by reconstruction and replacement of the base and resurfacing with reinforced concrete, <br />including the necessary installation and replacement of curbs, aprons and sidewalks, together <br />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 133220, Ohio Revised Code, is twenty (20) <br />years, but because special assessments will be payable over a period of ten (10) years, and the <br />bonds are to be issued in the anticipation of the issuance of the collection of those special <br />assessments, the maximum maturity of the bonds is ten (10) years. <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 /> Fiscal Officer/ <br /> City of Lakewood, Ohio <br /> <br /> <br />