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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$1,056,000 MOTORIZED EQUIPMENT BOND ANTICIPATION NOTES, SERIES 2004 <br /> <br />Lakewood, Ohio <br />April 5,2004 <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 $1,056,000 for the <br />purpose of acquiring motórized equipment and appurtenances thereto, as follows: <br /> <br />1. That the estimated life of the equipment to be acquired trom the proceeds <br />of said issue is hereby certified to be at least five (5) years. <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 five (5) <br />years, provided that if notes in anticipation of those bonds are outstanding later than the last day <br />of December of the fifth year following the year of issuance of the original notes, the period <br />thereof in excess of five years must be deducted trom the maximum maturity of those bonds. <br /> <br /> <br />I <br />r <br /> <br />3. That the maximum maturity of notes issued in anticipation of said bonds is <br />ten (10) years trom the date of the notes originally issued for such purpose. <br /> <br />Fiscá1 Officer <br />City ofLakewo tl, Ohio <br /> <br />{KLF2562.DOC:1} <br />