39-04 Muni Bldg. Improvement Bond $1,468,300

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FISCAL OFFICER'S CERTIFICATE $1 ,468,300 MUNICIPAL BUILDINGS IMPROVEMENT BOND ANTICIPATION NOTES, SERIES 2004 Lakewood, Ohio AprilS, 2004 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 $1,468,300 for the purpose of renovating, improving, furnishing and equipping municipal buildings, 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 at least twenty (20) years, since by my estimate if and to the extent a portion of the proceeds of such bonds may be detennined to be allocated to a class or classes of improvements having a maximum maturity of less than twenty years but in excess of five years, then the maximum maturity of such bonds would still be at least twenty years by reason of a sufficient portion of the proceeds of such bonds allocated to a class or classes having a maximum maturity in excess of twenty years; provided that if notes in anticipation of such bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of those five years shall be deducted rrom that maximum maturity of such bonds. 3. That the maximum maturity of notes issued in anticipation of said bonds is twenty (20) years rrom the date of the notes originally issued for such purpose. {fto~ Fiscal 0 cer City of Lake woo , Ohio {KLF2563oDoC;1}