71-04 Issue/Sale of Bonds Rockport Improvements

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FISCAL OFFICER'S CERTIFICATE Rockport Square Improvement General Obligation Bonds, Series 2004 TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: f- Lakewood, Ohio :2 I , 2004 The undersigned, Fiscal Officer of the City of Lakewood, Ohio, as fiscal officer thereof, as defined by Section 133,01, Ohio Revised Code, hereby certifies in connection with your proposed issue of bonds in the principal amount of not to exceed $4,500,000 for the purpose of paying the costs of public improvements for the Rockport Square project, including land acquisition, enyjroumental remediatiort, and certain public infTastructure improvements, including sidewalks and street improvements and public plazas, as follows: l, That the estimated life of the improvements to be CortstructedfTom the proceeds of such bonds is hereby certified to be at least five (5) years. 2. That the maximum maturity of the bortds authorized to be issued for such improvements, calculated in accordance with Section 133.20, Ohio Reyjsed Code, is at least twenty-five (25) 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 ofless than twenty-five years but in excess of five years, then the maximum maturity of such bonds would still be at least twenty-five 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-five 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 from that maximum maturity of such bonds. I { I I All of which is respectfully submitted. 1::: if -?L _/ Fiscal Officf¡- . - ¿;:---- City of Lakewood, Ohio (KLF2636;1)