23-05 Issuance/Sale of Bonds - Vedda Printing Project $400,000

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FISCAL' OFFICER'S CERTIFICATE Vedda Printing Project General Obligation Bonds, Series 2005 Lakewopd, Ohio Apri14,2005 TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: The undersigned, Fiscal Officer of the City of Lakèwood, Ohio, as fiscal officer thereof, as defined by Section 133.01 of the Ohio Revised Code, hereby certifies in cOh11ection with your proposed issue of bonds in the principal amount of not to exceed $400,000 for the purpose of paying the costs of public improvements for the Yedda Printing project, including site preparation, environmental remediation, related soft costs and to pay costs of issuance in connection therewith, as follows: 1. That the estimated life of the improvements to be constructed from the proceeds of such bonds is hereby certified to be at least five (5) years. 2, That the màXimum maturity of the bonds authorized to be issued for such improvements, calculated in accordance with Section 133.20 of the Ohio Revised 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 virtue of the fact that a sufficient portion of the proceeds of such bonds are allocated to a class or classes of improvements that have a maximnm maturity in excess of twenty-five years" ~t~ Fiscal Officer . .. ' , City of Lalœwood, Ohio {CT0124;1}