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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$50,000 TREE PLANTING BOND ANTICIPATION NOTES, SERIES 2005 <br /> <br />Lakewood, Ohio <br />ApriJ 18. 2005 <br /> <br />TO THE COUNCil. OF THE CITY OF LAKEWOOD, OHIO: <br /> <br />The undersigned. FiscaJ Officer of the City of Lakewood. Ohio (the "City"), as <br />defined by Revised Code Section 13301, 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 auticipation thereof in the principaJ amount of $50,000 for the <br />purpose of improving streets and municipal properties by clearing, trimming and planting trees, <br />as follows: <br /> <br />1. That the estimated life or period of usefulness of the improvements is <br />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 ten (10) <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 from the maximum maturity of those bonds. <br /> <br />3 That the maximum maturity of notes issued in anticipation of said bonds is <br />fifteen (15) years from the date of the notes originaJJy issued for such purpose <br /> <br />Fiscal?;:er 0/-- <br /> <br />City of Lakewood, Ohio <br /> <br />{KLF3012.DOC;I} <br />