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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$127.000 POOL IMPROVEMENT BOND ANTICIPATION NOTES, SERIES 2005 <br /> <br />Lakewood, Ohio <br />Apri118, 2005 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OIDO: <br /> <br />The undersigned, Fiscal 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 anticipation thereof in the principal amount of $127,000 for the <br />purpose of improving Foster Pool and Madison Pool, as follows' <br /> <br />1. That the estimated life or period of usefuln~ss 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 13320. Ohio Revised Code, is thirty (30) <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 />twenty (20) years from the date of the notes originally issued for such purpose, <br /> <br />~<VI¥ <br />Fiscal Officer T . <br />City of Lakewood, Obio <br /> <br />{KLF301O.DOC;1} <br />