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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$20,000 STREET SIGNS <br />BOND ANTICIPATION NOTES, SERIES 2005 <br /> <br />Lakewood, Ohio <br />April 18, 2005 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br /> <br />The undersigned, Fiscal Officer of the City of Lakewood, Ohio (the "City"), as <br />defined by Revised Code Section 133.01, 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 $20,000 for the <br />purpose of improving streets by installing street name signs, 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 twenty (20) <br />years, being my estimate of the useful life of the improvements, provided that if notes in <br />anticipation of those bonds are outstanding later than the last day of December of the fifth year <br />following the year of issuance of the original notes, the period thereof in èxcess of five years <br />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 />%J~ <br /> <br />Fiscal officerV <br />City of Lakewood, Ohio <br /> <br />(KLF3015.DOC;l) <br />