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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />$685,000 COMPUTER EQUIPMENT BOND ANTICJP ATION NOTES, SERIES 2003 <br /> <br />Lakewood, Obio <br />April 18, 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 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 $685,000 for the <br />purpose of acquiring compliters and systems therefor for municipal purposes, as follows: <br /> <br />I. That the estimated life of the equipment to be acquired from the proceeds <br />of said issue is 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 Revisèd Code, 'is five (5) <br />years, being my estimate of the usefulness of such equipment, provided that if notes in <br />anticipation of those bonds are outstanding later than the lást day of December of the fifth year <br />following the year of issuance of the original notes, the period thereof in excess 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 />ten (10) years from the date of the notes originally issued for such purpose. <br /> <br />%-pi ¥= <br />Fiscal Officer . <br />City of Lakewood, Ohio <br /> <br />{KLF3013.DOC;1} <br />