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<br />FISCAL OFFICER'S CERTIFICATE <br /> <br />City of Lakewood, Ohio <br />April 12, 2006 <br /> <br />TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO <br /> <br />The undersigned, Acting Director of Finance of the City of Lakewood, Ohio, as <br />fiscal officer of the City as defined by Revised Code Section 133.01, hereby certifies as follows <br />in connection with your proposed issue of $36,000 of bonds and n.otes in anticipation thereof for <br />the purpose of improving streets by installing street name signs (the "Improvements"): <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 in anticipation of which the <br />notes are issued, calculated in accordance with the provisions of Section. 133.20 of the Ohio <br />Revised Code, is at lèast twenty (20) years; provided that if notes in anticipation of such bonds arè <br />outstanding later than the last day of December of the fifth year following the year of issuance of <br />the original issue of notes, the period in excess of those five years shall be deducted from the <br />maximlUTI maturity of those bonds. <br /> <br />3. That the maximum maturity of notes now proposed to be issued in <br />anticipation of such bonds is June IS, 2025, which is twenty (20) years from the date on which <br />the original notes were issued. <br /> <br /> <br />Acting D' ector of Finance <br />City 0 akewood, Ohio <br /> <br />{2006 BANS DOC;l} <br />