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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 $2,687;000 of bonds and notes in anticipation thereof <br />for the purpose of acquiring motorized equipment and appurtenances thereto (the <br />"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 maxllnum 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 five (5) years; provided that if notes in anticipation of such bonds are outstanding <br />later than the last day of December of the fifth year following the year of issuance of the original <br />issue of notes, the period in excess of those five years shall be deducted ftom the maxllnum <br />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 15,2015, which is ten (10) years ftom the date on which the <br />original notes were issued. <br /> <br />~;I2. <br /> <br />Acting;fuector of Finance <br />City of Lake wood, Ohio <br /> <br />{2006 BANS.DOC;!} <br />