36-06 Issuance/Sale of Notes - Park Facilities $550,000

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FISCAL OFFICER'S CERTIFICATE City of Lakewood, Ohio April 12, 2006 TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO The undersigned, Acting Director of Finance of the City of Lakewood, Ohio, as fiscal officer of the City as defined by Revised Code Section 133.01, hereby certifies as follows in connection with your proposed issue of $550,000 of bonds and notes in anticipation thereof for the purpose of improving park facilities and sites (the "Improvements"): 1. That the estimated life or period of usefulness of the Improvements is hereby certified to be at least five (5) years. 2. That the maximum maturity of the bonds in anticipation of which the notes are issued, calculated in accordance with the provisions of Section 133.20 of the Ohio Revised Code, is at least ten (10) years; provided that if notes in anticipation of such bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of those five years shall be deducted rrom the maximum maturity of those bonds. 3. That the maximum maturity of notes now proposed to be issued in anticipation of such bonds is June 15, 2020, which is fifteen (15) years ITom the date on which the original notes were issued. ~ A tin(D' fF" c rrector 0 mance City of Lakewood, Ohio [ r (2006 BANS.DOC; I}