42-06 Issuance/Sale of Notes Parking Meters $350,000

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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 issne of $350,000 of bonds and notes in anticipation thereof for the purpose of improving the City's pubHc parking facìlìties by replacing parking meters (the "Improvements"): 1. That the estimated Hfe 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, being my estimate of the period of usefulness of the Improvements; 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 ftom the maximum maturity of those bonds. 3. That the maximum maturity of notes now proposed to be issued in anticipation of such bonds is fifteen (15) years ftom the date of the notes originally issued for such purpose. 'i~ Ac~irectór of Finance City of Lakewood, Ohio {2006BANS.DOC;1}