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<br />City of Lakewood, Ohio <br />Buildings and facilities Notes, Series 2007 <br /> <br />Fiscal Officer's Certificate of Maximum Maturity <br /> <br />To the Council of the City of Lakewood: <br /> <br />The undersigned, Director of Finance, as fiscal officer of the City of Lakewood, <br />Ohio, certifies as follows in connection with your proposed issue of securities to pay the <br />costs of reconstructing, renovating, and improving certain City buildings and facilities <br />(the "Municipal Buildings and Facilities Project")· <br /> <br />1, All of the permanent improvements included in the Municipal Buildings and <br />Facilities ProJect have an estimated life or period of usefulness of at least five <br />years <br /> <br />2 My estimate of the life or period of usefulness of the pennanent improvements <br />included in the Municipal Buildings and Facilities Project, is 25 years, <br /> <br />3 The maximum maturity of bonds to finance the Municipal Buildings and <br />Facilities Project, in accordance with that estimate, is 25 years, as specified in <br />Section 133 20 (C), Revised Code <br /> <br />3 The maximum maturity of notes to be issued in anticipation of those bonds is 240 <br />months, <br /> <br />Date,~Æ20 7«)1- <br /> <br />Jennifer Pae irector of Finance <br />City of LaRewood, Ohio <br /> <br /> <br />03/01/2007Akron38117 <br />