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City of Lakewood, Ohio <br />Sidewalk Program Notes, Series 2009 <br />Fiscal Officer's Certificate of Maximum Maturity <br />To the Council of the City of Lakewood: <br />The undersigned, Director of Finance, as fiscal officer of the City of Lakewood, Ohio, <br />certifies as follows in connection with your proposed issue of notes in anticipation of bonds and <br />the levy and collection of special assessments to pay the property owners' portion of the costs of <br />constructing and reconstructing sidewalks in the City's 2009 Sidewalk Program (the "2009 <br />Sidewalk Project"): <br />All of the permanent improvements included in the 2009 Sidewalk Project have an <br />estimated life or period of usefulness of at least five years. <br />2. The maximum maturity of bonds to finance the 2009 Sidewalk Project is 20 years, as <br />specified in Section 133.20(B)(5), Ohio Revised Code. If, however, the special <br />assessments are levied over a shorter period of time, the maximum maturity will be the <br />period of the special assessments. <br />3. The maximum maturity of notes to be issued in anticipation of those bonds is the last day <br />of December of the fifth year following the year in which the first notes are issued. <br />Accordingly, if the notes are first issued in 2009, the maximum maturity of those notes <br />would be December 31, 2014. <br />Jennifer ae, Director of Finance <br />City9 akewood, Ohio <br />Date: March23 , 2009 <br />01/16/2009 Cleveland i2020A2 <br />