Laserfiche WebLink
FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of Lakewood, Ohio: <br />As fiscal officer of the City of Lakewood, I certify in connection with your proposed issue <br />of notes in a principal amount not to exceed $1,238,000 (the "Notes"), to be issued in anticipation of <br />the issuance of bonds (the "Bonds") to pay costs of improving Arlington Road, Lakeland Avenue, <br />Larchmont Avenue, Madison Avenue; Morrison Avenue, Overlook Road, Wascana Avenue and <br />other streets located within the City, between certain termini, by resurfacing, together with all <br />necessary appurtenances thereto (the "Improvement"), that: <br />The estimated life or period of usefulness of the Improvement is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with Ohio <br />Revised Code, Section 133.20, is 15 years. If notes in anticipation of Bonds are outstanding later <br />than the last day of December of the fifth year following the year of issuance of the original notes, <br />the period in excess of those five years shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the principal amount of the Notes is 20 years from the <br />date of the original issuance of notes to pay costs of the Improvement. <br />Dated: ~7 , 2011 <br />Crty of Lakewood, Oleo <br />~~-. <br />Director of Fin e <br />S <br />