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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 $701,000 (the "Notes"), to be issued in anticipation of <br />the issuance of bonds (the "Bonds") to pay costs of improving Detroit Avenue, between certain <br />termini, by providing new traffic signalizaflon, together with all necessary appurtenances thereto <br />(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, being my estimate of the life or period of usefulness of <br />the Irnpro~ement. If notes in anticipation of Bonds are outstanding later than the last day of <br />December of the fiflh year following the year of issuance of the original notes, the period in excess <br />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: f~'UI ~ 2011 ~~_-~~ <br />.Dire or of Finance <br />C' of Lakewood, Ohio <br />6 <br />