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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 bonds in the principal amount not to exceed $6,150,000 (the "Bonds") to retire a portion of the <br />City's Various Purpose Improvement and Refunding Notes, Series 2012 that that were issued on <br />April 18, 2012 to pay costs of refunding the City's Vatious Purpose General Obligation Bonds, <br />Series 2003 (the "Series 2003 Bonds") that were issued, in pai4, to pay costs of improving, <br />renovating, furnishing and equipping municipal buildings and improving municipal sites and <br />rights-of--way, improving Franklin Boulevard, Hilliard Road, Homewood Drive, Gold Coast <br />Lane, Forest Road, Indianola Avenue, West Forest Drive, Overbrook Avenue, West Clifron <br />Boulevard, St. Charles Avenue, Lakewood Heights Boulevard and streets located in the City, <br />acquiring police communication equipment, improving parks and improving sanitary sewers and <br />the wastewater treatment plant (collectively, the "Improvement"), that: <br />The estimated life or period of usefulness of the Improvement is at least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Ohio Revised <br />Code Section 13334, is December 1, 2023, the last maturity permitted for the Series 2003 Bonds. <br />This maximum mahuity is based on the fiscal officer's certificates dated March 3, 2003, and other <br />docrrments related to the Series 2003 Bonds. <br />Dated: , 2012 <br />Director of Finance <br />City of Lakewood, Ohio <br />