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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 $1,500,000 (the "Notes"), to be issued in <br />anticipation of the issuance of bonds (the "Bonds") to pay costs of resurfacing Arthur Avenue, <br />Blossom Pazk Avenue, Lewis Drive, Summit Avenue, Lakeland Avenue, Olive Avenue, <br />Marlowe Avenue, Cove Avenue and Woodward Avenue, and other streets located within the <br />City, between certain termini, together with all necessary appurtenances thereto (the <br />"Improvement"), that: <br />1. The estimated life or period of usefulness of the Improvement is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Ohio Revised Code, Section 133.20, is 15 years. If notes in anticipation of Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance of <br />the original notes, the period in excess of those five years shall be deducted from that maximum <br />maturity of the Bonds. <br />3. The maximum mahuity of the Notes is 20 years. <br />Dated: , 2013 <br />7529964 v2 <br />Director of Finance <br />City of Lakewood, Ohio <br />19 <br />33 <br />