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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 <br />issue of notes in a principal amount not to exceed $50,000 (the "Notes "), to be issued in <br />anticipation of the issuance of bonds (the "Bonds ") to pay additional costs of replacing a salt <br />storage facility (the "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 20 years, being my estimate of the life or period of <br />usefidness of the Improvement. If notes in anticipation of Bonds are outstanding later than the <br />last day of December of the fifth year following the year of issuance of the original notes, the <br />period in excess of those five years shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is 20 years. <br />Dated: February 1 <br />2014 <br />Director of Finance <br />City of Lakewood, Ohio <br />