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 <br />issue of notes in a principal amount not to exceed $2,000,000 (the "Notes "), to be issued in <br />anticipation of the issuance of bonds (the "Bonds ") to pay costs of constructing a new sanitary <br />sewer and improvements and renovations to the existing sanitary sewers and storm water sewers <br />along Edgewater Drive, together with all necessary appurtenances thereto (the "Improvement "), <br />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 40 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 maturity of the Notes is 20 years. <br />Dated: _February 18 <br />2014 <br />Director of Finance <br />City of Lakewood, Ohio <br />