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VARIOUs PURPOSE AIPROVENIENT NT TES, SERIES 2015
<br />(REFUNDING)
<br />CERTIFICATE OF ESTIMATED LIFE AND MAXIMUM MATURITY
<br />To: The City Council of the
<br />City of Lakewood, Ohio
<br />The undersigned Director of Finance of the City of Lakewood, Ohio as the fiscal officer of said
<br />City, hereby certifies as follows:
<br />The estimated life of the improvements described as follows (the "Improvements ") exceeds five
<br />years:
<br />to pay costs of (i) improving Madison Avenue by providing new traffic
<br />signalization; (ii) improving and renovating the refuse facility; (iii) replacing the
<br />roof on City Hall; (iv) resurfacing Atkins Avenue, Arlington Road, Arthur Avenue,
<br />Blossom Park Avenue, Brockley Avenue, Clifton Boulevard, Cranford Street,
<br />Cove Avenue, Donald Street, Hird Avenue, Lakeland Road, Lakeland Avenue,
<br />Larchmont Avenue, Lauderdale Avenue, Lewis Drive, Madison Avenue,
<br />McKinley Avenue, Marlowe Avenue, Morrison Avenue, Nicholson Street, North
<br />Marginal Street, Northland Avenue, Olive Avenue, Overlook Road, South
<br />Marginal Street, St. Charles Avenue, Summit Avenue, Wascana Avenue,
<br />Waterbury Road, Woodward Avenue, Woodward Street, Wyandotte Avenue, and
<br />other streets located within the City; (v) improving Detroit Avenue, Franklin
<br />Street, Hilliard Street and Madison Avenue by providing new and upgraded traffic
<br />signalization and pedestrian signals; (vi) improving the municipal garage
<br />ventilation system; (vii) improving parks within the City, including Lakewood
<br />Park, Wagar Park and the Lakewood Park Skate House, together with all
<br />necessary appurtenances thereto; (viii) reconstructing Madison Avenue; (ix)
<br />constructing a sheet pile bulkhead, docks and a parking area, together with all
<br />necessary appurtenances thereto; (x) improving sidewalks within the City, (xi)
<br />replacing a salt storage facility and (xii) improving the sewer system in the City
<br />by constructing the West End Sewer Separation project and a new sanitary sewer
<br />and improvements and renovations to the existing sanitary sewers and storm
<br />water sewers along Edgewater Drive, together with all necessary appurtenances
<br />thereto
<br />2. The amounts proposed to be expended for various classes of improvements, and the maximum
<br />maturity of bonds issued for such purposes, calculated in accordance with Section 133.20, Ohio
<br />Revised Code, are as follows:
<br />A. Improving Madison Avenue by providing new traffic sigualization; 20 years
<br />B. Improving and renovating the refuse facility; 20 years
<br />C. Replacing the roof on City Hall; 20 years
<br />D. Resurfacing Atkins Avenue, Arlington Road, Arthur Avenue, Blossom Park Avenue,
<br />Brockley Avenue, Clifton Boulevard, Cranford Street, Cove Avenue, Donald Street,
<br />Hird Avenue, Lakeland Road, Lakeland Avenue, Larchmont Avenue, Lauderdale
<br />Avenue, Lewis Drive, Madison Avenue, McKinley Avenue, Marlowe Avenue,
<br />Morrison Avenue, Nicholson Street, North Marginal Street, Northland Avenue, Olive
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