|
OF MAXIMUM MATURITY
<br />To: The City Council of the
<br />City of Lakewood, Ohio
<br />REFUNDING BONDS, SERIES 2016
<br />The undersigned Director of Finance of the City of Lakewood, Ohio (the "City") as the fiscal
<br />officer of the City, hereby certifies as follows with respect to the Refunding Bonds, Series 2016, of the City,
<br />in the principal sum of not to exceed $26,500,000 (the `Bonds "), that are to be used to currently refund a
<br />portion of the bonds of the City described below, and the maximum maturity of the Bonds cannot exceed
<br />the last maturity permitted by law for the bonds to be refunded, in accordance with Section 133.34, Ohio
<br />Revised Code, to wit:
<br />(i) Rockport Square Improvement General Obligation Bonds, Series 2004 (Limited
<br />Tax Obligation) (Taxable), dated August 11, 2004, originally issued in the
<br />aggregate principal amount of $4,265,000 for the purpose of paying the costs of
<br />public improvements for the Rockport Square Project, including land acquisition,
<br />environmental remediation, and certain public infrastructure improvements,
<br />including sidewalks and street improvements and public plazas; and the last
<br />maturity permitted by law is December 1, 2029 (the "Outstanding 2004 Bonds ");
<br />(ii) Various Purpose General Obligation Bonds, Series 2005 (Limited Tax Obligation),
<br />dated May 26, 2005, originally issued in the aggregate principal amount of
<br />$21,210,000 in part for the purpose of (a) improving Hilliard Road and Lakewood
<br />Heights Boulevard by replacement of the base as required and resurfacing with
<br />asphalt, including replacement of curbs, aprons and sidewalks as required, together
<br />with all necessary appurtenances thereto; (b) making site improvements to
<br />Lakewood Park; (c) renovating, furnishing and equipping municipal buildings and
<br />properties and improving sites; (d) improving Hilliard Road /Franklin Boulevard
<br />from Lakeland Avenue to Bunts Road by resurfacing and reconstructing sidewalks,
<br />curbs and drive aprons as necessary; (e) improving certain streets designated by
<br />council by resurfacing with deep grind and overlay and reconstructing curbs as
<br />necessary; (f) improving sanitary sewers and the city's wastewater treatment plant;
<br />(g) renovating, improving, furnishing and equipping municipal buildings; (1)
<br />improving Sloane Avenue by replacement of the base and replacement of curbs,
<br />aprons and sidewalks as required, together with all necessary appurtenances
<br />thereto; (h) improving certain streets designated by council by resurfacing with
<br />deep grind and overlay and reconstructing curbs as necessary; (i) improving the
<br />municipal water system; 0) improving the city's wastewater and storm water
<br />collection system; (k) improving the municipal sewer system; and (1) public
<br />improvements for the Vedda Printing Project, including site preparation,
<br />environmental remediation, related soft costs; and the last maturity permitted by
<br />law is December 1, 2025 (the "Outstanding 2005 Bonds ");
<br />(iii) Sewer System Revenue Bonds, Series 2006, dated August 30, 2006, originally
<br />issued in the aggregate principal amount of $14,320,000 for the purpose of (i) the
<br />reconstruction of sewer lines and connections, together with the necessary
<br />appurtenances and work incidental thereto, and certain improvements and repairs
<br />to the wastewater treatment facilities of the City, together with the necessary
<br />appurtenances and work incidental thereto, including, without limitation, filter
<br />presses installation, thermophilic digestion upgrade, emergency generator upgrade
<br />and cleaning sludge and grit -out digestion in the sludge storage tanks; (ii)
<br />98547750
<br />
|