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VARIOUS PURPOSE IMPROVEMENT NOTES, SERIES 2016 <br />(ROADWAY IMPROVEMENT PORTION) <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 improving Andrews Avenue, Athens Avenue, Chesterland Avenue, <br />Concord Drive, Delaware Avenue, Erie Cliff Drive, Hall Avenue, Lake Point Drive, <br />Leedale Avenue, Leonard Avenue, Mars Avenue, McKinley Avenue, Northwood <br />Avenue, Richland Avenue, Shaw Avenue and West 117th Street, and other streets located <br />within the City, between certain termini, by resurfacing and replacing concrete, together <br />with all necessary appurtenances thereto <br />2. The maximum maturity of the bonds proposed to be issued to pay the cost of the Improvements, <br />calculated in accordance with Section 133.20, Ohio Revised Code, is 15 years, provided that if <br />notes are issued in anticipation of the issuance of such bonds, the maximum maturity of such <br />notes is 20 years. <br />Dated: February 1, 2016 <br />/ ��._sz ----------- <br />--- <br />Director tvinance <br />City 9 Lakewood, Ohio <br />98495820 <br />