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REFUNDING BONDS, SERIES 2017 <br />CERTIFICATE OF 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 (the "City") as the fiscal <br />officer of the City, hereby certifies as follows with respect to the Refunding Bonds, Series 2017, of the City, <br />in the principal sum of not to exceed $6,050,000 (the "Bonds "), that are to be used to currently refund all or <br />a portion of the City's Various Purpose General Obligation Bonds, Series 2007 (Limited Tax), dated <br />May 30, 2007, originally issued in the aggregate principal amount of $10,875,000 (a) to finance certain <br />capital assets of the City, including improving buildings and sites, streets and sidewalks, municipal <br />recreation facilities, parking facilities, sanitary sewers, and the wastewater treatment plant; reforestation; <br />and acquiring equipment for the police and fire departments; and (b) to advance refund a portion of the <br />City's $8,225,000 Various Purpose General Obligation Bonds, Series 2001 (Limited Tax Obligations), <br />dated May 3, 2001; and the last maturity permitted by law is December 1, 2026 (the "Outstanding Bonds "), <br />and the maximum maturity of the Bonds cannot exceed the last maturity permitted by law for the bonds to <br />be refimded, in accordance with Section 133.34, Ohio Revised Code. <br />Therefore, the maximum maturity of the Bonds cannot be later than December 1, 2026. <br />Dated: April 17, 2017 <br />115723630 <br />Director of Finance <br />City of Lakewood, Ohio <br />