65-18 - 2019 Bonds - Notes Refunding

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with Lake Erie, eastward to the intersection of Meridian Condominium's easterly property line with Lake Erie and replacing or improving roofs of the Public Works garage, the Fire Station and other public buildings, together with necessary appurtenances thereto; 20 years D. Improving Lake Avenue and Maple Cliff Drive and other streets located within the City, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto; improving Andrews Avenue, Athens Avenue, Chesterland Avenue, Concord Drive, Delaware Avenue, Erie Cliff Drive, Hall Avenue, Lake Point Drive, Leedale Avenue, Leonard Avenue, Mars Avenue, McKinley Avenue, Northwood Avenue, Richland Avenue, Shaw Avenue and West 117th Street, and other streets located within the City, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto and improving Franklin Avenue and Hilliard Road, between certain termini, by providing new traffic signalization, together with all necessary appurtenances thereto; 15 years E. Replacing or improving roofs of the Winterhurst Ice Rink and other public buildings, together with necessary appurtenances thereto; 14 years F. Improving parks within the City, including Kids Cove Playground and Kaufmann Park, together with all necessary appurtenances thereto; improving sidewalks within the City and designing, engineering and constructing drainage improvements, together with all necessary appurtenances thereto; 10 years 3. The weighted average of said maturities is 22- years, therefore the maximum maturity of a single issue of bonds proposed to be issued to pay the cost of such permanent improvements, calculated in accordance with Section 133.20, Ohio Revised Code, is 22 years. Dated: December 17, 2019 r� Director fTinance City o akewood, Ohio 133548910 2