54-2022 - Refund BANs of $21.85M

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VARIOUS PURPOSE IMPROVEMENT NOTES, SERIES 2023 (REFUNDING) CERTIFICATE OF ESTIMATED LIFE AND MAXIMUM MATURITY To: The City Council of the City of Lakewood, Ohio The undersigned Director of Finance of the City of Lakewood, Ohio as the fiscal officer of said City, hereby certifies as follows: 1. The estimated life of the improvements described as follows (the "Improvements") exceeds five years: to pay costs of (i) designing, engineering, permitting and constructing a new outfall, stone revetment and rehabilitating the existing sewers, together with all necessary appurtenances thereto, (ii) improving and reconstructing the City's recycling facility, (iii) improving the City's jail, (iv) improving sidewalks within the City, (v) replacing or improving the roof of the Public Works garage and other public buildings, together with all necessary appurtenances thereto, (vi) improving heating, ventilation and air conditioning systems in various city facilities including the Municipal Utilities Garage, Wastewater Treatment Plant, Women's Club Pavilion and City Hall, (vii) improving Detroit Road, Hilliard Road and other streets located within the City, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto and (viii) designing, engineering and constructing water improvements, together with all necessary appurtenances thereto; (ix) replacing or improving the roof of the Public Works garage and other public buildings, together with all necessary appurtenances thereto, (x) improving parks within the City, including Foster Pool and other park improvements, together with all necessary appurtenances thereto, (xi) improving sidewalks within the City, (xii) improving Hilliard Road and other streets located within the City, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto, (xiii) designing, engineering and constructing water improvements, together with all necessary appurtenances thereto and (xiv) designing, engineering and constructing sewer improvements, together with all necessary appurtenances thereto 2. The amounts proposed to be expended for various classes of improvements, and the maximum maturity of bonds issued for such purposes, calculated in accordance with Section 133.20, Ohio Revised Code, are as follows: A. Improving sidewalks within the City and improving heating, ventilation and air conditioning systems; 10 years B . Improving streets by resurfacing and replacing concrete; 15 years C. Constructing a new outfall, stone revetment and rehabilitating the existing sewers, replacing the roofs on City Hall and the Public Works garage; 20 years D. Improving the City's recycling facility; 21 years E. Improving the City's jail; 25 years F . Improving parks within the City; 30 years Error! Unknown document property name.