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DocuSign Envelope ID: D1 D7BO29-ODBD-4276-9A2E-BOA56F6EO688 <br />ROADWAY IMPROVEMENT NOTES, SERIES 2024 <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 (the "City") as the fiscal officer <br />of said City, hereby certifies as follows: <br />1. The estimated life of the improvements described as follows (the "Improvements") exceeds five <br />years: <br />To pay costs of improving Bunts Road, Crest Lane, Giel Avenue, Onondaga <br />Avenue, Wayne Avenue and Webb Road and other streets located within the City, <br />between certain termini, by resurfacing and replacing concrete, together with all <br />necessary appurtenances thereto <br />2. The maximum maturity of bonds proposed to be issued to pay the cost of Improvements, calculated <br />in accordance with Section 133.20, Ohio Revised Code, is 17 years, provided that if notes are issued <br />in anticipation of the issuance of such bonds, the maximum maturity of such notes is 20 years: <br />Dated: December 18, 2023 <br />92 <br />Director of Finance <br />City of Lakewood, Ohio <br />19011762v1 <br />