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DocuSign Envelope ID: D1 D7BO29-ODBD-4276-9A2E-BOA56F6EO688
<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 of the
<br />City, certifies as follows:
<br />1. The estimated life of the improvements described as follows (the "Improvements") exceeds
<br />five years:
<br />(i) designing, engineering, permitting and constructing a new outfall, stone
<br />revetment and rehabilitating the existing sewers, together with all necessary
<br />appurtenances thereto, (ii) improving and reconstructing the City's recycling
<br />facility, (iii) improving the City's jail; (iv) improving sidewalks within the City;
<br />(v) replacing or improving the roof of the Public Works garage and other public
<br />buildings, together with all necessary appurtenances thereto, (vi) improving
<br />heating, ventilation and air conditioning systems in various city facilities including
<br />the Municipal Utilities Garage, Wastewater Treatment Plant, Women's Club
<br />Pavilion and City Hall, (vii) improving Detroit Road, Hilliard Road and other
<br />streets located within the City, between certain termini, by resurfacing and
<br />replacing concrete, together with all necessary appurtenances thereto, (viii)
<br />designing, engineering and constructing water improvements, together with all
<br />necessary appurtenances thereto, (ix) improving parks within the City, including
<br />Foster Pool and other park improvements, together with all necessary
<br />appurtenances thereto, (x) improving Hilliard Road and other streets located within
<br />the City, between certain termini, by resurfacing and replacing concrete, together
<br />with all necessary appurtenances thereto, (xi) designing, engineering and
<br />constructing sewer improvements, together with all necessary appurtenances
<br />thereto, (xii) constructing a refuse recycling facility and animal shelter; renovating
<br />refuse truck parking facility; replacing or improving the roofs of public buildings,
<br />including the municipal facilities garage; improving the sites thereof, including
<br />infrastructure improvements, together with all necessary appurtenances thereto,
<br />(xiii) improving parks within the City, including Foster Pool, Lakewood Park and
<br />other park improvements, together with all necessary appurtenances thereto, (xiv)
<br />improving sidewalks within the City and (xv) improving Arthur Avenue, Lakeland
<br />Avenue, Olivewood Avenue, Esther Avenue, Roycroft Avenue, Wyandotte
<br />Avenue and other streets located within the City, between certain termini, by
<br />resurfacing and replacing concrete, together with all necessary appurtenances
<br />thereto.
<br />2. The amounts proposed to be expended for various classes of improvements, and the
<br />maximum maturity of bonds issued for such purposes, calculated in accordance with
<br />Section 133.20, Ohio Revised Code, are as follows:
<br />A. Improving sidewalks within the City and improving heating, ventilation and air
<br />conditioning systems; 10 years
<br />B. Improving streets by resurfacing and replacing concrete; 15 years
<br />190017990
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