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<br /> FISCAL OFFICER'S CERTIFICATE <br />1981 Breakwall Bond Anticipation Notes - 1982 Renewal <br /> Lakewood, Ohio <br /> July 6, 1982 <br /> TO THE COUNCIL OF THE CITY OF LAKEWOOD, OHIO: <br />The undersigned, Director of Finance of the City of Lakewood, <br /> Ohio, as fiscal officer thereof, as defined by Section 133.01, Ohio <br /> Revised Code, hereby certifies in connection with your proposed issue of <br /> bonds and notes in anticipation thereof in the principal amount of <br /> $200,000 for the purpose of paying the property owners' portion, in an- <br /> ticipation of the levy and collection of special assessments, of the <br /> cost of improving the municipal easement described in Resolution No. <br /> 5577 adopted June 15, 1981, by constructing therein a concrete modular <br /> breakwall and shore return at each termination of the breakwall, to- <br /> gether with necessary appurtenances thereto, as follows: <br />1. That the estimated life of the improvements to be con- <br /> structed from the proceeds of such bonds is hereby certified to be at <br /> least five (5) years. <br />2. That the maximum maturity of such bonds to be issued for <br /> such purpose, calculated in accordance with the provisions of Section <br /> 133.20, Ohio Revised Code, is ten (10) years, being also my estimate of <br /> the life usefulness of such improvements. <br />3. The maximum maturity of notes issued in anticipation of <br /> such bonds is five (5) years from the date of issuance of the original <br /> notes, July 28, 1981, provided that if such notes are sold at private <br /> sale, then their maximum maturity is one (1) year. <br />All of which is respectfully submitted, <br /> :)~ .. ~~G <br /> -- <br /> Director of Finance <br /> City of Lakewood Ohio <br />m; ,......,-" <br />