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<br /> FISCAL OFFICER'S CERTIFICATE <br /> Lakewood Ohio <br /> July 6 1982 <br />TO THE COUNCIL OF THE CITY OFLAKEWOOD, 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 Revised <br />Code, hereby certifies in connection with your proposed issue of bonds <br />and notes in anticipation thereof in the principal amount of $4,350,000 <br />for the purpose of making improvements to the City's sewage treatment and <br />disposal works and its ancillary systems, as follows: <br /> 1. That the estimated life of the property and improvements <br />to be acquired from the proceeds of such bonds is hereby certified to be <br />at 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 forty (40) years, provided that if notes <br />in anticipation of such bonds are outstanding for a period in excess of <br />five (5) years from the date of the original issue, the period thereof <br />in excess of five (5) years shall be deducted from such maximum maturity <br />of said bonds. <br /> 3. The maximum maturity of notes issued in anticipation of <br />such bonds is ten (10) years from the date of issuance of the original <br />notes, August 6, 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 /> ~-:-. c:z:. G <br /> Director of Finance <br /> City of Lakewood, Ohio <br /> <br />JI <br />