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<br />, <br /> <br />City of Lakewood, phio <br />Sidewalk Program Notes, Series 2007 <br /> <br />Fiscal Officer's Certificate of Maximum Maturity <br /> <br />To the Council of the City of Lakewood' <br /> <br />The undersigned, Director of Finance, as fiscal officer of the City of Lakewood, <br />Ohio, certifies as follows in connection with your proposed issue of notes in anticipation <br />of bonds and the levy and collection of special assessmeIits to pay the costs of <br />constructing and reconstructing sidewalks in the City's 2007 Sidewalk Program (the <br />"2007 Sidewalk Project")' <br /> <br />1 All of the pennanent improvements included in the 2007 Sidewalk Project have <br />an estimated life or period of usefulness of at least five years <br /> <br />2. The maximum maturity of bonds to finance the 2007 Sidewalk Project is 20 years, <br />as specified in Section 133 20(B)(5), Ohio Revised Code. <br /> <br />3 The maximum maturity of notes to be issued in anticipation of those bonds is the <br />last day of December of the fifth year following the year in which the first notes <br />are issued Accotdingly, if the notes are first issued in 2007, the: maximum <br />maturity of those notes would be December 31,2012 <br /> <br />~ <br /> <br />Date~L28 ZaJ1- <br />I <br /> <br />Jennifer Pa, irector of Finance <br />City of L ewood, Ohio <br /> <br />03/01J2007Akri)n38120 <br />