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•e <br />.a <br />I1J <br />Lt! <br />C~ <br />Q, <br />b <br />V <br />LtJ <br />N <br />W <br />Q <br />g <br />CERTIFICATE OF CLERIC-TREASURER <br />Mayfield, Ohio <br />November 16, 1970 <br />To the Council of the <br />Village of Mayfield, Ohio <br />The undersigned, as fiscal officer of the Villages of Mayfield, hereby <br />certifies as follows pursuant to your Resolution No. ?•~ adopted November 16, <br />1970: <br />1. The estimated life of the improvement described in said Resolution <br />is at least five years. <br />2. The maximum maturity of bonds to be issued therefor, calculated in <br />accordance with the provisions of Section 133.20 of the Ohio Revised Code, being <br />the average number of years of usefulness as measured by the weighted average of <br />the amounts proposed to be expended for the several classes of improvements, is <br />as follows: <br />(a) $75,000.00 for reconstructing the Village Hall hitherto damaged <br />by fire - 25 years, such being my estimate of the period of <br />usefulness of said building and reconstruction. <br />(b) $25,000.00 for equipping said building - 10 years, such being <br />my estimate of the period of usefulness of said equipment. <br />The weighted averages for said several classes of improvements and the maximum <br />maturity for a single issue of bonds would therefore be 21 years; but, by reason <br />of the election proceedings authorizing the issue of such bonds, the maximum <br />maturity of said bonds is limited to 20 years. <br />Respectfully submitted, <br />