2004 035 Ordinance - Laserfiche WebLink

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FISCAL OFFICER'S CERTIFICATE Mayfield Village, Ohio August 16, 2004 TO THE COUNCIL OF HAYFIELD VILLAGE, OHIO: As fiscal officer of Mayfield Village, Ohio, I certify in connection with the proposed issue of $4,500,000 of notes (the Notes) to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of acquiring certain real estate together with the existing buildings and other structures located thereon and any related equipment and certain other real estate for recreational purposes (Project No. 1), constructing facilities for storm water management and wetlands preservation (Project No. 2), installing roadway safety and message signage and signalization at the intersections of North Commons Boulevazd and White Road, Parkview Drive and S.O.M. Center Road, White Road and S.O.M. Center Road and Sandalwood Drive and S.O.M. Center Road (Project No. 3), and improving the parks and recreation system of the Village by acquiring certain real estate, constructing and lighting ball fields, together with the necessary appurtenances thereto, and otherwise improving that system (Project No. 4), that: 1. The estimated life or period of usefulness of each of the Projects is at least five years. ,1 ~ „ 2. The estimated maximum maturity for each portion of the Bonds which is to be allocated to each of these Projects, calculated in accordance with Section 133.20 of the Revised Code and based upon my estimate of the period of usefulness of each of these Projects, and in accordance with the fiscal officer's certificates originally and subsequently filed with respect thereto, is as follows: Project Dollars Mazimum Number Allocated Maturity of Bonds 1 $3,250,000 18 years 2 175,000 40 years 3 175,000 20 yeazs 4 900,000 25 years If notes in anticipation of the Bonds with respect to such Project have been outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes with respect to such Project, the maximum maturity of the Bonds with respect to such Project set forth above has already been reduced by the period in excess of those five yeazs. 3. The maximum maturity for each portion of the Notes which is to be allocated to each of these Projects is as follows: Project Date of Original Issuance of Mazimum Maturity of Number Bond Anticipation Notes Bond Anticipation Notes 1 September 29, 1997 September 29, 2017 2 September 27, 1999 September 27, 2019 3 September 27, 1999 September 27, 2019 4 September 16, 2003 September 16, 2023 <~r„~ ' Director Finance Mayfie Village, Ohio ..r