1995 014 Ordinance - Laserfiche WebLink

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FISCAL OFFICER'S CERTIFICATE Mayfield Village, Ohio March 20, 1995 TO THE COUNCIL OF HAYFIELD VII,LAGE, OHIO: As fiscal officer of Mayfield Village, Ohio, I certify in connection with the proposed issue of notes (the Notes) to be issued in anticipation of the issuance of bonds (the Bonds) to pay costs of improving, m cooperation with Cuyahoga County, the intersection of S.O.M. Center Road and Highland Road by widening, constructing turning lanes, paving and installing traffic signalization, guardrails, curbs, gutters and storm sewers and other drainage facilities, together with necessary appurtenances thereto, that: 1. The estimated life or period of usefulness of the improvement described above is at least five years. 2. The estimated maximum maturity of the Bonds calculated in accordance with Section 133.20 of the Revised Code is at least twenty years, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be determined to be allocated to a category or categories having a maximum maturity of less than twenty years but in excess of five years, then the maximum maturity of the Bonds would still be at least twenty years by reason of a sufficient portion of the proceeds of the Bonds allocated to a category or categories having a maximum maturity, by statute or because of my estimate of the period of usefulness, in excess of twenty years, including the category having a maximum maturity of forty years. If notes in anticipation of the Bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of five years shall be deducted from that maximum maturity of the Bonds. 3. The maximum maturity of the Notes is March 24, 2014. . /,G~ Direct of Finance Mayfield Village, Ohio