2003 029 Ordinance - Laserfiche WebLink

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FISCAL OFFICER'S CERTIFICATE Mayfield Village, Ohio August 18, 2003 TO THE COUNCIL OF MAYFIELD VILLAGE, OHIO: As fiscal officer of Mayfield Village, Ohio, I certify in connection with the proposed issue of $1,030,000 of notes (the Notes) to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of 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 (the Improvement), that: 1. The estimated life or period of usefulness of the Improvement 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-five years, which estimate is based on the estimated expenditure of $780,000 for the acquisition of real estate; 30 years, and $250,000 for constxucting and lighting ball fields, 10 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 with respect to such Projects, the period in excess of those five years shall be deducted from that maximum maturity of the Bonds. 3. The maximum maturity of the Notes is twenty years. , 0//4 a 0 Director o nance " Mayfield lage, Ohio