2003 030 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 $3,870,000 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), and installing roadway safety and message signage and signalization at the intersections of North Commons Boulevard 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), that: 1. The estimated life or period of usefulness of each of Project No. 1, Project 1Vo. 2 and Project No. 3 is at least five years. The portion-of that principal amount with respect to Project No. 1 is $3,470,000, with respect to Project No. 2 is $200,000, and with respect to Project No. 3 is $200,000. 2. The estimated maximum maturity of the Bonds, calculated in accordance with Section 133.20 of the Revised Code, is at least twenty years with respect to Project Nos. 1 and 3, and forty years with respect to Project No. 2. 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 from the date of the original notes issued with respect to such Project. Therefore, that maximum maturity is September 29, 2017 with respect to Project No. 1, and September 27, 2019 with respect to Project Nos. 2 and 3. , Director Finance Mayfiel illage, Ohio