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FINAL COST CERTIFICATE
<br />I certify that:
<br />1. Based on the actual cost and expense of constructing a road to be known as North
<br />Chagrin Commons Boulevard in Mayfield Village, from White Road at a paint approximately
<br />1,000 feet west of the intersection of White Road with S.O.M. Center Road thence south
<br />approximately 2,825 feet and terminating at a paint located at the property line of the property
<br />formerly known as the Associated Estates property and from there, a second road known as
<br />Chagrin Commons Parkview Boulevard, approximately 610 feet east and terminating at the
<br />intersection of Chagrin Commons Parkview Boulevard with S.O.M. Center Road by grading,
<br />draining, excavating, paving with concrete and constnicting a bicycle path, curbs, water mains,
<br />sanitary sewers, service connections, valves, fire hydrants, storm sewers, catch basins, manholes
<br />and vaults, together with the necessary appurtenances thereto, all as more specifically described
<br />in the petition of Progressive Casualty Insurance Company dated October 26, 1998 (the Petition)
<br />and the plans of the Village's consulting engineer, pursuant to and in accordance with Resolution
<br />No. 98-17 adopted on November 9, 1998 (the Resolution), the aggregate final cost of that
<br />improvement, including the costs specified in Section 727.08 of the Revised Code and all other
<br />necessary expenditures, will be $3,377,453,16.
<br />2. Of that cost, $1,265,801.58 is to be assessed in accordance with (i) the Petition,
<br />(ii) the Resolution and {iii) Ordinance No. 98-38 passed an November 9, 1998 (collectively, the
<br />Prior Proceedings). Pursua~ to the Prior Proceedings, the balance, being $2,111,651.58, is to be
<br />borne by Mayfield Village, Ohio.
<br />3. Any estimated special assessments set forth in the Prior Proceedings have been
<br />decreased in the same proportion as the actual Bost of the improvement to be assessed pursuant to
<br />such Prior Proceedings has been decreased from the estimated cost of the improvement to be
<br />assessed pursuant to such Prior Proceedings, all as filed prior to the adoption of the Resolution, and
<br />accordingly the revised special assessmerns for this improvement aggregate in amount
<br />$1,265,801.58. Those revised special assessments were filed by me in the office of the Clerk of the
<br />Council of this Village on or before August 21, 2000.
<br />Bated: August 22, 2000
<br />17irector of Finance
<br />Mayfield Village, Ohio
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