1999 029 Ordinance - Laserfiche WebLink

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FISCAL OFFICER'S CERTIFICATE Mayfield Village, Ohio September 13, 1999 TO THE COUNCIL OF HAYFIELD VILLAGE, 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 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, 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 20 years, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having a maximtun maturity of less than 20 years but in excess of five years, then the maximum maturity of the Bonds would still be at least 20 years by reason of a sufficient portion of the proceeds of the Bonds being allocated to a class or classes having a maximum maturity, by statute or because of my estimate of the period of usefulness, in excess of 20 years, including those classes having a maximlun maturity of 30 years. 3. The maximum maturity of the Notes is 240 months from September 29, 1997. Director of Fi ce Mayfield Village, Ohio Library: Cleveland; Document#: 158441v1