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FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the City of North Olmsted, I certify in connection with your proposed <br />issue of notes (the Notes) in the aggregate principal amount of $2,055,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) for the purpose of improving certain designated <br />streets in the City, in cooperation with the Director of Transportation of the State of Ohio and <br />otherwise, by grading, draining, replacing sections of concrete pavement, preparing the surface, <br />resurfacing and constructing and reconstructing sidewalks, where necessary, in each case <br />together with the necessary appurtenances and work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements is at least <br />five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is fifteen years. If notes in anticipation of the Bonds are outstanding <br />later than the last day of December of the fifth year following the year of issuance of the original <br />issue of notes, the period in excess of five years shall be deducted from that maximum maturity of <br />the Bonds. <br />3. The maximum maturity of the Notes is two hundred forty months. <br />Dated: April 19, 2005 <br />�� 46 <br />Director of Finance <br />City of North Olmsted, Ohio <br />