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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 $1,065,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) to pay costs of improving certain designated <br />streets in the City, in cooperation with Cuyahoga County and otherwise, by grading, draining, <br />widening, replacing sections of concrete pavement, preparing the surface and surfacing and <br />resurfacing, and constructing and reconstructing sidewalks, manholes, catch basins and driveway <br />approaches, where necessary, in each case together with the necessary appurtenances and work <br />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 at least ten years, since each class of the improvements has an <br />estimated life or period of usefulness of ten years or more and bonds for each class of the <br />improvements have a maximum maturity of at least ten years, or otherwise, if and to the extent a <br />portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having <br />a maximum maturity of less than ten years but in excess of five years, then the maximum maturity <br />of the Bonds would still be at least ten years by reason of a sufficient portion of the proceeds of the <br />Bonds being allocated to a class or classes having a maximum maturity, by statute or because of my <br />estimate of the life or period of usefulness, in excess of ten years, including those classes having a <br />life or period of usefulness of 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 May 4, 2019, which is fifteen years from the <br />date of issuance of the original issue of notes. <br />Dated: April 5, 2005 ou"...6 <br />Director of Finance <br />City of North Olmsted, Ohio <br />