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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 $550,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) to pay costs of acquiring emergency rescue <br />squad and other motor vehicles and related equipment for the City's Fire Department, that: <br />1. The estimated life or period of usefulness of the vehicles and equipment described above <br />is at least 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 eight years, because each class of the vehicles and <br />equipment has, by statute or my estimate, an estimated life or period of usefulness of eight years <br />or more, and bonds for each class of the vehicles and equipment have a maximum maturity of at <br />least eight years, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be <br />determined to be aliocated to a class or classes having a maximum maturity of less than eight <br />years but in excess of five years, then the maximum maturity of the Bonds would still be at least <br />eight years by reason of a sufficient portion of the proceeds of the Bonds being allocated to a <br />class or classes having a maximum maturity, by statute or because of my estimate of the life or <br />period of usefulness, in excess of eight years, including those classes having a maximum <br />maturity of ten years. If notes in anticipation of'the Bonds are outstanaing later than the last day of <br />December of the fifth year following the year of issuance of the original issue of notes, the period in <br />excess of five years shall be deducted from that rnaximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is January 21, 2017, which is thirteen years from the <br />date of issuance of the original issue of notes. <br />Dated: March 2, 2004 <br />? <br />Director of Finance <br />City of North Olmsted, Ohio <br />