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2004-035 Ordinance
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2004-035 Ordinance
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Last modified
1/9/2014 3:58:26 PM
Creation date
12/30/2013 9:31:45 AM
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North Olmsted Legislation
Legislation Number
2004-035
Legislation Date
3/2/2004
Year
2004
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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 $400,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) to pay costs of acquiring and installing <br />computers and related equipment and software for financial and administrative systems <br />management (the equipment), that: <br />1. The estimated life or period of usefulness of the equipment 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 five years, being my estimate of the life or period of usefulness of <br />the equipment. If notes in anticipation of the Bonds are outstanding 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 maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is June 18, 2013, which is ten years from the date of <br />issuance of the original issue of notes. <br />Dated: March 2, 2004 <br />00-AA x ?&' 6 Lv <br />Director of Finance <br />City of North Olmsted, Ohio <br />,
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