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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 a maximum aggregate principal amount of $290,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) to pay costs of improving the municipal water <br />distribution system by relining and otherwise improving existing waterlines, together with the <br />necessary appurtenances and work incidental thereto (the improvement), that: <br />1. The estimated life or period of usefulness of the improvement 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 twenty years, this being my estimate of the life or period of <br />usefulness of the improvement. If notes in anticipation of the Bonds are outstanding later than the <br />last day of December of the fifth year following the year of issuance of the original issue of notes, <br />the period in excess of five years shall be deducted from that maximum maturity of the Bonds. <br />3. The maXimum maturity of the Notes is twenty years. <br />Dated: April 15, 2002 <br />Director of Finance <br />City of North Olmsted, Ohio <br />