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000*1 DTE Fonn 130 Prescribed 9/99 Q.R.C. §§ 133.18(C), 5705.03(B) Certificate of Estimated Average Annual Property Tax Levy for Bonds of Subdivisions of the State The County Auditor of Cuyahoga County, Ohio, does hereby certify the following: 1. On July 6 , 9000 , the taxing authority of the _ city of North Olmsted (polltiCal subdivision name) certiCed a copy of its resolution adopted July 5 , 2000 , declaring the necessity of issuing bonds in the aggregate principal amount of $ 10, 750, 000 , and (evying a tax outside the ten-mill limitation for the purposes set forth in that resotution to be p(aced on the ballot at the November 7 , 2000, election. 2. The estimated average annual property tax levy required throughout the stated maximum maturity of the bonds to pay the interest on the bonds and retire the principal over 20 years is calculated to be one and One Tenth _,(1 .10 ) mills for each one dol[ar of tax valuation, which is Eleven cents ($ o• 11 ) for each one hundred dollars of tax valuation. 3. The total tax valuation of the subdivision used in calcuiating the average annual property tax levy is $ 799,435,985 ? auditor's signature INSTRUCTIONS July 7, 2000 date 1. "Total tax valuation" includes the ta;cab(e value of a(1 real, personal, and public utitity property in the subdivision. If the subdivision is located in more than one county, the horne county auditor (where the greatest taxable value of the subdivision is [ocated) shall obtain the assistance of the other county auditors to establish the total tax valuation of the subdivision. _ 2. For purposes of this certification, "subdivision" includes any agency, board, commission, or other authority authorized to request a taxing authority to submit a tax levy on its behalf. 3. [n calculating the estimated average annual property tax levy, the auditor shall assume that the bonds are issued in one series bearing interest and maturing in equal principal amounts in each year over the maximum maturity of the bonds, and that the subdivision's tax valuation for the current year remains the same throughout that period. If the tax valuation for the current year (the vear in which vou are making this certification) is not yet determined, the auditor shall estimate that valuation. In other words, the total tax valuation used for this purpose may differ from the tax valuations on the tax lists that were most recently certified for collection. 4. For purposes of this certification, we suggest you round the millage to the nearest tenth (0.1) of a mill. This insures that who[e cents will be presented here and on the ballot. 5. Please file this certificate with the subdivision as soon as possible, so the taxing authority can pass a resolution to proceed not later than 75 days before the election.