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, ?. <br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscai officer of the City of North Olmsted, I certify in connection with your <br />proposed issue of bonds (the Bonds) in a maximum aggregate principal amount of $1,010,000 for <br />the purpose of improving the City's park and recreational facilities by remodeling, renovating, <br />rehabilitating and otherwise improving the Recreation Center (the improvements), that: <br />1. The estimated life or period of usefulness of each ciass of the improvements is at <br />least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is at least twenty years, since each class of the improvements has an <br />estimated life or period of usefulness of twenty years or more and bonds for each class of the <br />improvements have a maximum maturity of at least twenty yeazs, 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 maYimum maturity of less than tweniy yeazs but in excess of five years, then the maxiznum <br />maturity of the Bonds would still be at Ieast twenty years by reason of a suff cient portion of the <br />proceeds of the Bonds being allocated to a class or ciasses having a maximum maturity, by statute <br />or because of my estimate of the life or period of usefulness, in excess of twenry years, inctuding <br />those classes having a life or period of usefulness of thirty years. <br />Dated: July 14, 2000 (??:8 0-,q ii," <br />Director of Finance <br />City of North Olmsted, Ohio <br />