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? <br /> <br />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 <br />proposed issue of of bonds (the Bonds) in a ma}cimum aggregate principal amount of $3,230,000 <br />for the purpose of improving certain designated streets in the City, in cooperation with Cuyahoga <br />County, the City of Westlake and the Director of Transportation of the State of Ohio and <br />otherwise, by grading, draining, widening, reconstructing the pavement base, replacing culverts, <br />preparing the surface, surfacing and resurfacing, constructing and reconstructing curbs, gutters, <br />catch basins, storm sewers, sidewalks and driveway approaches and installing traffic signs and <br />signalization, street lighting and related underground wiring, where necessary, in each case <br />together with the necessary appurtenances and work incidental thereto (the improvements), that: <br />The estimated life or period of usefulness of each class 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 ten yeazs, since each class of the improvements has an <br />estimated life or period of usefulness of ten years or more, and bonds for each class of the <br />improvements have a maximum maturity of at least ten years, 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 maximum maturity of less than ten years but in excess of five years, then the maximum maturity <br />of the Bonds would still be at least ten years by reason of a sufficient portion of the proceeds of the <br />Bonds being allocated to a class or classes having a maximum maturity, by statute or because of my <br />estimate of the life or period of usefulness, in excess of ten years, including those classes having a <br />maximum maturity of twenty years. <br />Dated: July 14, 2000 ? <br />Director of Finance <br />City of North Olmsted, Ohio <br />? :.e?: wF?roe . ?:... e???+e.a,a,. .. . ... ;..k:r?..v._ ,r+`.s*.arq+Y'aYk ..^'C`t^s?' .., . . , , . . . .. .