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• DTE FORM 130 Prescribed 9/99 O.R.C. §§133.18, 5705.03(B) CERTIFICATE OF ESTIMATED AVERAGE ANNUAL PROPERTY TAX LEVY FOR BONDS OF SUBDIVISIONS OF THE STATE The County Auditor of the County of Cuyahoga, Ohio, does hereby certify the following to the Council of the City of North Olmsted, Ohio: 1. On July _, 2000, the Council of the City of North Olmsted filed with me a certified copy of Resolution No. 2000-83, adopted July 5, 2000, declaring the necessity of issuing bonds in the aggregate principal amount of $10,750,000, and levying a tax outside the ten mill limitation for the purposes set forth in that resolution to be placed on the ballot at the November 7, 2000 election. 2. The estimated average annual properry tax levy required throughout the stated maximum maturity of those bonds to pay the interest on the bonds and retire the principal over 20 years is calculated to be mills for each one dollar of valuation, wluch amounts to cents for each one hundred dollars of valuation. 3. The total tax valuation of the subdivision used in computing the estimated average annual property tax levy is $799,435,985. County Auditor County of Cuyahoga, Ohio Dated: July _, 2000 INSTRUCTIONS l. "Total tax valuation" includes the taxable value of a11 real, personal, and public utility property in the subdivision. If the subdivision is located in more than one county, the home county auditor (where the greatest taxable value of the subdivision is located) 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, boazd, commission, or other authority authorized to request a taxing authority to submit a tax levy on its behalf. 3. in calculating the estimated average annual property tax levy, the auditor shall assume that the bonds aze 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 vear (the year in which vou are making this certification) is not vet determined the auditor sha11 estimate that valuation. In other words, the total tax valuation used for the 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 whole 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.