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? <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 proposed <br />issue of notes (the Notes) in a maximum aggregate principal amount of $1,325,000, to be issued <br />in anticipation of the issuance of bonds (the Bonds) to pay costs of improving certain designated <br />streets in the City by grading, draining, widening, reconstructing the pavement base, preparing <br />the surface, surfacing and resurfacing, constructing and reconstructing curbs, gutters, catch <br />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 />1. The estimated life or period of usefulness of each class of the improvements is at least <br />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 ten years, 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 deternuned to be allocated to a class or classes having <br />a maximum maturity of less than ten years but in excess of five yeazs, then the maximum maturity <br />of the Bonds would still be at least ten yeazs 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 yeazs, including those classes having a <br />maximum maturity of twenty years. If notes in anticipation of the Bonds are outstanding later than <br />the last day of December of the fifth year following the year of issuance of the original issue of <br />notes, the period in excess of five years shall be deducted from that maximum maturity of the <br />Bonds. <br />3. The maximum maturity of the Notes is fifteen years. <br />Dated: May 1, 2000 0044 6 <br />Director of Finance <br />City of North Olmsted, Ohio <br />