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4,1, <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 notes (the Notes) in a maximum aggregate principal amount of $300,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) for the purpose of remodeling, <br />renovating, rehabilitating and otherwise improving the City's Springvale Golf Course and Ballroom <br />Facility, and providing pazking and other related site improvements therefor (the improvements), <br />that: <br />1. The estimated life or period of usefulness of each class of the improvements is at <br />least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is at least ten yeazs. That maximum maturity is based on my <br />estimate and calculation of the average number of years of life or period of usefulness of each class <br />of improvement being at least ten years. If notes in anticipation of the Bonds aze outstanding later <br />than the last day of December of the fifth yeaz 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: July 30, 1999 00M?j , <br />Director of Fuiance <br />City of North Olmsted, Ohio <br />