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t =°? <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 notes (the Notes) in a maximum aggregate principal amount of $1,100,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) for the purpose of improving certain <br />designated streets in the City, in cooperation with Cuyahoga County, the City of Westlake and the <br />Director of Transportation of the State of Ohio and otherwise, by grading, draining, curbing, <br />reconstructing the pavement base, preparing the surface, surfacing and resurfacing and installing <br />street lighting and related underground wiring, in each case together with the necessary <br />appurtenances and work incidental thereto, that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />described above is at least five years. <br />2. The estimated maYimum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is at least ten years, since each class of the improvements has <br />an 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 atherwise, 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. 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 />Aq n ??%? ?Dated: February 16, 1999 1 ? <br />Director of Finance v <br />City of North Olmsted, Ohio <br />rµ ...?.?.,??, . .