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.or <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 $700,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the Recreation Center Complex by surfacing and <br />resurfacing parking areas and driveways, providing related drainage improvements and <br />constructing a building to house maintenance equipment therefor (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />is at 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 years, since bonds for each class of the <br />improvements have a life or period of usefulness, by statute or because of my estimate of the <br />life or period of usefulness, of at least ten years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance <br />of the original issue of notes, the period in excess of five years shall be deducted from that <br />maJCimum maturity of the Bonds. <br />3. The maximum maturity of the Notes is June 22, 2009, which is fifteen years <br />from June 22, 1994, the date of the original notes issued for this purpose. <br />Dated: May 16, 1995 <br />D03: [00523. DOCS.NOR05223]POC_REC_CENT_$700. <br />>..:?s. . .. ..... . . . ... . .. ?. ..m?-.a„ ?. f. .n. .,- ???,q»?s.?,r?,?., ? , , ... .. . <br /> <br />Director of Finance <br />City of North Olmsted, Ohio <br />n ? ? ??? ?,? o-???? • ? y ? ?