95-072 Ordinance - Laserfiche WebLink

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v ? FISCAL OFFICER'S CERTIFICATE To the Council of the City of North Olmsted, Ohio: As fiscal officer of the City of North Olmsted, I certify in connection with your proposed issue of $3,360,000 notes (the Notes), to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of constructing, furnishing and equipping a fire station and acquiring, preparing, improving and equipping its site (the improvements), that: 1. The estimated life or period of usefulness of each class of improvements is at least five years. 2. The estimated maximum maturity of the Bonds, calculated in accordance with Section 133.20 of the Revised Code, is twenty years, since each class of the improvements has an estimated life or period of usefulness of twenty years or more, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having a life or period of usefulness of less than twenty years but in excess of five years, then the maximum maturity of the Bonds would still be at least twenty years by reason of a sufficient portion of the proceeds of the Bonds being allocated to a class or classes having a life or period of usefulness, by statute or because of my estimate of the life or period of usefulness, in excess of twenty years, including those classes having a life or period of usefulness of thirty years. If notes in anticipation of the Bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of five years shall be deducted from that maximum maturity of the Bonds. 3. The maximum maturity of the Notes is June 24, 2013, which is twenty years from June 24, 1993, the date of the original notes issued for this purpose. Dated: May 16, 1995 Director of Finance City of North Olmsted, Ohio D03: [00523. DOCS. NOR05223]FOC_FIRE_STATION_$400.