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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 $670,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City's storm water drainage system by <br />constructing, reconstructing and otherwise improving storm sewers, culverts, retention basins <br />and other storm water drainage facilities, together with the necessary appurtenances and work <br />incidental thereto (the improvements), that: <br />l. The estimated life or period of usefulness of the improvements is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is forty years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year followmg the year of issuance <br />of the original issue of notes, the period in excess of five years shall be deducted from that <br />maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: May '3, 1995 <br /> <br />Director of Finance <br />City of North Olmsted, Ohio <br />D03: [00523. DOCS.NOR05223]FOC_NM_STORM_SWR. 670 <br />,;?s•?xs.m?.::,?„-?r?.:??*sae,w: .. _:.. . _ . . . . .. ?. :._?E,??;?N-.-. ?... . ?riw=<q.a? t ?; . <br />i