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<br />FISCAL OFFICER'S CERTMCATE <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 $2,025,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the municipal sanitary sewer system by <br />constructing, reconstructing, rehabilitating and replacing sanitary sewers and sanitary sewer <br />connections and constructing a retention basin for a lift station, together with the necessazy <br />appurtenances and work 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 twenty years, being my estimate of the life or period of <br />usefulness of the improvements. 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 twenty years. <br />Dated: May 9, 1995 <br />D03: [00523. DOCS.NOR05223]FOC_NM_SAN_SWR_2.025 <br /> <br />Director of Finance <br />City of North Olmsted, Ohio <br />