Laserfiche WebLink
~,-~~~' <br />FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohia <br />3 , 1971 <br />To THE c0~cn of THE CITY OF NORTH oL~BTEN, oxio: <br />The undersigned, as fiscal officer of the City of North <br />Olmsted, Ohio, as defined by R. C. Section 133.01, hereby certifies <br />in connection with yn~tr proposed issue of bonds and Hates in aatic- <br />ipation of the issue ®~ said bands far tY~ purpose of providing <br />funds to purchase certain real estate and the building thereon for <br />use by the Safety Department and. Service Dspart~ent of the City as <br />folloirs <br />1. That the esti~awttted life of the property and istpmvements <br />to be acquired from the proceeds of such bonds is hereby certified to <br />be at least five years. <br />2. The maximum maturity of such bonds calculated in accordance <br />with the provisions of Section 133.20 of the Revised Cade and the <br />weighted average of the a~unt~ proposed to be expended far said several <br />classes of imp~covements, is as follows: <br />a. $188,000 far acquiring real estate and interests <br />in real estate - 30 years. <br />b. $ 20,000 for acquiring the building thereon fax use <br />by the Safety Department and Service Depart- <br />ment of the City - 15 yearn, baisrg the <br />estimated period of life usefulness of said <br />building. <br />Slmald ymu authorize a single bend issue for all of said <br />classees, the meueixum sr<turty of said bands could not exceed such <br />weighted average of 28 years. <br />The maximum maturity of notes issued. in anticipation of such <br />bonds is five ye#rs ptrovided that if such notes are sold at private sale, <br />then their maximum msturity is one year. <br />Respectfully submitted, <br />~'i../ <br />Director o _ce <br />.: <br />,a~~~,~~..,.~ .. _ <br />