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eo - %' Y <br />FISCAL OFFICER'S CBRT7FICATE <br />North 03msted, Ohio <br />June 1, 1971 <br />TO THE COUNCIL OF THE CITY OF 19K3RTti OLidS'1'~, OHIO: <br />The undersigned, as fiscal officer of the City of North Olmsted, <br />Ohio, as defined by R. C. Section 133.01, hereby certifies in connection with <br />your groposed issue of bonds and notes in anticipation of the issuance of said <br />bonds for the purpose of providing funds to purchase certain real. estate and <br />the building thereon for use by the Safety Depaz~ent and Service Department <br />of the City as follows: <br />1. That the estimated life of the property and improvements to be <br />acquired from the proceeds of such bonds is hereby certified to be at least <br />five years. <br />2. The maximum maturity of such bonds calculated in accordance with <br />the provisions of Section 133.20 of the Revised Code and the weighted average <br />of the amounts proposed to be expended for said several classes of improvements, <br />is as follows: <br />a. $7.85,000 for acquiring real estate and interests in real <br />estate - 30 years. <br />b. $20,000 -for acquiring the building thereon for use by the <br />Safety Department acid Service Department of the <br />City - 15 years, being the estimated period of <br />life usefulness of said building. <br />Should you authorize a single bond issue for all of said classes, <br />the maximum maturity of said bonds could not exceed such weighted average <br />of 28 years. <br />The maximum maturity of notes issued in anticipation of such bonds <br />is five years provided that if such notes are sold at private sale, then <br />their maximum maturity if one year. <br />Respectfu]1y submitted, <br />~~, rector o ` e <br /> <br />