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<br />1/- ~7 <br />FISCAL OFFTC~ER'S CERTIFICATE <br />North 07.msted, Ohio <br />February 16, 1971 <br />TO THE COUNCIL OF THE CITY OF NORTH OL1~STED, OHIO: <br />The undexsigned, as fiscal officer of the City of North Olmsted, <br />as defined by Revised Code Section 133.01, hereby certifies in connection <br />with your proposed issue of notes and bonds for the purpose of paying the <br />property owners' portion and the City's portion of the cost of constructing <br />the sewer improvement described in Resolution No. 69-14, adopted February ~+, <br />1969 (Contract No. 16), as follows: <br />1. That the estimated life of the sewer improvement proposed to <br />be constructed from the proceeds of said issue is hereby certified to be at <br />least five years. <br />2. That the maximum maturity of such bonds calculated in accordance <br />with the provisions of Section 133.20 of the Revised Code would be forty years, <br />but by reason of the fact that the assessments in anticipation of which said <br />bonds are to be issued will be collected over twenty years, the maximum maturity <br />of said bonds is twenty years . <br />3. In the event notes are issued in anticipation of the issuance of <br />such bonds the maturity of such notes may not exceed five years from the date <br />of issuance of the original notes, namely, March 12, 1975, if sold publicly, <br />or one year if sold at private sale. <br />A1.1 of which is respectfully submitted. <br />• <br />Director Finance <br />City of orth Olmsted <br /> <br />