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., <br />~~ -_ /.~~ <br />FISCAL OFFICER'S CERTIFICATE <br />TO THE COUNCIL OF THE CITY OF NORTH OI~STED~ Offi0; <br />North Olmsted, Ohio <br />December 1, 1970 <br />The undersigned, as fiscal officer of the City of North Olmsted, <br />Ohio, as defined by Revised Code Section 133.01, hereby certifies in <br />connection with your proposed issue of notes and bands for the purpose <br />of paying the property owners' portion of the cost of improving certain <br />streets in the Bretton Ridge Subdivision by eonstru.cting concrete side <br />walks in accordance with Resolution No. 70-126, adopted July 21, 1970, <br />as follows: <br />1. That the estimated life of the property proposed to be acquired <br />from the proceeds of said issue is hereby certified to be at least five <br />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 is twenty years, <br />but by reason of the fact that the assessments to pay the property <br />owners' portion of the cost of said improvement will be levied for five <br />years, the maximum maturity of such bands may not exceed five years. <br />3. The maximum maturity of notes issued. in anticipation of such <br />bonds is five years if sold at public sale, or one year if sold at <br />private sale. <br />All of which is respectfully subanitted, <br />i <br />i <br />Direc or of finance <br />City of North Olmsted <br />i <br />