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aIY <br /> <br />FISCAL OFFICER'S CERTIl+'ICATE <br />North Olmsted, Ohio <br />March 20, 1970 <br />~ THE CE#~CIL OF TfiE CITY <br />OF N<)RTH OLMBTED, OHIO: <br />The undersigned,: as fiscal officer of the City of North Olmsted, <br />hereby certifies as follows: <br />1. The estisated life of the i~erprovement of Southern Avenue <br />by paving and constructing storm se`+ex inlets and concrete adewa7.ks <br />in secorc'lence with Resolution No. 65-278, as amended by Resolution <br />No, 66-193, is at leeaet five years. <br />2. That the maximaam maturity of bonds to be issued to pay <br />the cost of constructing such improvement calculated. in a~ceordmnce with <br />Reviaed Code Section 133.20 is tnty years, but by reason of the fact <br />that the assessments in anticipation of which said bar~Ss are to be issued <br />are to be collected over a period of ten years, the maximum maturity <br />of said bonds is ten years. <br />3. In the event notes are issued in anticipation of the <br />issuance of such bonds, the maturity of such notes may not exceed five <br />years from the date of issuance of the original note, to wit: March 28, <br />1974, if sold publicly, or one year if sold at private sale. <br />Respect submitted, <br />Direc or o ce <br />City of No h Olmsted <br />