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1~ ,~,~ <br />FISCAL C7FFICER'S CERTIFICATE <br />North Olmsted, Ohio <br />march lo, lg7o <br />TO THE COUNCIL OF TSE CITY <br />OF NORTH OLMSTE]3, OgIO: <br />The undersigned as fiscal officer of the City of North Olmsted, <br />hereby certifies as follows: <br />1. The estimated life of the sewer improvement described in <br />Resolution No. 68.12, adopted September 3, 1868 (Contract 12) is at <br />least five years. <br />2. That the maximum maturity of bonds to be issued to pay the <br />property owners' portion of the cost of constructing such impxc3vet~nt <br />calculated in accordance with Revised Code Section 183...20 is forty <br />years, but by mason of the fact that the assessments in anticipation <br />of which said bonds are to be issued are to be collected over a period <br />of twenty years, the maximum maturity of said bonds is twrsnty years. <br />3. In the event notes are issued in anticipation of the issuance <br />of such bonds the maturity of such notes may not exceed five years frca~: <br />the date of issuance of the original note, to wit: March 28, 197, if <br />sold publicly, or one year if sold at private sale. <br />Respectfully submitted, <br />ty of North Olmsted <br />~. _, . <br />