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<br />FISCAL OF!'IC&R`S CS~RTIFICATE <br />TO Tim COtSiCIL OF TH8 CITY OF NORTH OLI~TSD, OHIO: <br /> <br />North O18<sted, Ohio <br />February 17, 1970 <br />The undersignad, as fiscal officer of the City of North Olmsted, <br />as defined by Revised Ccide Section 133.01, hereby certifies in c®anection <br />with yaur Proposed issue of notes and bonds for the purpose of paying the <br />property owaers' portion and the City's portion oP the cost of conatrutiting <br />the sewer improvement described in Resolution No. 69-1~+, adapted February ~, <br />1969 (Contract No. 16), as follows: <br />1. That the estimated life of the sewer improvement propose.cl to be <br />constructed from the proceeds of said issue is hereby certified to be at <br />least five years. <br />2. That the ~ maturity of such bonds calculated in accordance <br />with the provisions of Section 133.20 of the Revised Code would be forty yreaxs, <br />but by reason of the Pact that the assessffients in anticipation of ~rhich said <br />bonds axe to be issued will be collected over twenty years, the maximtmm maturity <br />of said bonds is twenty years. <br />3. The mauimaffi maturity of notes issued in anticipation of such <br />bonds is five years if sold at public sale, or one year if sold at private <br />sale. <br />All of which is respectfully submitted. <br />Mrecto of 1~"inanee <br />City of North Olmsted. <br /> <br />