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it <br />~. <br />FISCAL OF~ZCER'S CERTIFICATE <br />North Olmsted, Ohio <br />February 17, 1970 <br />TO THE COUNCIL OF THE CITY OF NORTH OLASSTED, OHIO: <br />The undersigned, 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 tht~ cast of constructing <br />the sewer improvement described in Resolution No. 69.177, adopted October 21, <br />1969 (Contract No. 15 ), as follows: <br />1. That the estimated life of the sewer improvement proposed to be <br />constructed from the proceeds of said issue is hereby certified to be at <br />least five years. <br />2. That the maxtmaam 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 issuedwill be collected over twenty years, the maximum maturity <br />of said bonds is twenty 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 private <br />sale. <br />All of which is respectfully submitted. <br />1~ <br />I <br />Dire ox of nonce <br />City of North Olmsted <br />,.. ~ ~. <br />