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~. <br />,~ ~ • y <br />~,~ .~ <br />FISIAL f}l~+'' ~ CE~tTIFICATE <br />forth Olmsted, Ohio <br />March 20, 1973 <br />TO Tim COt~CIL OF TAE C13'Y t3P" H~tTH OIig3TED, OHIO: <br />~e undersigned, as fiscal officer of the City of Morth Olmsted, hereby cer- <br />tifies as follows: <br />1. The estimated life of the imi-rov~ents described in ymu' proposed ordi- <br />nance autheriziag the issuance of ~-60,000 of bond anticipation ac+tes for the <br />police ministration building is hereby certified to be at least five yrs. <br />~. ~e msati~ maturity of the ,OOO of bonds to be issued therefor, <br />calculated in acctordance withhte tsaioas sed to b expended for~sa, ~s+s'a~1-~ <br />and the weighted average oft P ~ <br />classes of improvements is as follows: <br />a. $x+00,000 for the construction of the police adminis- <br />tration building, 25 yew's, this being ~ estimate of <br />the period of usefulness of such building. <br />b. $60,000 for clearing, landscaping and otherwise improving <br />the site of the police ac'~inistration building, 10 years. <br />e. The weighted average of the amounts proposed to be ex- <br />pended for said several classes is 23 years. <br />Should you authorise a single bow issue for all of said <br />classes, the ~ maturity of said bonds could not exceed <br />such weighted average of 23 years. <br />3. Ia the eve~st notes are issued in anticipation of the issuance of at~eh <br />bonds, the maturity crF such notes may not a f~;iva~tersale. the Bate of <br />issuance if sold publicly, or one year <br />All of rich is respectfully submitted. <br />. ~, <br />e <br />City of forth Olmsted <br />