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`f. <br />FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohio <br />July 16, 1968 <br />TO 'I'HE COUNCIL OF THE CITY OF NORTH OINLSTEDP OHIO: <br />The undersigned, as Fiscal Officer of the City of North Olmsted, <br />Ohio, as defined in R.C. Section 133.01, hereby certifies in connection with <br />your proposed issue of $23,600 bonds and bond anticipation notes for the <br />purpose of paying part of the cost of constructing, equipping and furnishing <br />a free public library building and i.mproving the site thereof, of which <br />$15,000 is proposed to be expended for constructing the library building <br />and $8,600 for equipment, flirnishings and site improvements, as follows; <br />l. That the estimated life of the property and improvements to <br />be acquired from the proceeds of said issue is hereby certified to be at <br />least five (5) years. <br />2. The maximum maturity of bonds to be issued therefor calculated <br />in accord.ance with the provisions of R.C. 133.20, being the average number <br />of years of usefulness as measured by the weighted average of the amounts <br />proposed to be expended for the several classes of improvements is as <br />follows; <br />a. $15,000 - constructing a library building - 25 years, <br />this being m4Y estimate of the period of <br />useflzlness of such building <br />b. $ 81600 - furnishings, equipment and site i.mprovements - <br />10 years <br />The weighted average of said amounts for said several classes of improvements, <br />and the maxi.mum maturity of a single issue of bonds to be issued for all of <br />said classes, is 19 years. <br />3. The maxi.mum maturity of notes issued in anticipation of such <br />bonds is five years if sold at pub lic sale, or one year if sold at private <br />sale. ? <br />W. L. rlach, Director of Finance <br />C?ty of North Olmsted