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68-123 Ordinance
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68-123 Ordinance
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Last modified
1/11/2014 11:24:55 AM
Creation date
12/11/2013 4:07:08 AM
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North Olmsted Legislation
Legislation Number
68-123
Legislation Date
7/16/1968
Year
1968
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<br />FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohio <br />July 16, 1968 <br />TO THE COZJNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <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. 68-84, adopted May 21, 1968 (Contract No. 11), is at <br />least five years. <br />2. That the maximum maturity of bonds to be issued for the <br />construction of such improvement calculated in accordance with Re- <br />vised Code Section 133.20 would be forty years, but by reason of <br />the assessments in anticipation of which said bonds are to be issued <br />being collected over twenty years, the maximum maturity of said bond.s <br />is twenty years. <br />3• The maximum maturity of notes issued in anticipation of <br />such bonds is five years if sold at public sale, or one year if sold <br />at private sale. <br />Respectfully submitted, <br />^ ?r' > <br />Direct r of Finance <br />City 4 North Olmsted
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