Laserfiche WebLink
? . ? <br />FISCAL OFFICER'S CERTIFICATE <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br />The undersigned, Director of Finance of the City of North Olmsted, <br />Ohio, as the fiscal officer thereof, hereby certifies in connection with <br />your proposed issue of notes in anticipation of the issuance of bonds for <br />the purpose of providing funds to purchase motorized vehicles and equipment <br />for the Department of Public Service, as follows: <br />1. That the estimated life of the vehicles and equipment described <br />above is hereby certified to be at least five years. <br />2. That the maximum maturity of bonds to be issued for such vehicles <br />and equipment, calculated in accordance with the provisions of Section <br />133.20, Ohio Revised Code, is S years, based upon my estimate of the period <br />of usefulness of such vehicles and equipment, provided that if notes in <br />anticipation of such bonds are outstanding for a period in excess of five <br />years from the date of the original issue, the period in excess of five <br />years shall be deducted from such maximum maturity of said bonds. <br />3. That the maximum maturity of the notes in anticipation of the <br />issuance of bonds to be issued for such vehicles and equipment is eight <br />years from the date of the original issue, to wit: July 24, 1987, provided <br />thar_ if such notes are so1d at private sale, then their rnasimurn inaturity <br />is one year. <br />Respectfully submitted, Director of r^inance <br />City of North Olmstzd, Ohio <br />Dated: April 7, 1981