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FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the City of North Olmsted, I certify in <br />connection with your proposed issue of $145,000 notes (the Notes), to be <br />issued in anticipation of the issuance of bonds (the Bonds) to pay costs of <br />improving tl~e municipal sewerage system by acquiring, constructing and <br />installing storm sewers, storm water retention basins, storm water drainage <br />control equipment and catch basins, together with the necessary appurtenances <br />thereto (the improvement), that: <br />1. The estimated life or usefulness of the improvement is at least <br />five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is twenty years, being my estimate of the <br />period of usefulness of the improvement. If notes in anticipation of the <br />Bonds are outstanding for a period in excess of five years from the date of <br />the original issue of notes, the period in excess of five years shall be <br />deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is twenty years, provided that <br />their maximum maturity is one year if the Notes are sold at private sale. <br />--~, /~ / <br />Dated: April 17, 1989 ~~~~~a! ,/ C <br />Director of Finance <br />City of North Olmsted, Ohio <br />