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Ordinance No. 85-63 <br />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, Ohio, I certify in <br />connection with your proposed issue of $120,000 notes (the Notes) in anticipa- <br />tion of the issuance of bonds (the Bonds) to pay costs of improving Lorain <br />Road (State Route 10) between certain termini, in cooperation with the <br />Director of Transportation of the State of Ohio, by resurfacing with asphaltic <br />concrete and reconstructing the pavement base, curbs and sidewalks, where <br />necessary, together with all necessary appurtenances thereto, that: <br />1. The estimated life or usefulness of the improvement described <br />above is at least 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. If notes in anticipation <br />of the Bonds are outstanding for a period in excess of five years from the <br />date of the original issue of notes, the period in excess of five years shall <br />be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is July 17, 2004, which is <br />twenty years from July 17, 1984, the date of the original notes issued for <br />this purpose, provided that their maximum maturity is one year if the Notes <br />are sold at private sale. <br />? <br />Dated: May 21, 1985 &,k'_,?' ? <br />Director of Finance <br />City of North Olmsted, Ohio