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<br /> <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, I certify in <br />connection with your proposed issue of $85,000 notes (the Notes), to be issued <br />in anticipation of the issuance of bonds (the Bonds) to pay costs of acquiring <br />motor vehicles for use by the Department of Public Safety (the improvement), <br />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 five years, being my estimate of the <br />period of usefulness of that 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 shali be <br />deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is ten years, provided that <br />their maximum maturitq is one year if the Notes are sold at private sale. <br />Dated: July 14, 1988 ? <br />Director of Finance <br />City of North Olmst , Ohio