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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 $1,360,000 of notes (the Notes), to be <br />issued in anticipation of the issuance of bonds (the Bonds) and the levy and <br />collection of special assessments to pay costs of improving North Olmsted <br />Industrial Parkway between certain termini by grading, draining, curbing, <br />paving and constructing a water main and storm and sanitary sewers, together <br />with the necessary appurtenances 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 at least twenty years and because the <br />special assessments will be payable over a period of twenty years, and the <br />Bonds are to be issued in anticipation of the collection of those special <br />assessments, the maximum maturity of the Bonds is twenty years. <br />3. The maximum maturity of the Notes is five years, provided that <br />their maximum maturity is one year if the Notes are sold at private sale. <br />Dated: June 9, 1988 <br />Director of Finance <br />City of North Olmste , Ohio