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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 connec- <br />~ti.io,•? with your proposed issue of $1,400,000 notes (the Notes), to be issued in <br />anticipation of the issuance of bonds (the Bonds) to pay costs of renovating, <br />remodeling, rehabilitating, furnishing, equipping and otherwise improving the <br />municipal recreation center and improving and equipping its site, that: <br />1. The estimated life or period of usefulness of each class of the <br />improvements described above is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accor- <br />dance with Section 133.20 of the Revised Code, is ten years or more, since <br />under that Section bonds for each such class of improvements would have a <br />maximum maturity of not less than ten years and that maximum maturity would <br />not exceed the estimated life or period of usefulness of any such class of <br />improvements. If notes in anticipation of the Bonds are outstanding for a <br />period in excess of five years from the date of the original issue of notes, <br />the period in excess of five years shall be deducted from that maximum maturi- <br />ty of the Bonds. <br />3. The maximum maturity of the Notes is June 5, 2005. <br />Dated : (~~~ y ~ 1991 ~ ~-- ' ~~" <br />~ector of Finance <br />City of North Olmsted, Ohio <br />