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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 />tion with your proposed issue of $2,300,000 notes (the Notes), to be issued in <br />anticipation of the issuance of bonds (the Bonds) for the purpose of improving <br />certain designated streets in the City's street system by grading, draining, <br />curbing, reconstructing the pavement base, widening, preparing the surface and <br />paving, by constructing, reconstructing and rehabilitating storm sewers, <br />sanitary sewers and water mains, by reconstructing curbs, sidewalks and <br />driveway aprons, by acquiring and installing signals, signs and other <br />equipment and devices to direct and control traffic and by installing <br />underground wires and cables for street lighting, all where necessary, <br />together with the necessary appurtenances and work incidental thereto. <br />1. The estimated life or period of usefulness of the improvement is <br />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 twenty years, or otherwise, <br />if and to the extent a portion of the proceeds of the Bonds may be determined <br />to be allocated to a class or classes having a maximum maturity of less than <br />twenty years but in excess of five years, then the maximum maturity of the <br />Bonds would still be at least twenty years by reason of a sufficient portion <br />of the proceeds of the Bonds allocated to a class or classes having a maximum <br />maturity, by statute or because of my estimate of the life or period of <br />usefulness, in excess of twenty years, including those classes having a <br />maximum maturity of forty years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth gear following <br />the year of issuance of the original issue of notes, the period in excess of <br />five years shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: June 4, 1991 -Ti~-^- `'T /~~- <br />rector of Finance <br />City of North Olmsted, Ohio <br />