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s <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 connec- <br />tion with your proposed issue of $1,200,000 notes (the Notes), to be issued in <br />anticipation of the issuance of bonds (the Bonds) for the purpose of improving <br />the municipal sanitary sewer system by rehabilitating and replacing sanitary <br />sewers and sanitary sewer connections, together with the necessary <br />appurtenances and work incidental thereto (the improvement), that: <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, being my <br />estimate of the life or period of usefulness of that improvement. If notes in <br />anticipation of the Bonds are outstanding later than the last day of December <br />of the fifth year following the year of issuance of the original issue of <br />notes, the period in excess of five years shall be deducted from that maximum <br />maturity of the Bonds. <br />3. The maximum maturity of the Notes is October 30, 2010. <br />Dated: May 21, 1991 ~~~ <br />rector of Finance <br />City of North Olmsted, Ohio <br />