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?- <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 connection with your <br />proposed issue of $2,250,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving certain designated streets in the City's street <br />system by grading, draining, curbing, reconstructing the pavement base, widening, preparing <br />the surface and paving, by constructing, reconstructmg and rehabilitating water mains, <br />sidewalks, driveway aprons, storm sewers, catch basins, sanitary sewers and sanitary sewer <br />connections, and by installing underground and above-ground wires and cables for street <br />lighting, all where necessary, together with the necessary appurtenances and work incidental <br />thereto (the improvement), that: <br />1. The estimated life or period of usefulness of the improvement is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is twenty years, or otherwise, if and to the extent a <br />portion of the proceeds of the Bonds may be determined to be allocated to a class or classes <br />having a maximum maturity of less than twenty years but in excess of five years, then the <br />maximum maturity of the Bonds would still be at least twenty years by reason of a sufficient <br />portion 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 usefulness, in excess of <br />twenty years, including those classes having a maximum maturity of forty years. If notes in <br />anticipation of the Bonds are outstanding later than the last day of December of the fifth year <br />following the year of issuance of the original issue of notes, the period in excess of five years <br />shall be deducted from that maximum maturiry of the Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: April /s' , 1993 <br />Director of Finance <br />City of North Olmsted, Ohio <br />