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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 $500,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of rehabilitating and improving an existing storm water <br />culvert located under South Barton Road approximately 1700 feet south of Lorain Road, <br />related underground storm water retention basins and related open storm water drainage <br />ditches and acquiring interests in real estate therefor, 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 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 forty years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance <br />of the original issue of notes, the period in excess of five years shall be deducted from that <br />maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: April %S , 1993 <br />Direc or of Finance <br />City of North Olmsted, Ohio