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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 connection with your <br />proposed issue of $245,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City's park and recreational facilities by <br />acquiring and installing heating, ventilating and air conditioning equipment for the Community <br />Cabin; by resurfacing with asphalt and curbing, and acquiring and installing street lighting for, <br />the Recreation Center parking lot and the driveway from Lorain Road to that parking lot; by <br />reconstructing and paving with concrete the existing walkway from Lorain Road to the <br />Recreation Center; and by draining and landscaping the Recreation Center site, all together with <br />the necessary appurtenances and work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is fifteen years, or otherwise, if and to the extent a portion <br />of the proceeds of the Bonds may be determined to be allocated to a class or classes having a <br />maximum maturity of less than fifteen years but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least fifteen years by reason of a sufficient portion of the <br />proceeds of the Bonds being allocated to a class or classes having a maximum maturity, by <br />statute or because of my estimate of the life or period of usefulness, in excess of fifteen years, <br />including those classes having a maximum maturity of twenty or thirty 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 maturity of the Bonds. <br />3. The maximum maturity of the Notes is June 24, 2013, which is twenty years <br />from June 24, 1993, the date of the original notes issued for this purpose. <br />Dated: September 19, 1994 <br />Director of Finance <br />City of North Olmsted, Ohio <br />