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s <br />. .~- <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 connection with your <br />proposed issue of $345,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of acquiring and installing computer equipment, including <br />networking hardware and software, personal computer work stations, printers, software and <br />cables, together with the necessary appurtenances thereto (the equipment), that: <br />1. The estimated life or period of usefulness of each class of equipment is at least <br />five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is nine 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 nine years but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least nine 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 nine years, <br />including those classes having a maximum maturity of ten years. If notes in anticipation of the <br />Bonds are outstanding later than the last day of December of the fifth year following the year <br />of issuance of the original issue of notes, the period in excess of five years shall be deducted - <br />from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is November 23, 2007, which is fourteen <br />years from November 23, 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 />