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l <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 $2,400,000 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, widenin <br />the surface and paving, by constructing, reconstructing and rehabilitating water mainsepweteg <br />service connections, sidewalks, driveway aprons, storm sewers, catch basins, sanitary sewers <br />and sanitary sewer service connections and by installing underground and above-ground wires <br />and cables for street lighting, all where necessary, together with the necessary appurtenances and <br />work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of each class of improvements is at <br />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 twenty 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 twenty years but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least twenty 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 twenty years, <br />including those classes having a maximum maturi of fo <br />the Bonds are outstanding later than the last day of December of the fifth year followinlpthe ear <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 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 C_ <br />Director of Finance <br />City of North Olmsted, Ohio <br />