Laserfiche WebLink
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 $6,975,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the municipal sanitary sewer system by <br />constructing, reconstructing, rehabilitating and replacing sanitary sewers and sanitary sewer <br />connections and by improving and equipping the wastewater treatment plant, together with the <br />necessary appurtenances and work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of the improvements 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, being my estimate of the life or period of <br />usefulness of the improvements. If notes in anticipation of the Bonds are outstanding later than <br />the last day of December of the fifth year following the year of issuance of the original issue of <br />notes, the period in excess of those five years shall be deducted from that maximum maturity <br />of the Bonds. <br />3. The maximum maturity of the Notes is October 30, 2010, which is twenty . <br />years from October 30, 1990, the date of the original notes issued for this purpose. <br />~ ~~ <br />Dated: September 19, 1994 <br />Director of Finance <br />Ciry of North Olmsted, Ohio <br />