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.~•, r,~ <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 $55,000 notes (the Notes), to be issued in anticipation of the issuance of bonds <br />(the Bonds) for the purpose of renovating, rehabilitating and otherwise improving Town Hall, <br />together with the necessary appurtenances 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 twenty years, being my estimate of the life or period of <br />usefulness of that improvement. 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 five years shall be deducted from that maximum maturity of the <br />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: March 1, 1994 ~' ~`f <br />Director of Finance <br />City of North Olmsted, Ohio <br />