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<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 $500,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City's storm water drainage system by <br />rehabilitating and improving an existing storm water culvert located under South Barton Road <br />approximately 1,700 feet south of Lorain Road, related underground storm water retention basins <br />and related open storm water drainage ditches and acquiring interests in real estate therefor, <br />together with the necessary appurtenances and work incidental thereto, that: <br />1. The estimated life or period of usefulness of each class of improvements <br />described above 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 thirty 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 thirty years but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least thirty 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 thirty years, <br />including those classes having a maximum maturity of forty years. If notes in anticipation of <br />the 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 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 ~~---~-- <br />Director of Finance <br />City of North Olmsted, Ohio <br />