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~~ ~~~~ ..__,~ m. ~,,..~ .u~ .. <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 $100,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City Administration Complex by renovating, <br />remodeling, rehabilitating and otherwise improving the Town Hall therein and constructing a <br />canopy to cover the fuel pump island on the site thereof, together with necessary appurtenances <br />and work incidental thereto, that: <br />1. The estimated life or period of usefulness of each class of the 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 fifteen 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 fifteen years but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least fifteen 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 fifteen years, <br />including those classes having a maximum maturity of twenty 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 twenty years. <br />~~ ~_~~ <br />Dated: February 15, 1994 <br />Director of Finance <br />City of North Olmsted, Ohio <br />