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<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 $300,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the Recreation Center Complex by surfacing and <br />resurfacing parking areas and driveways and constructing a building to house maintenance <br />equipment therefor (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />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 at least ten years, Bonds for each class of the <br />improvements having a maximum maturity, by statute or because of my estimate of the life or <br />period of usefulness, of at least ten years. If notes in anticipation of the Bonds are outstanding <br />later than the last day of December of the fifth year following the year of issuance of the original <br />issue of notes, the period in excess of five years shall be deducted from that maximum maturity <br />of the Bonds. <br />3. The maximum maturity of the Notes is fifteen years. <br />Dated: February 15, 1994 <br />Director of Finance <br />City of North Olmsted, Ohio <br />~.r..,..~.~ rr. r m ~.. ~ ~ .~.W.~. ~,~~..~...~~ w _. ~ .~..~y.. ~,..~,~~ <br />