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~.. <br />gym.. ~~ <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 $2,000,000 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 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 <br />of notes, the period in excess of five years shall be deducted from that maximum maturity of <br />the Bonds. <br />3. The maximum maturity of the Notes is April 20, 2013, which is twenty years <br />from Apri120, 1993, the date of the original notes issued for this purpose. <br />c-°~ <br />Dated: January 4, 1994 ~-^~~v.6--L_- <br />Director of Finance <br />City of North Olmsted, Ohio <br /> <br />