Laserfiche WebLink
Series P <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 proposed <br />issue of not to exceed $560,000 of bonds (the Bonds) to pay costs of acquiring emergency rescue <br />squad and other motor vehicles and related equipment for the City's Fire Department, that: <br />1. The estimated life or period of usefulness of the vehicles and equipment described above <br />is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is at least eight years, because each class of the vehicles and <br />equipment has, by statute or my estimate, an estimated life or period of usefulness of eight years <br />or more, and bonds for each class of the vehicles and equipment have a maximum maturity of at <br />least eight years, or otherwise, if and to the extent a portion of the proceeds of the Bonds maybe <br />determined to be allocated to a class or classes having a maximum maturity of less than eight <br />years but in excess of five years, then the maximum maturity of the Bonds would still be at least <br />eight years by reason of a sufficient portion of the proceeds of the Bonds being allocated to a <br />class or classes having a maximum maturity, by statute or because of my estimate of the life or <br />period of usefulness, in excess of eight years, including those classes having a maximum <br />maturity of ten years. <br />Dated: February 7, 2006 ~~,~~~ <br />Director of Finance <br />City of North Olmsted, Ohio <br />