2006-028 Ordinance - Laserfiche WebLink

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Series I FISCAL OFFICER'S CERTIFICATE To the Council of the City of North Olmsted, Ohio: As fiscal officer of the City of North Olmsted, I certify in connection with your proposed issue of not to exceed $605,000 of bonds (the Bonds) for the purpose of refunding at a lower interest cost the $560,000 of the City's outstanding Sanitary Sewerage System Improvement Bonds, Series 2000, issued as a part of the consolidated issue of $6,845,000 Various Purpose Improvement Bonds, Series 2000, dated as of September 1, 2000, that are stated to mature on December 1, 2020 (the Refunded Bonds) and were issued for the purpose of improving the City's sanitary sewerage system by constructing sanitary sewers, force mains and pumping facilities and by constructing and reconstructing storm sewers and other storm water drainage facilities and improvements to control and limit the volume of storm water entering or otherwise affecting the sanitary sewerage system, in each case together with the necessary appurtenances and work incidental thereto (the improvements), that: 1. The estimated life or period of usefulness of the improvements was, at the time of issuance of the Refunded Bonds, at least five years. 2. The maximum maturity of the Bonds, calculated in accordance with Sections 133.20 and 133.34(A)(3) of the Revised Code, is not earlier than December 1, 2020, which is the final maturity date of the Refunded Bonds and was calculated consistently with the provisions of Section 133.20 of the Revised Code. Dated: February 7, 2006 Director of Finance City of North Olmsted, Ohio