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Series E <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 not to exceed $1,935,000 of bonds (the Bonds) for the purpose of refunding at a <br />lower interest cost the $1,920,000 of the City's outstanding Sanitary Sewer Improvement Bonds, <br />Series 1996, issued as a part of the consolidated issue of $43,020,000 Various Purpose <br />Improvement Bonds, Series 1996, dated as of November 15, 1996, that are stated to mature on <br />December 1, 2016 (the Refunded Bonds) and were issued for the purpose of improving certain <br />designated streets in the City's street system by grading, draining, reconstructing the pavement <br />base, preparing the surface and surfacing and resurfacing, constructing, reconstructing and <br />rehabilitating catch basins, curbs, driveway aprons, sanitary sewers and sanitary sewer service <br />connections, sidewalks, storm sewers and water mains and water service connections and <br />installing street lighting, all where necessary, in each case together with the necessary <br />appurtenances and work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of the improvements was, at the time <br />of issuance of the Refunded Bonds, at least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Sections <br />133.20 and 133.34(A)(3) of the Revised Code, is not earlier than December 1, 2016, which is the <br />final maturity date of the Refunded Bonds and was calculated consistently with the provisions of <br />Section 133.20 of the Revised Code. <br />Dated: February 7, 2006 <br />Director of Finance <br />City of North Olmsted, Ohio <br />