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Library <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 $6,815,000 of bonds (the Bonds) for the purpose of refunding at a <br />lower interest cost the $6,815,000 of the City's outstanding Library Improvement Bonds, Series <br />2001, dated as of May 1, 2001, that are stated to mature on December 1 in 2011, 2012, 2014, 2016 <br />and 2020 (the Refunded Bonds) and were approved by the electors of the City at an election held <br />on November 7, 2000 and issued for the purpose of constructing, furnishing, equipping and <br />otherwise improving a free public library building and acquiring, preparing, landscaping and <br />otherwise improving its site (the improvements), that: <br />1. The estimated life or period of usefulness of the improvements was, at the time of <br />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, 2020, which is the <br />final maturity date of the Refunded Bonds and was calculated consistently with the provisions of <br />Sections 133.19 and 133.20 of the Revised Code. <br />Dated: February 7, 2006 <br />1~~2~LG~. <br />Director of Finance <br />City of North Olmsted, Ohio <br /> <br />