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<br />FISCAL OFFICERS CERTIFICATE <br />City of North Olmsted, Ohio <br />Ma.y 17, 1977 <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br />The undersigned, as fiscal officer of the City of North Olmsted, <br />Ohio, as defined by Revised Code Section 133.01, hereby certifies as follows <br />in connection with your proposed issue of bonds and notes for the purpose of <br />paying the property owners' portion of the cost of constructing, replacing <br />and repairing concrete sidewalks at sundry locations in the City: <br />1. That the estimated life of the improvements proposed to be <br />constructed from the proceeds of said issue is hereby cer- <br />tified to be at least five years. <br />2. That the maximum maturity of such bonds calculated in accor- <br />dance with the provisions of Section 133.20 of the Revised <br />Code is twenty years, but by reason of the fact that the <br />assessments anticipated by such bonds will be payable in <br />five years, the maximum maturity of the bonds is five years. <br />3. That the maximum maturity of notes issued in anticipation <br />of such bonds is five years; provided that if said notes <br />are sold at private sale, then their maximum maturity is <br />one year. <br />Directo of Finance <br />City of North Olmsted <br />