Laserfiche WebLink
<br />FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohio <br />February 15, 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 Section 133.01 of the Revised Code, hereby certifies as <br />follows in connection with your proposed issue of bonds and notes for the <br />purpose of paying part of the cost of constructing a police administration <br />building and clearing, landscaping and otherwise improving the site thereof: <br />1. That the estimated life of the property and improvements <br />acquired and constructed from the proceeds of such bonds <br />and the notes issued in anticipation thereof is hereby <br />certified to be at least five years. <br />2. That the maximum maturity of bonds to be issued to pay the <br />cost of constructing such improvement, calculated in accordance <br />with Revised Code Section 133.20, and based on the allocation <br />of expenditures set forth in my previous certificate dated <br />March 20, 1973, is twenty-three years, provided that if notes <br />in anticipation of such bonds are outstanding for a period <br />in excess of five years from the date of the original issue, <br />the period thereof in excess of five years shall be deducted <br />from such maximum maturity of said bonds. <br />3. The maximum maturity of the renewal notes now proposed to be <br />issued in anticipation of such bonds is eight years from the <br />date of issuance of the original note, to wit: April 5, 1981, <br />if sold publicly, or one year if sold at private sale. <br />All of which is respectfully submitted. <br />irector of Finance <br />City of North Olmsted <br />