Laserfiche WebLink
. ,-- <br />FISCAL OFFICER'S CERTIFICATE <br />North Olmsted, Ohio <br />Cam'` ~~~~ ~ 1976 <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 providing funds to purchase certain real estate and the building <br />thereon as a site for the expansion of the City Building Complex: <br />1. That the estimated life of the property acquired from <br />the proceeds of such bonds and the notes issued in <br />anticipation thereof is hereby certified to be at least <br />five years. <br />2. That the maximum maturity of bonds to be issued to pay the <br />cost of acquiring such property, 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 />May 15, 1973, is twenty-five 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: June 6, 1981, <br />if sold publicly, or one year if sold at private sale. <br />All of which is respectfully submitted. <br />~; <br />irector of Finance <br />ity of North Olmsted <br /> <br />