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r~°" <br />. ~~, <br />FISCAL OFFICER'S CERTIFICATE <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br />The undersigned, Director of Finance of the City of North Olmsted, <br />Ohio, as the fiscal officer thereof, hereby certifies in connection with <br />your proposed issue of notes in anticipation of the issuance of bonds for <br />the purpose of providing funds to purchase motorized vehicles and equipment <br />for the Department of Public Service, as follows: <br />1. That the estimated life of the improvement described above is <br />hereby certified to be at least five years. <br />2. That the maximum maturity of bonds to be issued for such <br />improvement, calculated in accordance with the provisions of Section 133.20, <br />Ohio Revised Code, is 5 years, provided that if notes in anticipation of <br />such bonds are outstanding for a period in excess of five years from the <br />date of the original issue, the period in excess of five years shall be <br />deducted from such maximum maturity of said bonds. <br />3. That the maximum maturity of the notes in anticipation of the <br />issuance of bonds to be issued for such improvement is eight years from <br />the date of the original issue, to wit: July 24, 1987, provided that if <br />such notes are sold at private sale, then their maximum maturity is one <br />year. <br />Respectfully submitted, <br />Director of Finance <br />City of North Olmsted, Ohio <br />Dated: June 17, 1980 <br />