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• '` <br />. - , ,. <br />FISCAL OFFICER'S CERTIFICATE <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br /> <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 levy and collection <br />of special assessments and of the issuance of bonds to pay the property <br />owners' portion of the cost of constructing, replacing and repairing concrete <br />sidewalks at sundry locations in the City, 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 twenty years, but because the assessments will be <br />payable over a period of 5 years, and the bonds are to be issued in <br />anticipation of the collection of such assessments, the maximum maturity <br />of such bonds is 5 years. <br />3. That the maximum maturity of the notes in anticipation of the <br />issuance of bonds to be issued for such improvement is five years from the <br />date of the original, to wit: August 1, 1982, provided that if such notes <br />are sold at private sale, then their maximum maturity is one year. <br />Respectfully submitted, <br />Director of Finance <br />City of North Olmsted, Ohio <br />Dated: June 17, 1980 <br /> <br />