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2009-021 Ordinance
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2009-021 Ordinance
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1/16/2014 10:56:34 AM
Creation date
1/15/2014 7:34:13 AM
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North Olmsted Legislation
Legislation Number
2009-021
Legislation Date
2/20/2009
Year
2009
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~.:a,, <br />2009 Computer Equipment <br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the City of North Olmsted, I certify in connection with your proposed <br />issue of notes (the Notes) in the aggregate principal amount of $160,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) to provide funds to pay costs of acquiring and <br />installing computer hardware and software, together with necessary appurtenances and work <br />incidental thereto, that: <br />1. The estimated life or period of usefulness of the equipment described above is at least <br />five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is five years, being my estimate of the life or period of usefulness of <br />the equipment described above. If notes in anticipation of the Bonds are outstanding later than the <br />last day of December of the fifth year following the year of issuance of the original issue of notes, <br />the period in excess of those five years shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is ten years. <br />Dated: February 17, 2009 ~`.~~; r .~, <br />ti <br />Director of Finance <br />City of North Olmsted, Ohio <br />
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