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2009 Street Improvement Program FISCAL OFFICER'S CERTIFICATE To the Council of the City of North Olmsted, Ohio: As fiscal officer of the City of North Olmsted, I certify in connection with your proposed issue of notes (the Notes) in the aggregate principal amount of $1,010,000, to be issued in anticipation of the issuance of bonds (the Bonds) to provide funds to pay costs of improving Dover Center Road between certain termini, in cooperation with Cuyahoga County, by constructing, reconstructing and rehabilitating the pavement base, storm sewers, storm water drainage structures, curbs, curb ramps and sidewalks, where necessary, preparing the surface and resurfacing with asphaltic concrete and Benwood Circle, Delmere Drive, Lebern Drive, Oakdale Drive, Southern Avenue, Twin Circle Drive, West 230' Street, West 232"a Street and Woodmere Drive between certain termini by preparing the surface and resurfacing, in each case together with the necessary appurtenances and work incidental thereto (the improvements), that: 1. The estimated life or period of usefulness of the improvements is at least five years. 2. The estimated maximum maturity of the Bonds, calculated in accordance with Section 133.20 of the Revised Code, is ten years, because each class of the improvements has, by statute or my estimate, an estimated life or period of usefulness of not less than ten years, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having an estimated life or period of usefulness of less than ten years but in excess of five years, then the maximum maturity of the Bonds would still be at least ten years by reason of a sufficient portion of the proceeds of the Bonds being allocated to a class or classes having an estimated life or period of usefulness in excess of ten years, including those classes having an estimated life or period of usefulness of fifteen years. If notes in anticipation of the Bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of those five years shall be deducted from that maximum maturity of the Bonds.. 3. The maximum maturity of the Notes is fifteen years. Dated: February 17, 2009 Director of Financ City of North Olmsted, Ohio