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~~'"* <br /> <br />2008 Street Improvement Program <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 $900,000, to be issued in <br />anticipation of the issuance of bonds (the Bonds) for the purpose of improving Clague Road and <br />certain other designated streets in the City by preparing the surface and resurfacing with <br />asphaltic concrete, together with the necessary appurtenances and work incidental thereto (the <br />improvement), that: <br />1. The estimated life or period of usefulness of the improvement is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is ten years, being my estimate of the life or period of usefulness of <br />the improvement. If notes in anticipation of the Bonds are outstanding later than the last day of <br />December of the fifth year following the year of issuance of the original issue of notes, the period in <br />excess of those five years shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is April 4, 2023, which is the date fifteen years <br />after the date of issuance of the original issue of notes. <br />Dated: February 17, 2009 (~, <br />Director of Finance <br />City of North Olmsted, Ohio <br />