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<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 principal amount of $850,000, to be issued in anticipation of the <br />issuance of bonds (the Bonds) to pay costs of improving South Canterbury Road between certain <br />termini by grading, draining, widening, paving, constructing and reconstructing curbs, gutters, <br />catch basins, sanitary sewers, storm sewers, waterlines, sidewalks and driveway approaches, and <br />installing traffic signs and signalization, street lighting and related underground wiring, together <br />with the necessary appurtenances and work incidental thereto (the improvement), that: <br />1. The estimated life or period of usefulness of the improvements 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 at least twenty years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance of the <br />original issue of notes, the period in excess of five years shall be deducted from that maximum <br />maturity of the Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: November 16, 2001 0*?Ao& <br />as?? <br />Director of Finance <br />City of North Olmsted, Ohio