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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 <br />proposed issue of not to exceed $3,901,000 of bonds (the Bonds) for the purpose of advance <br />refunding at a lower interest cost the $3,538,500 of the City's outstanding Street Improvement <br />: Bonds, Series 1992A, issued as a part of the consolidated issue of $11,085,000 Various Purpose <br />Bonds, Series 1992, dated as of December 1, 1992, that are stated to mature on December 1, 2012 <br />(the Refunded Bonds) and were issued to pay costs of improving certain designated streets in the <br />City's street system by grading, draining, curbing, reconstructing the pavement base, widening, <br />preparing the surface and paving, by reconstructing and rehabilitating storm sewers, sanitary <br />sewers and water mains, by constructing and reconstructing curbs, sidewalks and driveway <br />aprons, and by installing underground and above-ground wires and cables for street lighting, all <br />where necessary, 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 described above was, <br />at the time of issuance of the Refunded Bonds, at least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Sections 133.20 <br />and 133.34(A)(3) of the Revised Code, is not earlier than December 1, 2012, which is the fmal <br />maturity date of the Refunded Bonds and was calculated consistently with the provisions of Section <br />133.20 of the Revised Code. <br />?- <br />/ <br />? <br />, <br />Dated: March 6' 2001 <br />-` ? -?'`!', r 4'..:,?,+'•? <br />Directar of Finance <br />City of North Olmsted, Ohio