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? • <br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Oluo: <br />As fiscal officer of the City of North Olmsted, I certify in connection with your proposed <br />issuance of all or a portion of the $10,750,000 of bonds approved by the electors of the City at an <br />election held on November 7, 2000 for the purpose of constructing, furnishing, equipping and <br />otherwise improving a free public library building and acquiring, preparing, landscaping and <br />otherwise improving its site (the Bonds), that: <br />1. The estimated life or period of usefulness of each class of the improvements described <br />above is at least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Sections 133.19 and <br />133.20 of the Revised Code, is twenty years. That maximum maturity is based on (i) my calculation <br />of the average number of years of life or period of usefulness of the improvements as measured by <br />the weighted average of the amounts proposed to be expended for the several classes of the <br />improvements as follows: not less than $5,375,000 for constructing a free public library and <br />acquiring its site, 30 years, this being my estimate of the life or period of usefulness of these classes <br />of improvements; and not more than $5,375,000 for furnishing, equipping and making certain other <br />improvements to that library building and preparing, landscaping and otherwise improving its site, <br />10 years, this being my estimate of the life or period of usefulness of these classes of improvements; <br />the weighted average being therefore not less than twenty years; and (ii) the fact that the Bonds <br />were approved by the electors with a maximum maturity of twenty years. If notes in anticipation of <br />the Bonds are outstanding later than the last day of December of the fifth year following the year of <br />issuance of the original issue of notes, the period in excess of those five years shall be deducted <br />from that maximum maturity of the Bonds. <br />Dated; March 6, 2001 Director of Financ ? <br />City of North Olmsted, Ohio