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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 bonds (the Bonds) in a maximum aggregate principal amount of $255,000 to be <br />issued for the purpose of improving the City's park and recreational facilities by constructing tennis, <br />shuffieboard and basketball courts and improving playing fields, driveways and parking facilities at <br />North Olmsted Park (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements is at <br />least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Section 133.20 <br />ofthe Revised Code, is at least ten years, since each class ofthe improvements has an estimated life <br />or period of usefulness of ten years or more and bonds for each class of the improvements have a <br />maximum maturity of at least ten years, or otherwise, if and to the extent a portion of the proceeds <br />of the Bonds may be determined to be allocated to a class or classes having a maximum maturity of <br />less than ten years but in excess of five years, then the maximum maturity of the Bonds would still <br />be at least ten years by reason of a sufficient portion of the proceeds of the Bonds being allocated to <br />a class or classes having a maximum maturity, by statute or because of my estimate of the life or <br />period of usefulness, in excess of ten years, including those classes having a life or period of <br />usefulness oftwenty years. <br />Dated: February 20, 2001 ? P , ? i?' ? <br />?i <br />Director o Finance <br />City of North Olmsted, Ohio