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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 $200,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of constructing, furnishing, equipping and otherwise <br />improving an addition to the City's police station and preparing and improving the site thereof <br />(the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />is at least five years. <br />2. The estimated maximum maturity of the Notes, calculated in accordance with <br />Section 133.20 of the Revised Code, is at least twenty years. That maximum maturity is based <br />on my calculation of the average number of years of life or period of usefulness of the <br />improvement as measured by the weighted average of the amounts proposed to be expended for <br />the several classes of the improvement as follows: not less than $100,000 for constructmg and <br />otherwise improving the additian, thirty years; and not more than $100,000 for furnishing and <br />equipping the addition and preparing and improving its site, ten years; the weighted average is <br />therefore at least twenty years. If notes in anticipation of the Borxls are outstanding later than <br />the last day of December of the fifth year following the year of issuance of the original issue of <br />notes, the period in excess of five years shall be deducted from that maximum maturity of the <br />Bonds. <br />3. The maximum maturity of the Notes is twenty years. <br />Dated: April 11, 1997 <br />Director of Finance <br />City of North Olmsted, Ohio <br />