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. -,~ <br />COUNTY AUDITOR'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />I certify that: <br />1. On February 7, 1997, there was filed with me a certified copy of Resolution No. <br />97-13, adopted February S, 1997, by the Council of the City of North Olmsted declaring the <br />necessity of issuing bonds in the amount of $4,975,000 for the purpose of constructing, <br />furnishing, equipping and otherwise improving a free public library building and preparing, <br />landscaping and otherwise improving its site and the levying of taxes outside of the 11.1-mill <br />limitation imposed by the City Charter for the payment of debt charges. <br />2. The estimated average annual property tax levy required throughout the maturity <br />of those Bonds to pay the principal of and interest on the Bonds, calculated in the manner <br />provided in Section 133.18(C) of the Revised Code, is .6054 mills for. each $1.00 of tax <br />valuation, which amounts to b.054 cents for each $100 of tax valuation. <br />3. The total tax valuation in the City used in computing the estimated average annual <br />property tax levy is $658,9b8,08b, which is the amount for the current year. <br />~~ <br />Dated: February 10, 1997 <br />ounty Auditor <br />Cuyahoga County, io <br />I acknowledge receipt, on behalf of the City, of the above certificate on February <br />-3, 1997 . <br />!rr~t,d~u..~U ~ <br />~ Clerk of Council <br />City of North Olmsted, <br />