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C1 ?. <br />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 notes (the Notes) in a maximum aggregate principal amount of $202,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) for the purpose of constructing, <br />furnishing, equipping and otherwise improving an addition to the City's police station and preparing <br />and improving the site thereof (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 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 on <br />my calculation of the average number of years of life or period of usefulness of the improvement as <br />measured by the weighted average of the amounts proposed to be expended for the several classes <br />of the improvement as follows: not less than $101,000 for constructing and otherwise improving <br />the addition, thirty years; and not more than $101,000 for furnishing and equipping the addition and <br />preparing and improving its site, ten years; the weighted average is therefore at least twenty years. <br />If notes m anticipation of the Bonds aze outstanding later than the last day of December of the fifth <br />year following the year of issuance of the original issue of notes, the penod in excess of five years <br />shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is July 1, 2017. <br />Dated: June 30, 1998 ?-? ? 0, ! ?? <br />Director o Financ <br />City of North Olmsted, Ohio <br />