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<br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the Ciiy of North Oimsted, I certify in connection with your <br />proposed issue of notes (the Notes) in a maxirnum aggregate principal amount of $266,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) for the purpose of improving the City <br />Administration Complex by renovating, remodeling, rehabilitating, furnishing, equipping and <br />otherwise improving the Town Hall included therein and improving the site thereof by rernoving <br />and replacing underground storage tanks and otherwise modifying fuel storage faciliries and <br />equipment, in each case together wrth the necessary appurtenances and work incidental thereto, that: <br />1. T'he estimated Iife or period of usefulness of each class of the improvements <br />described above is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is at least ten years, since each such class of improvements has, <br />by statute or by my estimate, a life or period af usefulness of at least ten years and bonds for each <br />class of the improvements have a maximum maturity of at least ten yeazs, or otherwise, if and to the <br />extent a portion of the proceeds of the Bonds may be determined to be aliocated to a class or classes <br />having a maximum maturity of less than ten yeazs but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least ten years by reason of a sufficient portion of the <br />proceeds of the Bonds allocated to a class or classes having a maximum maturity, by statute or <br />because of my estimate of its life or period of usefulness, in excess of ten years, including those <br />classes having a maximum maturity of twenty years. If notes in anticipation of the Bonds are <br />outstanding later than the last day of December of the fifth year following the year of issuance of the <br />original issue of notes, the period in excess of five years sha11 be deducted from that maximum <br />maturity of the Bonds. <br />3. The maximum maturity of the Notes is fifteen years. <br />Dated: Apri121, 1998 <br />NbUL . NP4'1? <br />Director of Finance <br />City of North Olmsted, Ohio <br />