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<br />011- <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 $454,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) for the purpose of improving the City's <br />sanitary sewerage system by constructing sanitary sewers, force mains and pumping facilities and <br />by constructing and reconstructing storm sewers and other storm water drainage facilities and <br />improvements to control and timit the volume of storm water entering or otherwise affecting the <br />sanitary sewerage system, in each case together with the necessary appurtenances and work <br />incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of the improvements is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is forty 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 twenty years. <br />rDated: Apri121, 1998 <br />Director of Finance <br />City of North Olmsted, Ohio <br />