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?..: <br />rxa¢ ?s <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 $843,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) far the purpose of improving certain <br />designated streets in the City, in cooperation with Cuyahoga County and the Direetor of <br />Transportation of the State of Ohio and otherwise, by grading, draining, curbing, reconstruct.ing the <br />pavement base, replacing culverts, preparing the surface, surfacing and resurfacing and installing <br />street lighting, traffic signalization and related underground wiring, in each case together with the <br />necessary appurtenance, and work incidental thereto, that: <br />1. The estimated life 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, calctilated in accordance with <br />Section 133.20 of the Revised Code, is at last ten years, since each class of the improvements has an <br />estimated life vr period of usefulness of ten years or more, and bonds for each class of the <br />improvements have a maximum maturity of at least ten years, or otherwise, if and to the extent a <br />portion of the proceeds of the Bonds may be deternuned to be allocated to a class or classes having <br />a maximum maturity of less than ten years but in excess of five years, then the maximum maturity <br />of the Bonds would still be at least ten years by reason of a sufficient portion of the proceeds of the <br />Bonds being allocated to a class or classes having a maximum maturity, by statute or because of my <br />estimate of the life or period of usefulness, in excess of ten years, including those classes having a <br />maximum maturity of twenty years. If notes in anticipation of the Bonds 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 fifteen yeazs. <br />„ <br />Dated: April21, 1998 Director of Finance ?a'fi' City of North Olmsted, Ohio <br />