Laserfiche WebLink
<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 and <br />reconstructing storm sewers and storm water drainage facilities (the improvement), that: <br />1. The estimated life or period of usefulness of the improvement 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 <br />the original issue of notes, the period in excess of five years shall be deducted from that maximum <br />maturity of the Bonds. <br />3. The maximum maturity of the Notes is July l, 2017. <br />Dated: April21, 1998 (k?z" ? <br />Director of Finance <br />City of North Olmsted, ghio <br />