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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 City of North Olmsted, I certlfy in connec- <br />tion with your proposed issue of $1,775,000 notes (the Notes), to be issued i_n <br />anticipation of the issuance of bonds (the Bonds) for the purpose af improving <br />t.he municipal sanitary sewer system by constructing, reconstructing, <br />rehabi.litating and replacing sanitary sewers and sanitary sewer counections <br />and by improving and equipping the wast.ewater treatment pl.ant, t.ogetlier witli <br />the necessary appurtenances and work incidental thereto (the improvement), <br />that: <br />l. The estimated life or period of usefulness of the improvemeiii: is <br />at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accor- <br />dance with Section 133.20 of the Revised Code, is twenty year.s, being my <br />estimate of the life or period of usefulness of the improvement. If notes in <br />anticipat:ion of the Bonds are outstanding later than the last day of December <br />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 fx-om that niaximum <br />maturity of the Bonds. <br />3. The maximum matu.ri.ty of the Notes is July 31, 2011, being twenty <br />years from the date of issuance of the original notes. <br />Dated: 1992 C-? <br />Director of Finance <br />City of North Olmsted, Ohio