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,. ? <br />. ' _. .. ?..??....?,?.?,?,..??.?.?.._ ..?,?.,?...N? _.?...,, . . <br />? <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 $250,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City's storm water drainage system by <br />rehabilitating and improving an existing storm water culvert located under South Barton Road <br />approximately 1, 700 feet south of Lorain Road, related underground storm water retention basins <br />and related open storm water drainage ditches and acquiring interests in real estate therefor, <br />together with the necessary appurtenances and work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of each class of improvements is at <br />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 thirty years, since each class of the <br />improvements has an estimated life or period of usefulness of thirty years or more and bonds <br />for each class of the improvements have a maximum maturiry of at least thirty years. If notes <br />in anticipation of the Bonds are outstanding later than the last day of December of the fifth year <br />following the year of issuance of the original issue of notes, the period in excess of five years <br />shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is June 24, 2013, which is twenty years <br />from June 24, 1993, the date of the original notes issued for this purpose. <br />Dated: May 9, 1996 <br />Director of Finance <br />Ciry of North Olmsted, Ohio <br />D03:[00523.DOCS.NOR05225]FOC STORM SWRI $250.