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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 certify in connection with your <br />proposed issue of $345,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of acquiring and installing computer equipment, including <br />networking hardware and software, personal computer work stations, printers, software and <br />cables, together with the necessary appurtenances thereto (the equipment), that: <br />1. The estimated life or period of usefulness of each class of the equipment is <br />at 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 nine years, since each class of the equipment has an <br />estimated life or period of usefulness of nine years or more and bonds for each class of the <br />improvements have a maximum maturity of at least nine years, or otherwise, if and to the extent <br />a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes <br />having a maximum maturity of less than nine years but in excess of five years, then the <br />maximum maturity of the Bonds would still be at least nine years by reason of a sufficient <br />portion of the proceeds of the Bonds being allocated to a class or classes having a maximum <br />maturity, by statute or because of my estimate of the life or period of usefulness, in excess of <br />nine years, including those classes having a maximum maturity of ten years. If notes in <br />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 November 23, 2007, which is fourteen <br />years from November 23, 1993, the date of the original notes issued for this purpose. <br />Dated: May 9, 1996 <br />Director of Finance <br />City of North Olmsted, Ohio <br />D03:[00523.DOCS.NOR05225]FOC_COMP EQUIP $345.