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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 $355,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City Administration Complex by renovating, <br />remodeling, rehabilitating and otherwise improving the Town Hall, remodeling, furnishing and <br />equipping the City Hall, improving the electrical system serving the Complex and installing a <br />back-up electrical system for the City's computer, telephone and emergency lighting systems and <br />constructing a canopy to cover the fuel pump island on the site thereof, together with the <br />necessary appurtenances 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, calculated in accordance with <br />Section 133.20 of the Revised Code, is fifteen years, since each class of the improvements has <br />an estimated life or period of usefulness of fifteen years or more and bonds for each class of the <br />improvements have a maximum maturity of at least fifteen years, or otherwise, if and to the <br />extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or <br />classes having a maximum maturity of less than fifteen years but in excess of five years, then <br />the maximum maturity of the Bonds would still be at least fifteen 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 />fifteen years, including those classes having a maximum maturity of twenty 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 June 24, 2013, which is twenry 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 />City of North Olmsted, Ohio <br />D03: [00523. DOCS. NOR05225]FOC_CITY_ADMIN_COM P_$355.