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. <br />. <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 $670,000 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 />constructing, reconstructing and otherwise improving storm sewers, culverts, retention basins <br />and other storm water drainage facilities, together with the necessary appurtenances and work <br />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 maturiry 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 <br />of the original issue of notes, the period in excess of five years shall be deducted from that <br />maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is June 22, 2015, which is twenty years <br />from June 22, 1995, 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_STORM_SWRII_$670.