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.? FISCAL OFFICER'S CERTIFICATE To the Council of the City of North Olmsted, Ohio: As fiscal officer of the City of North Olmsted, I certify in connection with your proposed issue of $945,000 notes (the Notes), to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of improving the City's park and recreational facilities by acquiring and installing heating, ventilating and air conditioning equipment for the Communiry Cabin and improving the Recreation Center Complex by surfacing and resurfacing parking areas and driveways and providing curbs, related drainage improvements, landscaping and lighting therefor, reconstructing and paving with concrete the existing walkway from Lorain Road to the Complex and constructing a building to house maintenance equipment therefor on its site, all together with the necessary appurtenances and work incidental thereto (the improvements), that: 1. The estimated life or period of usefulness of each class of the improvements is at least five years. 2. The estimated maximum maturiry of the Bonds, calculated in accordance with Section 133.20 of the Revised Code, is at least ten years, since each class of the improvements has an estimated life or period of usefulness of ten years or more and bonds for each class of the improvements have a maximum maturity of at least ten years, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having a maximum maturiry of less than ten years but in excess of five years, then the maximum maturiry of the Bonds would still be at least ten years by reason oF a sufficient portion of the proceeds of the Bonds being allocated to a class or classes having a maximum maturity, by statute or because of my estimate of the life or period of usefulness, in excess of ten years, including those classes having a life or period of usefulness of twenty years. If notes in anticipation of the Bonds are outstanding later than the last day of December of the fifth year following the year of issuance of the original issue of notes, the period in excess of five years shall be deducted from that maximum maturiry of the Bonds. 3. The maximum maturity of the Notes is June 24, 2008, which is fifteen years from June 24, 1993, the date of the original notes issued for this purpose. Dated: May 9, 1996 Director of Finance City of North Olmsted, Ohio D03:[00523.DOCS.NOR05225]FOC PARK REC $945.