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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 $1,045,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purposes of (i) acquiring motor vehicles and equipment for use in <br />carrying out functions of the Department of Public Service and (ii) acquiring motor vehicles, <br />including four pick-up trucks and three automobiles, for use in carrying out City services and <br />functions (the vehicles and equipment), that: <br />1. The estimated life or period of usefulness of the vehicles and equipment 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 five years, that being my estimate of the life or period <br />of usefulness of the vehicles and equipment. 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 July 31, 2001, which is ten years from <br />July 31, 1991, the date of the original notes issued for this purpose. <br />?- . <br />Dated: May 9, 1996 ?-?----"r ? <br />Director o Finance . <br />Ciry of North Olmsted, Ohio <br />D03: [00523.DOCS.NOR05225]FOC_MOTOR_VEH_$1_045.