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??. <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 $3,830,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving certain designated streets in the City's street <br />system by grading, draining, reconstructing the pavement base, preparing the surface and <br />surfacing and resurfacing, constructing, reconstructing and rehabilitating catch basins, curbs, <br />driveway aprons, sanitary sewers and sanitary sewer service connections, sidewalks, storm <br />sewers and water mains and water service connections and installing street lighting, all where <br />necessary, in each case together with the necessary appurtenances and work incidental thereto <br />(the improvements), that: <br />least five years 1. The estimated life or period of usefulness of each class of improvements is at <br />. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is twenty years, since each class of the improvements has <br />an estimated life or period of usefulness of twenty years or more and bonds for each class of the <br />improvements have a maximum maturity of at least twenry 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 twenty years but in excess of five years, then <br />the maximum maturity of the Bonds would still be at least twenty 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 />twenty years, including those classes having a maximum maturity of forty 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 22, 2015, which is twenry years <br />from June 22, 1995, the date of the original notes issued for this purpose. <br />Dated: May 9, 1996 <br />tjirector of Finance <br />City of North Olmsted, Ohio <br />D03:[00523.DOCS.NOR05225]FOC_STREETSII $3 830.