96-073 Ordinance - Laserfiche WebLink

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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 $12,000,000 notes (the Notes), to be issued in anticipation of the issuance of bonds (the Bonds) for the purpose of improving the municipal sanitary sewer system by constructing, reconstructing, rehabilitating and replacing sanitary sewers and sanitary sewer connections, constructing a retention basin for a sanitary lift station and improving and equipping the wastewater treatment plant, together with the necessary appurtenances and work incidental thereto (the improvements), that: 1. The estimated life or period of usefulness 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 twenty years, being my estimate of the life or period of usefulness of the improvements. 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 those five years shall be deducted from that maximum maturity of the Bonds. 3. The maximum maturity of the Notes is October 30, 2010, which is twenty years from October 30, 1990, 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_SAN_SWR_$12_000.