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? <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 $30,000 notes (the Notes), to be issued in anticipation of the issuance of bonds <br />(the Bonds) for the purpose of acquiring and installing signals, signs and other equipment and <br />devices to direct and control the flow of vehicular and pedestrian traffic, where necessary, <br />together with necessary appurtenances and work incidental thereto (the equipment), that: <br />1. The estimated life or period of usefulness of the equipment is at least five <br />years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with <br />Section 133.20 of the Revised Code, is ten 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 fifteen years. <br />Dated: May 6, 1996 <br />Director of Finance <br />City of North Olmsted, Ohio <br />D03:[00523.DOCS.NOR05225]FOC NM TRAFFIC SIG $30.