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. ?. ? <br /> <br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the Ciry of North Olmsted, Ohio: <br />As fiscal officer of the City of North Olmsted, I certify in connection with your <br />proposed issue of $3,975,000 notes (the Notes), to be issued in anticipation of the issuance of <br />bonds (the Bonds) for the purpose of improving the City's sanitary sewer system and its <br />functions by constructing and reconstructing sanitary sewers and pumping and retention facilities <br />and by constructing and reconstructing storm sewers and other storm water drainage facilities <br />and improvements to control and limit the volume of storm water entering or otherwise affecting <br />the sanitary sewerage system, together in all cases with any necessary appurtenances and the <br />performance of any incidental work (the improvements), that: <br />1. The estimated life or period of usefulness of the improvements 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 forty 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 maturiry of the Bonds. <br />3. The maximum maturity of the Notes is twenry years. <br />Dated: May 6, 1996 <br />Director of Finance <br />City of North Olmsted, Ohio <br />D03: [00523. DOCS. NOR05225]FOC_NM_SAN_SVVR_53.975