96-135 Ordinance - Laserfiche WebLink

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.,..,_ ?. ..?,.. ? .?..?.?..?.?. ,......?.. ? -??.?.M 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 $365,000 bonds (the Bonds) for the purpose of improving the City Administration Complex by renovating, remodeling, rehabilitating and otherwise improving the Town Hall, remodeling, furnishing and equipping the City Hall, improving the electrical system serving the Complex and installing a back-up electrical system for the City's computer, telephone and emergency lighting systems and constructing a canopy to cover the fuel pump island on the site thereof, together with the necessary appurtenances and work incidental thereto, that: 1. The estimated life or period of usefulness of each class of the improvements described above is at least five years. 2. The maximum maturity of the Bonds, calculated in accordance with Section 133.20 of the Revised Code, is fifteen years, since each class of the improvements has an estimated life or period of usefulness of fifteen years or more and bonds for each class of the improvements have a maximum maturity of at least fifteen years, or otherwise, if and to the extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having a maximum maturity of less than fifteen years but in excess of five years, then the maximum maturity of the Bonds would still be at least fifteen years by reason of a sufficient portion of the proceeds of the Bonds being allocated to a class or classes having a maximum maturity, by statute or because of my estimate of the life or period of usefulness, in excess of fifteen years, including those classes having a maximum maturity of twenty years. Dated: August 19, 1996 Director of Finance City of North Olmsted, Ohio D03:[00523.DOCSNOR05228]FOC_CITY ADMIN_COMP_$365.