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'1 ' ' ' ' A*1+` ..W <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 $970,000 bonds (the Bonds) for the purpose of improving the City's park and <br />recreational facilities by acquiring and installing heating, ventilating and air conditioning <br />equipment for the Community Cabin and improving the Recreation Center Complex by surfacing <br />and resurfacing parking areas and driveways and providing curbs, related drainage <br />improvements, landscaping and lighting therefor, reconstructing and paving with concrete the <br />existing walkway from Lorain Road to the Complex and constructing a building to house <br />maintenance equipment therefor on its site, all together with the necessary appurtenances and <br />work incidental thereto (the improvements), that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />is at least five years. <br />2. The maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is at least ten years, since each class of the improvements has an <br />estimated life or period of usefulness of ten years or more and bonds for each class of the <br />improvements have a maximum maturity of at least ten years, or otherwise, if and to the extent <br />a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes <br />having a maximum maturity of less than ten years but in excess of five years, then the maximum <br />maturity of the Bonds would still be at least ten years by reason of a sufficient portion of the <br />proceeds of the Bonds being allocated to a class or classes having a maximum maturity, by <br />statute or because of my estimate of the life or period of usefulness, in excess of ten years, <br />including those classes having a life or period of usefulness of twenty years. <br />Dated: August 19, 1996 ? <br />Director of Finance <br />City of North Olmsted, Ohio <br />D03:[00523.DOCS.NOR05228]FOC_PARK_REC $970.