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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 $2,530,000 bonds (the Bonds) for the purpose of improving certain designated <br />streets in the City's street system by grading, draining, reconstructing the pavement base, <br />widening, constructing, reconstructing and rehabilitating berms, catch basins, curbs, driveway <br />aprons, sanitary sewers and sanitary sewer service connections, sidewalks, storm sewers and <br />water mains and water service connections, installing street lighting and preparing the surface <br />and surfacing and resurfacing, where necessary, in each case together with the necessary <br />appurtenances and work incidental thereto, and acquiring real estate and interests in real estate <br />in connection therewith, that: <br />1. The estimated life or period of usefulness of each class of the improvements <br />described above 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 fifteen years, since each class of the improvements has an <br />estimated life or period of usefulness of fifteen years or more, and bonds for each class of the <br />improvements have a maximum maturity of at least fifteen years, or otherwise, if and to the <br />extent a portion of the proceeds of the Bonds may be determined to be allocated to a class or <br />classes having a maximum maturity of less than fifteen years but in excess of five years, then <br />the maximum maturity of the Bonds would still be at least fifteen years by reason of a sufficient <br />portion of the proceeds of the Bonds being allocated to a class or classes having a maximum <br />maturity, by statute or because of my estimate of the life or period of usefulness, in excess of <br />fifteen years, including those classes having a maximum maturity of forty years. <br />Dated: August 19, 1996 ?.?-- <br />Director of Finance <br />City of North Olmsted, Ohio <br />D03:[00523.DOCS.NOR05228]FOC_NM_STREETS $2 530.