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forth Olmsted, Ohio <br />Dseember ~,_,, 1955• <br />To the Council of the City of North Olmsted, Ohio: <br />The undersigned, City Auditor, as the fiscal officer <br />of the City of North Olmsted, Ohio, as defined by Section 133,01 <br />of the Revised Code of Ohio, hereby certifies as follarrst <br />1. That the estimated life of the property or i.mpro4®- <br />meat referred to in your Resolution No. ~a ~ 3 of December ~, <br />1955, is hereby certified to be in excess of five years. <br />2. The maximum maturity of such bonds calculated in <br />accordance with the previsions of Section 133.20 of the Revised <br />Code of Ohio, and the weighted average of the amounts proposed to <br />be expended for said classes of improvements is as follows: <br />(A) $120 000.00 for the e o ~truction of two fireproof <br />buildings to be used for firs houses,. 25 years. <br />(B) X20 000.00 for equipment and furnishings for said <br />bui~dings, 10 years. <br />(C) The weighted average of the amount prep~-sed to bs <br />expended for said classes is 22 years. <br />Should you authorize a single bond issue for all of said <br />clas8ea the maximum aaturity of said bonds could net exceed such <br />weighted average of 20 years. <br />All of which is respectfully submitted. <br />. . riata~-a, ty Au t r <br />Ruth Klee, Hepa~yCity Auditor <br /> <br />