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North Olmsted, Ohio. <br />June , .2./ , 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 follows: <br />1. That the estimated life of the property or improve- <br />ment referred to in your Resolution No. ~~~t J of June ~_, <br />1955, is hereby certified to b e in excess of five ye2.rs. <br />2. The maximum maturity of such bonds calculated in <br />accordance with the provisions of Section 133.20 of the Revised <br />Code of Ohio, and the weighted average of the amounts ,roposed to <br />be expended for said classes of improvements is as follows: <br />(A) X105,000.00 for the construction of a fireproof <br />building to be used for a municipal swimming <br />ool, 25 pears. <br />(B) x.5,000.00 for equipment and furnishings for <br />said building, 10 years. <br />(C) The weighted average of the amount proposed to be <br />expended for said classes is 20 years. <br />Should you authorize a single bond issue for all of said <br />classes the maximum maturity of said bonds could not exceed such <br />weighted average of 20 years. <br />The maximum maturity of the notes, if any, to be issued <br />in anticipation of the issuance of such bonds, is two (2) years. <br />All of which is respectfully submitted, <br />E, M. Christma , uditor <br /> <br />~a. uw...„~..~ e. a, , , <br />