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FISCAL OFFICER'S CERTIFICATE <br />,, <br />/ ~ ,1964 <br />TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: <br />The undersigned, Director of Finance of the City of Narth Olmsted, Ohio, <br />as the fiscal officer of said City, hereby certifies as follows: <br />1. The estimated life of the property and improvements referred to in <br />your resolution of even date is hereby certified to be at least five years. <br />2. The maximum maturity of such bonds calculated in accordance with <br />the provisions of Section 133.20 of the Revised Code and the weighted aver- <br />age of the amounts proposed to be expended for said several classes of im- <br />provements, is as follows: <br />a. $255,000 constructing said building - twenty-five years, <br />which is the estimated life of usefulness of such <br />construction. <br />b. ~ 65,000 for equipping, furnishing and improving the site <br />of said building -ten years. <br />c. The weighted average of the amounts proposed to be expended <br />for said several classes is twenty-two years. <br />Should you authorize a single bond issue f'or all of said classes, the <br />maxixaum maturity of said bonds could not exceed such weighted average of <br />twenty-two years. <br />All of which is respectfully submitted. <br />~ _.__ <br />Directo. of Finance <br />