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?r , •Ordinance No. 82-98 FISCAL OFFICER'S CERTIFICATE North Olmsted, Ohio July 20, 1982 TO THE COUNCIL OF THE CITY OF NORTH OLMSTED, OHIO: The undersigned, as fiscal officer of the City of North Olmsted, Ohio, as defined in Revised, Code Section 133.01, hereby certifies in connec- tion with your proposed issue of notes in anticipation of the issuance of bonds for the purpose of constructing, furnishing and equipping a new City Administration Building and improving the site thereof, as follows: 1. That the estimated life of the improvements described above is hereby certified to be at least five years. 2. The maximum maturity of the bonds to be issued for each such class of improvements, calculated in accordance with the provisions of Section 133.20, Revised Code, and the weighted average of the maximum maturities of bonds to be issued for said several classes of improvements, based upon the allocations set forth below, is as follows: a. $666,666.67 for constructing a new City Administration Building - 25 years, this being my estimate of the period of usefulness of such improvement; b. $333,333.33 for furnishing and equipping a new City Admin- istration Building and improving the site thereof - 10 years; and c. The weighted average of the maximum maturities of bonds to be issued for said several classes of improvements is 20 years. Should you authorize a single bond issue for all of said classes, the maximum maturity of said bonds could not exceed such weighted average of 20 years; provided that if notes in anticipation of such bonds are outstanding for a period in excess of five years from the date of the original issue, the period thereof in excess of five years shall be deducted from such maximum maturity of said bonds. 3. The maximum maturity of any notes issued in anticipation of such bonds is ten years, if sold publicly, or one year if such notes are sold at private sale. Director of Finance ? City of North Olmsted, Ohio