2025-030 Ordinance - Laserfiche WebLink

Home Browse Search

2025 Fln Smlmr Impmremvm C=,J OEI IyXan Nua FISCAL OFFICER'S CERTIFICATE To de Council of the City of North Ohnsted, Ohio: As fiscal officer of the City of North Olmsted, I cwrify N wrmection with you proposed sue of notes (the Notes) in an aggregate principal amount not to exceed $62500, to be issued in anticipation of the issuance of bonds (the Bonds) to provide funds to pay costs Ofconsuacting, rewnsnucting, fumishin& equipping and otherwise improving the City's fire stations, together with all necessary appurtenances thereto, that: I. The estimated life m period of asefidness m each class of the improvements described above is at least five years. 2. The estimated maximum maturity of the Bonds, calculated in accordance whh Section 133.20 of the Revised Code, is at least 20 years, being my estimate of the life or period of awfulness of the improvement; if and to de exerat a portion of the proceeds of the Bonds may be determined to be allocated to a class or classes having a maximum maturity of less than 20 years but in excess of five yews, then fire maximum maturity of tle Bonds would still be at least 20 years by reason of a sufficient portion of flue proceeds of the Bonds allocated w a class or classes having a maximum maturity or an estimated period of usefulness in excess of 20 years. If notes as anticipation of the Bonds are outstanding later than the last day of December of me fifth year fo0owi� the yew of issuance of the original issue of notes, the period in excess of axis five years shall be deducted from that maximum maturity of the Bonds. 3. The maximum maturity of fhe Notes is Jane 25, 2044, which is 20 years from June 25, 2024, the date of issuance of the original rotes issued fur this purpose. 1 Dated: Nfemh 18, 2025 Director of Firmace City of North Olmste , Off