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2026 Spruce Property Stormwater Improvement General Obligation Notes <br />FISCAL OFFICER'S CERTIFICATE <br />To the Council of the City of North Olmsted, Ohio: <br />As fiscal officer of the City of North Olmsted, I certify in connection with your proposed <br />issue of notes (the Notes) in an aggregate principal amount not to exceed $2,040,000, to be <br />issued in anticipation of the issuance of bonds (the Bonds) to provide funds to pay costs of <br />improving the City's stormwater management system in connection with the Spruce Property <br />Stormwater Wetland Project by constructing and improving stormwater drainage facilities including <br />but not limited to construction of a stormwater wetland basin with trails and picric areas, storm <br />sewers, ditches, catch basins and facilities for the retention and control of stormwaters, together with <br />all necessary appurtenances thereto, that: <br />1. The estimated life or period of usefulness of each class of the improvements described <br />above is at least five years. <br />2. The estimated maximum maturity of the Bonds, calculated in accordance with Section <br />133.20 of the Revised Code, is 40 years. If notes in anticipation of the Bonds are outstanding later <br />than the last day of December of the fifth year following the year of issuance of the original issue of <br />notes, the period in excess of those five years shall be deducted from that maximum maturity of the <br />Bonds. <br />3. The maximum maturity of the Notes is 240 months from their date of issuance. <br />Dated: March 17, 2026 J40- <br />Director o rance <br />City of North Olmsted, Ohio <br />