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2026 Parks and Recreation 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 $6,150,000, to be issued <br />in anticipation of the issuance of bonds (the Bonds) to provide funds to pay costs of improving the <br />City's parks and recreational facilities, including the Senior Center, by constructing, installing, <br />furnishing, equipping and improving basketball courts, baseball facilities, playgrounds, multi -purpose <br />fields, trails, and parking lots, and otherwise improving parks and recreational facilities, together with <br />all necessary appurtenances thereto, and clearing, equipping and improving the sites thereof, 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 bonds to be issued for such purpose, calculated in <br />accordance with Section 133.20 of the Revised Code, is 26 years. That maximum maturity is based <br />on my calculation of the average number of years of life or period of usefulness of the improvement <br />as measured by the weighted average of the amounts proposed to be expended for the classes of the <br />improvement as follows: $5,179,800 for municipal recreation, excluding recreational equipment, 30 <br />years; and $970,200 for recreational equipment, 10 years; the weighted average is therefore 26 years. <br />If notes in anticipation of the Bonds are outstanding later than the last day of December of the fifth <br />year following the year of issuance of the original issue of notes, the period in excess of those five <br />years shall be deducted from that maximum maturity of the Bonds. <br />3. The maximum maturity of the Notes is June 25, 2044, which is 20 years from June 25, <br />2024, the date of issuance of the original notes issued for this purpose. <br />Dated: March 17, 2026 !� <br />Drecto Finance <br />City of North Olmsted, Ohio <br />