HomeMy Public PortalAbout10-Form 8038-G.pdfSEROTA
HELFMAN COLE BIERMAN
Internal Revenue Service Center
Ogden, UT 84201
January 19, 2021
Certified Mail
Return Receipt Requested
7012 0470 0001 3402 8559
Re: $11,238,000 - Village of Key Biscayne, Florida
Capital Improvement Revenue Refunding Bond, Series 2021
Dear Sir or Madam:
Enclosed please find Form 8038-G, Information Return for Tax -Exempt
Governmental Obligation, for the above referenced matter.
If you have any questions regarding the foregoing, please do not hesitate to contact
us.
Sincerely,
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Paralegal
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Enclosure as noted.
cc: Jeffrey D. DeCarlo, Esq.
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PS Form 3800, August 2006 See Reverse for Instructions
F. 80384
(Rev. September 2018)
Department of the Treasury
Internal Revenue Service
MA Reporting Authority
1 Issuer's name
Village of Key Biscayne, Florida
2 Issuer's employer identification number (BIN)
65.0291811
3a Name of person (other than issuer) with whom the IRS may communicate about this return (see instructions)
3b Telephone number of other person shown on 3a
4 Number and street (or P.O. box if mail is not delivered to street address)
88 West Mclntrye Street
Room/suite
5 Report number (For IRS Use Onty)
13
6 City, town. or post office. state, and ZIP code
Ke Bisca ne, Florida 33149
7 Date of issue
01/1512021
8 Name of issue
Capital Improvement Revenue Refunding Bond, Series 2021
9 CUSIP number
N.A.
1Oa Name and title of officer or other employee of the issuer whom the IRS may call for more information (see
instructions)
Chi a� R. Press, Interim Village Manager
IMIIIPET
10b Telephone number of officer or other
employee shown on 1Oa
(305) 365-5506
Information Return for Tax -Exempt Governmental Bonds
F. Under internal Revenue Code section 149(e)
► See separate instructions.
Caution: if the issue price is under $100,000, use Form 8038 -GC.
1► Go to www.ire.gov/F8038G for instructions and the latest information.
OMB No. 1545-0720
If Amended Return, check here ► ❑
ype of Issue (enter the issue price). See the instructions and attach schedule.
11 Education
12 Health and hospital
13 Transportation
14 Public safety . . . . . . . . . . . . . . . . . . . .
15 Environment (including sewage bonds)
16 Housing
17 Utilities
18 Other. Describe ► various capital improvements
19a If bonds are TANs or RANs, check only box 19a ►rl
b If bonds are BANs, check only box 19b , . _ ► ❑
20 If bonds are in the form of a lease or installment sale, check box ► El
Part III Description of Bonds. Complete for the entire issue for which this form is being filed.
11
12
13
14
15
16
17
18
11,238,000
00
(a) Final maturity date
(b} Issue price
(c) Stated redemption
price at maturity
(d) Weighted
average maturity
21 10/01/2032 ;i9 11,238,000 $ 11,238,000 4.7474 years
Part IV Uses of Proceeds of Bond Issue (including underwriters' discount)
22 Proceeds used for accrued interest
23 Issue price of entire issue (enter amount from line 21, column (b)) 23 11,238,000
24 Proceeds used for bond issuance costs (including underwriters' discount) 24
25 Proceeds used for credit enhancement
26 Proceeds allocated to reasonably required reserve or replacement fund
27 Proceeds used to refund prior tax-exempt bonds. Complete Part V .
28 Proceeds used to refund prior taxable bonds. Complete Part V . .
29 Total (add lines 24 through 28) 11,238,000
30 Nonrefunding proceeds of the issue (subtract line 29 from line 23 and enter amount here) . . 30
Part V
(e) Yield
25
26
39,965
0
0
27 11,198,034
28
Description of Refunded Bonds. Complete this part only for refunding bonds.
31 Enter the remaining weighted average maturity of the tax-exempt bonds to be refunded . . . ► 4.7179 years
32 Enter the remaining weighted average maturity of the taxable bonds to be refunded . . . . ► years
33 Enter the last date on which the refunded tax-exempt bonds will be called (MM/DD/YYYY) . . ► 01/15/2021
34 Enter the date(s) the refunded bonds were issued ► (MM/DD/YYYY) 08/01/2011
For Paperwork Reduction Act Notice, see separate instructions. Cat. No. 63773S Form 8038-G (Rev. 5-2018)
0
40
00
00
60
00
29
22
0
1.2351 %
00
00
00
0
00
Signature
and
Consent
Signature of issuer's authorized repr
Form 8038-G (Rev. 9-2018)
M Miscellaneous
35 Enter the amount of the state volume cap allocated to the issue under section 141(b)(5) .
36a Enter the amount of gross proceeds invested or to be invested in a guaranteed investment contract
(GIC). See instructions
b Enter the final maturity date of the GIC ► (MM/DD/YYYY)
c Enter the name of the GIC provider ►
37 Pooled financings: Enter the amount of the proceeds of this issue that are to be used to make loans
to other governmental units
38a If this issue is a loan made from the proceeds of another tax-exempt issue, check box ► ❑ and enter the following information:
b Enter the date of the master pool bond ► (MM/DD/YYYY)
c Enter the EIN of the issuer of the master pool bond P.
d Enter the name of the issuer of the master pool bond
39 If the issuer has designated the issue under section 265(b)(3)(B)(i)(IIl) (small issuer exception), check box
40 If the issuer has elected to pay a penalty in lieu of arbitrage rebate, check box
41a If the issuer has identified a hedge, check here ► ❑ and enter the following information:
b Name of hedge provider ►
c Type of hedge ►
d Term of hedge ►
42 If the issuer has superintegrated the hedge, check box ► ❑
43 If the issuer has established written procedures to ensure that all nonqualified bonds of this issue are remediated
according to the requirements under the Code and Regulations (see instructions), check box 10-
44 if the issuer has established written procedures to monitor the requirements of section 148, check box ►
45a If some portion of the proceeds was used to reimburse expenditures, check here ► 0 and enter the amount
of reimbursement ►
b Enter the date the official intent was adopted ► (MM/DD/YYYY)
Under penalties of perjury, I declare that I have examined this return and accompanying schedules and statements, and to the best of my knowledge
and belief, they are true correct, and complete. I further declare that I consent to the IRS's disclosure of the issuer's return information, as necessary to
process thi eturn • the •erson that I have authorized above.
Page 2
alive
Paid
Preparer
Use Only
Print/Type preparer's name
Jeffrey DeCarlo
Preps,
Firm's name ► Weiss Serota Hellman C &isiennan, P.L.
2)
Date
Michael Davey, Mayor
Type or print name and title
tvt
Date Check ❑ if
self-employed
PTIN
Firm's address ► 2525 Ponce de Leon Blvd., Suite 700, Coral Gables, FL 33134
Firm's EIN ►
P01491813
20-8112403
Phone no. 305.854-0800
Form 8038-G (Rev, 9=2018)