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CERTIFICATE OF VILLAGE AS TO COMPUTATION
OF INTEREST RATE IN COMPLIANCE WITH
SECTION 215.84(3) FLORIDA STATUTES
The undersigned, Mayor of the Village of Key Biscayne, Florida hereby certifies that (i)
the Village’s Capital Improvement Revenue Refunding Bond, Series 2021 (the “Bond”) is being
issued and sold as a single registered Bond maturing on October 1, 2032 in the aggregate
principal amount of $11,238,000 on this date, (ii) such single bond bears interest at the rate of
1.235% per annum, (iii) as evidenced by the attached copy of a page of The Bond Buyer
published on December 31, 2020, the average net interest cost rate, computed in accordance with
Section 215.84(3), Florida Statutes, by adding 300 basis points to 2.12% (“The Bond Buyer 20
Bond Ind ex” published immediately preceding the first day of the calendar month in which the
Bond is sold) is 5.12%, and (iv) the initial interest rate on the Bond does not exceed the average
net interest cost rate.
[Signature Page Follows]
Dated as of the 15th day of January, 2021.
VILLAGE OF KEY BISCAYNE, FLORIDA
By:
r I
Michael Davey, Mayor
Signature Page to
Certificate of Village as to Computation of Interest Rate
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