HomeMy Public PortalAboutTAB 14.pdfCERTIFICATE 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 Stormwater Utility Revenue Refunding Bonds, Series 2011 (the "Bonds") are being
issued and sold as a single registered Bond maturing on October 1, 2019 in the aggregate
principal amount of $4,450,000 on this date, (ii) such single bond bears interest at the rate of
2.39% per annum, (iii) as evidenced by the attached copy of a page of The Bond Buyer
published on June 30, 2011, the average net interest cost rate, computed in accordance with
Section 215.84(3), Florida Statutes, by adding 300 basis points to 4.46% ("The Bond Buyer 20
Bond Index" published immediately preceding the first day of the calendar month in which the
Bonds are sold) is 7.46%, and (iv) the interest rate on the Bonds does not exceed the average net
interest cost rate.
Dated as of the 18th day of July, 2011.
VILLAGE OF KEY BISCAYNE, FLORIDA
lin Caplan, Mayor
32H589302.DOC
Pond% & Co.
Varna n/ 0.30
Thursday, June 30, 2011
www.bandbuyercam
Market Statistics
Market Indicators
Dollar amts are in m0ions
Daily Yesterday
Mitttkipal Bad tuba ....... • 111-25
410 Average Del a Price 100.:.
AserageYield1oPafC8i 5.15
A rageYteki b Measly 5.19
30•04Yi $1.49*(5mis)
Total (June $3)
Negotiated
Cunint
Totet
$6,075.8
1,587:9
4,487.8
21
C1>na
-12132
-023
4004
+062
2011
High
112.17
101.36
687
5.95
2011
Clangs HO
42,7113 $11.,208.1
-155.3 3,891.0
-2,5560 9,4470
Date
(
(627)
(1114)
(1118)
0W
(2/11)
(6/21)
(2/11)
2011
Low
102.20
,33
5.06
5.15
Den
(1/14)
(1/14)
(023)
2011
low Date
54,677,0 (4120)
408.1 (2/18)
3,517.1 (4/18)
The 33.0.y Vistie soppy reflects tie total dolarArnie of hands io be dined a1 mrrpet8%etiding and Iwaugh neonatal
over the mad 30 d it includes issues scheduled br sale on the date Paled along with antraded Mange kited in tat days
'Concave Budd t'no." are "%gamed Bore 011aringtables.
Wieldy
Bad Byer. Revenue Bond I des(.......
Bad Buyer *Bond Inch, , .. .
Band Buyer 1143ad Indent
Bond Buyer One -Year Noe kW
w0.1112121 MltaesYll at a*Wyni
NWAIO.ararpWY) MUM WWI RD
Long -Term Bads 55,620.6 55,818,8 56,437.8
Nega6ated Bonds 4,698.9 3,751.6 5,090.8
Cortlpodare Bands. 921.7 2,067.2 1,338.6
Shod:rer t Notes 202.1 1,390.9 3,279.1
Curter Pe1ioo
6123/11 8116/11
5,31%
4.46%
4.20%
0.34%
5.32%
449%
4.23%
034%
2011 2011
Mgt Dab Low Date
5.87%
5.41%
516%
057%
(2/10)
(1/20)
(1120)
tenefanattad a/ea
111,04011
Mont, to Date $29,048.0
Year to Date 112,753,4
nwesfnt
323,427.4
107,132,8
Val MM1
517,6066
101,314.0
5.31% (6123)
4.46% (023)
420% (6123)
0.34% (6/15)
11%•11117$10
WSW
59,3542
8,350.4
978,0
3,0835
Tlweaald
$30,019.8
200,250.5
This weeks wine troikas sales eapeued b dose on FrldgcN18 week's estYnered edlme err -Wes bend otarhgs on Clay
to del schedule.
Short -Term Tax -Exempt Yields
Salaebd MIG•113P•1+Noma
Los Angeles Co Trans 2,50s (June 12)
lbxaaTrans 2.00s (Aug 11)
Jun 29, 2011
0,34
0.15
Munidpel Market Data
Committal Paper (30 -Day) 0.15
One -Month Note (MIG•1) 0.15
Three -Month .. 0.18
SIx4Aonth 0.18
One -Year ..•. ....>...> 0.28
Variable-Rale Demand (Non-AMT/AMT)
Belly General ldadcat 0.12/0.08
,b1108,8011
Seven -Day General Monies. 0.23/0.32
Jun 28, 2011
0.35
0.14
0.15
0.15
0,18
0.18
0.26
0.13/0.06
Jun 22,2011
025/6.34
Jon 30,2010
0.45
11.2.
0.30
0.32
032
0.32
0.39
1.31/1.65
..0.104 2010
0.37/0.53
Barclays Capita
Money Market Municipal Index, . . .... , ... .........
Cldgroap Global Markets Me.
Base Rale (tamale and la -attempt) .. . ... ... .... . ... .
Jun20,2011
0.61
0.40
Jun 22, 2011 .lust 302010
0.67 1.31
0.40 0.53
The Bond Bttyar
One•Year Note index
Modes & Co.
Jefferles Short Tenn Index Rate (Jel 5TR) . , ... • . • ,
Municipal Market Data
The SIFMAnr Mai pal 9xap Inttdt
.0.29,2011
0.34
0.10
Jun 22, 2011
0.11
Jon 22,2011 Jun30,2010
0.34 0.64
0.12 024
Juo 15, 2011 Jun 23, 2010
0.13 0.31
Feb 24,2011 Fab 17,2011 Fab 25, 2010
0.22 0.26
Municipal Market Data General Obligation Yields
Ass
Aaa
(pure)
(ins)
Aa
A
Bea
2012
0.23
0.62
0.28
0.78
1.68
2016
1.25
2.06
1.43
2.13
3.21
2021
2.70
3.60
2.94
3.74
4.66
2026
3.46
4.36
3.70
4.49
5.35
2031
3.88
4.72
4.11
4.83
5.67
2036
4.24
4.95
4.44
5.06
5.85
2041
4.30
5.00
4.49
5.11
5.90
rlgares are for 3211 pm Easlem ema.ln 22, 2011. Akhagh they have been aMM1ed from somas -considered rola* ewe le no
wank* atearrpi4enesa eracasacyThe above date, ;folded by kknicl+ai MetketData (61re562903), is Ma copyrOt moldy
at1imram Wain/ am is rut be*abeam .
U.S. Securities Prices
Prices as of 3:30 p.m. ET. Source: Thomson Reuters
Treasury Bills
WMroNa
frpotent1dawtm0 etduler
1 M - 7/28/2011 0.015/015
3M - 9/2912011 0.020/010
6M -12/29/2011
Treasury Notes and Bonds
Owe,* net)
2Y - 0.38% due 612013
5Y - 1,50% due 6/2016 , .
10Y - 3.13% due 512021
30Y - 438% due 5/2041
0105/095
Waerde/s
NNW
99.25+126+
99.00+/016
10000+102+
99.260/280
iRa Ah
UMW
0.015/015
0.035/025
0.115/095
avow.
eWUeer
99,246/256
n.aJn.a.
100.23+125+
100.22(/24+
YaMsai fl
Weld
0,015
0.020
0.107
Womble"
W rind
0.478
1.707
3.123
4.386
Pen signs imitate an add)0ot.I w»4ate. 0 rro bid is.vanae4. the yield 84ea tsptesenrs 1M ynld r iM lot trade.
Bai aysCapitalLongTie suryBondindex
mule. abut
nerd Index
Vow* Prix. 0 y Ching*
Close 1834.49 1846.37 -11.87
F9gh 1847.74 -
Low 1834.49 The eardays 0ap014 Lang 1ttwury Bond 1nde- a r.propms tee
la and a0 y.are (Dec. 31. 1990=1000..)
Y-Mrday Pray. Day
4.04 3.99
Tarr
Mange Rrum
+0.05 18560,63
- - - 18694.16
- - - 18560.63
tee axerage et 111 pubfaly ha bsuas *Wen mama's% oaxosn
Visible Supply Declines
2
0
0
May 19 - Jun 30
11
5119
IIII114111111111111111111111 I
5/24 5127 6/t 6/6 6/9 614 6/17 622 6/27 6/30
MI Competitive G14egotated
Figures are in b8l6ans of Dollars