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Home My Public Portal AboutTAB 17.pdfWEISS SEROTA HELFMAN PASTORIZA COLE & BONISKE, P.L. MITCHELL BIERMAN. P.A. NINA L. BONISKE. P.A. MITCHELL J. BURNSTEIN, P.A. JAMIE ALAN COLE, P.A. STEPHEN J. HELFMAN, P.A. GILBERTO PASTORIZA, RA. MICHAEL 5. POPOK, P.A. JOSEPH H. SEROTA, P.A. SUSAN L. TREVARTHEN, P.A. RICHARD JAY WEISS, P.A. DAVID M. WOLPIN, P.A. DANIEL L. ABBOTT GARY L. BROWN JONATHAN M. COHEN IGNACIO G. DEL VALLE JEFFREY D. DECARLO ALAN L. GABRIEL DOUGLAS R. GONZALES EDWARD G. GUEDES JOSHUA D. KRUT MATTHEW H. MANDEL ALEXANDER L. PALENZUELA-MAURI ANTHONY L. RECIO BRETT J. SCHNEIDER CLIFFORD A. SCHULMAN LAURA K. WENDELL ATTORNEYS AT LAW A PROFESSIONAL LIMITED LIABILITY COMPANY INCLUDING PROFESSIONAL ASSOCIATIONS MIAMI-DADE OFFICE 2525 PONCE DE LEON BOULEVARD SUITE 700 CORAL GABLES, FLORIDA 33134 TELEPHONE 305-854-0800 FACSIMILE 305-854-2323 WWW.WSH-LAW.COM BROWARD OFFICE 200 EAST BROWARD BOULEVARD • SUITE 1900 FORT LAUDERDALE, FLORIDA 33301 TELEPHONE 954-763-4242 • FACSIMILE 954-764-7770 *OF COUNSEL July 18, 2011 The Village Council of the Village of Key Biscayne, Florida Key Biscayne, Florida Pinnacle Public Finance, Inc. Scottsdale, Arizona LORI ADELSON* LILLIAN M. ARANGO SARA E. AULISIO BROOKE P. DOLARA RAOUEL ELEJABARRIETA CHAD S. FRIEDMAN OLIVER GILBERT* ERIC P. HOCKMAN JOHN J. KENDRICK II I HARLENE SILVERN KENNEDY* KAREN LIEBERMAN* JOHANNA M. LUNDGREN ALEIDA MARTINEZ MOLINA* KATHRYN M. MEHAFFEY MATTHEW PEARL TIMOTHY M. RAVICH* AMY J. SANTIAGO DANIEL A. SEIGEL GAIL D. SEROTA* JONATHAN C. SHAMRES ESTRELLITA S. SIBILA SCOTT M. SINGER* ALISON F. SMITH ANTHONY C. SOROKA EDUARDO M. SOTO JOANNA G. THOMSON MICHELLE D. VOS PETER D. WALDMAN* JAMES E. WHITE SAMUEL 1. ZESKIND Re: $4,450,000 Village of Key Biscayne Florida Stormwater Utility Revenue Refunding Bonds, Series 2011 Ladies and Gentlemen: We have acted as Village Attorney for the Village of Key Biscayne, Florida (the "Village") in connection with the issuance of the Village's $4,450,000 Stormwater Utility Revenue Refunding Bonds, Series 2011 (the "Bonds"). In such capacity, we have examined the following: a. Ordinance No. 2011-3 adopted by the Village Council on June 14, 2011, Resolution No. 2011-10 adopted by the Village Council on May 24, 2011, and Resolution No. 2011-12 adopted by the Village Council on June 14, 2011, authorizing the issuance of the Bonds (collectively, the "Bond Ordinance"); b. The Village Charter, as amended (the "Charter"), and Chapter 166, Florida Statutes, as amended; and 32H5897.DOC The Village Council of the Village of Key Biscayne, Florida Pinnacle Public Finance, Inc. July 18, 2011 Page 2 c. Such other documents, certificates, records and proceedings as we have considered necessary to enable us to render this opinion. Based on such examinations, we are of the opinion that: 1. The Bond Ordinance has been duly adopted and no further action of the Village is required to authorize the issuance, sale and delivery of the Bonds. The Bond Ordinance constitutes a legal, valid and binding obligation of the Village, enforceable in accordance with its terms, except as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws relating to or affecting creditor's rights generally or by general principles of equity. 2. The issuance, sale and delivery of the Bonds and the adoption of the Bond Ordinance and compliance with the provisions thereof, under the circumstances contemplated thereby, are permitted under the provisions of the Charter, including, in particular, Section 4.10 thereof, and to the best of our knowledge without undertaking any independent research, do not and will not in any way constitute a breach or default under any agreement or other instrument to which the Village is a party or any existing law, regulation, court order or consent decree to which the Village is subject. 3. To the best of our knowledge, there is no action, suit, proceeding or investigation at law or in equity before or by any court, public board or body, pending or threatened against or affecting the Village, wherein an unfavorable decision, ruling or finding would materially adversely affect the Village's obligations under the Bond Ordinance or adversely affect the validity of the Bonds or the security therefor. Respectfully submitted, WEISS SEROTA HELFMAN PASTORIZA COLE & BONISKE, P.L. 32H5897.DOC By: rey D. DeCarlo WEISS SEROTA HELFMAN PASTORIZA COLE & BONISKE, P.L.