HomeMy Public PortalAboutTab 13.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 Transportation Tax Revenue Refunding Bonds, Series 2011 (the "Bonds") are being
issued and sold as a single registered Bond maturing on July 1, 2025 in the aggregate principal
amount of $2,808,952 on this date, (ii) such single bond bears interest at the rate of 2.42% per
annum, (iii) as evidenced by the attached copy of a page of The Bond Buyer published on August
31, 2011, the average net interest cost rate, computed in accordance with Section 215.84(3),
Florida Statutes, by adding 300 basis points to 4.09% ("The Bond Buyer 20 Bond Index"
published immediately preceding the first day of the calendar month in which the Bonds are sold)
is 7.09%, and (iv) the interest rate on the Bonds does not exceed the average net interest cost rate.
Dated as of the 30th day of September, 2011.
VILLAGE OF KEY BISCAYNE, FLORIDA
anklin Caplan, Mayor
Wednesday, August 31,201 1
www.bondbuyer.co m
Market Indicato rs
Dollar amnnnk aria in millinno
Market Statistics
21
Day's 2011 2011
Daily Yesterday Change High Date Low Date
Municipal Bond Index 114.23 —1/32 115-26 (8/4) 102-20 (1/14)
40 Average Dollar Price 102. 82 —0.02 103.80 (8/4) 89.33 (1/14)
Average Yield to Par Call 4.90 unch 6.67 (1/14) 4.78 (8/4)
Average Yield to Maturity 5.08 unch 5.95 (1/18) 5.02 (8/4)
30 -Day Visible Supply ($mills)
Total (Aug 31) $5,226.4 +$476.2 $12,103.7 (7/19) $3,528.0 (8/26)
Competitive 1,767.4 —11.6 4,657. 7 (7/19) 408. 1 (2/18)
Negotiated 3,458. 9 +487.9 9,447.0 (2/11) 2,427. 8 (8/26)
The 30 -Day Visible Supply reflects the total dollar volume of bonds to be offered at competitive bidding and through negotiation
over the next 30 days. It includes issues scheduled for sale on the date listed along with anticipated offerings listed in that day's
"Competitive Bond Offerings" and "Negotiated Bond Offerings" tables published on Bondbuyer. com.
Current Day's 2011 2011
Total Change High Date Low Date
Weekly
Current Previous 2011 2011
8/25/11 8/18/11 High Date Low Date
Bond Buyer Revenue Bond Index 5 .13% 5.10% 5 .67% (2/10) 5.09% (8/11)
Bond Buyer 20-BondIndex 4.09% 3 .83% 5 .41% (1/20) 3 .83% (8/18)
Bond Buyer 11 -Bond Index 3.81% 3.55% 5.16% (1/20) 3.55% (8/18)
Bond Buyer One -Year Note Index 0.31% 0.31% 0 .57% (1/6) 0.28% (7/20)
New -Issue Sales (S mlka)
Wk of 9/2/11 Wk of 8/28/11 Wk of 8/19/11 Wk of 8/27/10
ESTIMATE ACTUAL REVISED REVISED
Long -Ter m Bonds $1,196 .2 $4,415.4 $6,474.6 $7,179 .2
Negotiated Bonds 788 .6 3,479.5 5,284 .3 5,655 .4
Competitive Bonds 407.6 935.9 1,150.5 1,357.2
Short -Ter m Notes 192.9 10,159.8 493.2 8,401 .4
L ong -Term Bond Saks Thru 8%31/11 Thru 8/28/11 Thru 8/19111 Thru 827/10
Month to Date $21,208.2 $20,059.1 $15,643.7 $27,977.1
Year to Date 163,485.3 162,336.2 157,920.8 262,041.4
This week's volume excludes sales expected to close on Friday. Next week's estimated volume excludes bond offerings on a "day
to day' schedule.