HomeMy Public PortalAbout13) Certificate of Village as to Computation of Interest Rate in Compliance with Section 215.84(3), Florida Statutes.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 Refunding and Improvement Revenue Bonds, Series 2013 (the
"Bonds") are being issued and sold as a single registered Bond maturing on October 1, 2030 in
the aggregate principal amount of $6,575,000 on this date, (ii) such single bond bears interest at
the rate of 3.35% per annum, (iii) as evidenced by the attached copy of a page of The Bond Buyer
published on December 31, 2013, the average net interest cost rate, computed in accordance with
Section 215.84(3), Florida Statutes, by adding 300 basis points to 4.73% ("The Bond Buyer 20
Bond Index" published immediately preceding the first day of the calendar month in which the
Bonds are sold) is 7.73%, and (iv) the interest rate on the Bonds does not exceed the average net
interest cost rate.
Dated as of the 7th day of January, 2014.
VILLAGE OF KEY BISCAYNE, FLORIDA
'}_
lin Caplan,
12
Market Statistics
Tuesday, December 31, 2013
The Bond Buyer
Market Indicators
Dollar amounts aro in millions
Daily Yealemay
Municipal Bond Index 111.12
40 Average Dollar Price 97.69
Average Yield to Par Call 529
Average Yield to Maturity 5.13
Cement
Total
30 -Day Visible Supply (Smits)
Total (Dec 31) 64,328.9
Competitive 2,632.3
Negotiated 1,696.6
Day's
Change
4432
40.10
-0.01
-0.01
Change
+119.1
+71.5
+47,6
2013
High
132-25
105.42
6.35
5.34
Hlph
815,785.5
4.561.5
12,923.8
Date
(1124)
(1/24)
(mi)
l
2013
Low Date
107-01 (915)
84.90 (6/24)
3.57 (1/24)
3.94 (1/24)
013
Date tow
{u 8(
(6/25)
$$214.5
649.2
1,395.0
Date
(12119)
(1118)
(12120)
The 30 -Day 81si11e Snp>y x8e03 he gill dollar wium of tot to to oeted 2t utnlpNRhe tidlir y and ;Hough rogodim ow
to dada) ar3.116L:lutks r<Iws xheltdd taw Mean the date listedalong e8h axicipied otkrhap Ioaed In 1181 days °61608 live
Bond MOW arci'Negatded Bard 66e.6rgs' tanks pubTdhed on Pmd&8e'tseo.
Weekly 12,. en3
Bond Buyer Revenue Bond Index 5.33%
Bond Buy& 20 -Bond Index 4.73%
Bond Buyer 11 -Bond Index 444%
Previous 2013
12119113 High
5.40%
4.73%
444%
Wk011/3114
*wino Sibs M WPM ESTIMATE
Long-Torm Bonds 80.8
Negotiated Bonds 0.0
Competitive Bonds 0.8
Short -Term Notes 7.2
5.40%
5.03%
4.75%
Wk of 1ACT AL
817.0
17.0
0.0
3.6
Date
(12119)
(915)
2013
Low Dale
4.19% (512)
353% (1/17)
329% (1/17)
Wt 4112lyddl3
MATO
84,088.1
2,800.6
864.0
458.8
Wkor12RW2
awe
$314.0
217.8
0.0
21.4
Lagdwm egad Salm lbra1f3,14 l027113 Thiu12Ran3 Tkn1$sa/12
Month to Date 50.8 825,152.1 $25,135.1 626,610.6
Year to Date 25,152.9 320,460.1 329,4431 379,460.9
ills weed's macree xlilrles sari es ededloclowcn Frk10. Ned te It a dmale1 v/inso eidulza bond sdredngs do a'day ro dy
schedule.
Visible Supply
Competitive Negotiated Total
($800s) ($000s) ($0000)
Competitive Negotiated Total
($0000) ($0000) ($000s)
Weekly Averages
12/27 2,326,686 1588,985 3,913,671
12/20 1,869,221 2,293,118 4,162,340
12/13 3,41X!,766 9,773,452 13,264,218
12106 2,359,065 9,166,415 11,525,480
11/29 2,072,591 5,728,200 7,800,871
11122 1,806,817 5,676,409 7,483,226
11/15 2,214,854 6,454,204 8269,057
1118 2,159,693 5,817,468 7,977,161
11/01 2,039,932 5,848,496 7,.r r 428
10125 2,405,993 8.241,267 10,647,259
10118 2,203,393 7.283,829 9,487,222
10/11 1,115,066 6,524,744 7,630,809
10/04 1,139,871 6,346,350 7,486,221
Monthly Averages
Nov 13 2,067,696
06 1,195,452
Sep 1,4!4,802
Aix) 1,539,407
Jid 3,122,608
Jun 2,6'10208
May 2,214,577
Apr 2,461,308
Mar 3,066,403
Felt 3,705,026
Jan 2,909,8'6
Dec12 2,277,622
Nov 2,000.484
5,822,498
6,922,761
5476,862
6,499,632
9,255,160
8293,167
4,642,217
7,055,930
6.504,778
4,659,262
5,030,447
4.986,110
7,730,512
7,530,194
8,718,213
6,971,664
8,039,038
12,377,769
10,923,370
7,056794
9,517,236
9,571,101
8,365,089
7,940,333
7,263,732
9,730,995
NI XI -6.1y vstnsypyarm3itel did Ens,Th83118.yvt Ozpelrce0lNgh4s181anl6161 oAi+gtcdsnn k list. tt a xkm Rltra.ta5/1
br.ait01aN4 hItTel OSys. from 3si•n13 srrAlamarx0Mehl.ile'l;-Ayviudas Na pt.irt tontheimraa:etim l3100rr.de
napislfsc0/huhxnrtaydr101411.
Visible Supply Increases
18
10
Nov 18- Dec 31
-
14
_
12
-
10
_
-
s
_
e
4
0rT11
11/18 11,21 11126 11129 1214 1217 12/12 12/17 1220 12/20 12,31
•Competitive ONegollale4
Avenue in tM-11em a luaus
Short -Term Tax -Exempt Yields
Dee 30,2013 Dec 27, 2013 Dee 31, 2012
Selected M10 -1/8P-1. Noln
California flans 2.00s (Jona 14) 0.17
Los Angeles Co T1308 2.00s (June 14) 0.16
Texas Trans 2.00s (Aug 14) 0.16
Municipal Melket Dell
One -Month Note (MID -1) 0.10
Two -Month 0.11
Three -Month 0.12
Four -Month 0.13
Flue -Month 0.14
Six -Month 0.15
Nine -Month 0.16
One -Year 0.18
Variable -Rate Demand (Non-AMTIAMT)
Dally (trial Market .. . .. .. . .. ... . .. . .
0.17
0.16
016
0.10
0.11
0.12
0.13
0.14
0.15
0.16
0.18
0.23
0.19
0.17
0.15
0.15
0.15
0.16
0.16
0.17
0.20
0.22
0.08.0.07 0.08/0.08 0.1610.16
Dec 26, 2213 Dec 19, 2013 Dec 27, 2012
Seen -Day General Markets 015/0.19 011021 023./.31
Jennies & Co.
Jelferies Short -Tema Index Rata (Jef STR)
Municipal Markel Data
The SIFMAT. Municipal Swap Index
Dec 18, 2013 Doc 11, 2013 Des 10, 2012
0.07 0.05 014
Dec 11, 2013 Dec 112013 Dec 13, 2012
0.13
9.06
rl 00
Municipal Market Data General Obligation Yields
2014
Asa
Aa Insured
A
Baa
0.17
0.19 0.25
0.33
0.85
2015
0.33
0.36 0.47
0.55
1.26
2018
1.24
1.37 1.61
1.68
2.41
2023
2.77
3.00 3.48
3,57
4.31
2028
3.40
3.65 4.15
4.24
5.00
2033
3.83
4.08 4.57
4.66
5.28
2038
4.08
4.33 4.81
4.90
5.46
2043
4.19
4,44 4.91
5.00
5.55
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