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Home My Public Portal About16) Opinion of Weiss Serota Helfman Pastoriza Cole & Boniske, P.L., Village Attorney.pdfWEISS SEROTA HELFMAN PASTORIZA COLE & BONISKE, P. L. MITCHELL BIERMAN, P.A. NINA L. BON'SKE, P.A. MITCHELL J. BURNSTEIN, P.A. JAMIE ALAN COLE, P.A. STEPHEN J. HELFMAN, P.A. GILBERTO PASTORIZA, P.A. MICHAEL S. 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 LILLIAN M. ARANGO GARY L. BROWN JONATHAN M. COHEN IGNACIO G. DEL VALLE JEFFREY D. DECARLO ALAN K. FERTEL CHAD S. FRIEDMAN ALAN L. GABRIEL DOUGLAS R. GONZALES EDWARD G. GUEDES JOSEPH HERNANDEZ ROGER S. KOBERT JOSHUA D. KRUT MATTHEW H. MANDEL JOHN J. QUICK ANTHONY L. RECIO BRETT J. SCHNEIDER CLIFFORD A. SCHULMAN MARC SOLOMON LAURA K. WENDELL JAMES E. WHITE 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 January 7, 2014 The Village Council of the Village of Key Biscayne, Florida Key Biscayne, Florida Pinnacle Public Finance, Inc. Scottsdale, Arizona SONJA C. DARBY BROOKE P. DOLARA RAQUEL ELEJABARRIETA* DANIEL A. ESPINO ERIC P. HOCKMAN KELLY RAINS JESSON KAREN LIEBERMAN* JUSTIN D. LUGER JOHANNA M.LUNDGREN MIA R. MARTIN ALEIDA MARTINEZ MOLINA* KATHRYN M. MEHAFFEY ROBERT A. MEYERS* MATTHEW PEARL MARC C. PUGLIESE* CARLOS M. RODRIGUEZ* GAIL D. SEROTA* ALISON F. SMITH* ANTHONY C. SOROKA EDUARDO M. SOTO PABLO A. TAMAYO JOANNA G. THOMSON PETER D. WALDMAN* ALICIA H. WELCH SAMUEL I. ZESKIND Re: $6,575,000 Village of Key Biscayne Florida Stormwater Utility Refunding and Improvement Revenue Bonds, Series 2013 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 $6,575,000 Stormwater Utility Refunding and Improvement Revenue Bonds, Series 2013 (the "Bonds"). In such capacity, we have examined the following: a. Ordinance No. 2013-9 adopted by the Village Council on December 3, 2013 and Resolution No. 2013-42 adopted by the Village Council on December 3, 2013, 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 c. Such other documents, certificates, records and proceedings as we have considered necessary to enable us to render this opinion. The Village Council of the Village of Key Biscayne, Florida Pinnacle Public Finance, Inc. January 7, 2014 Page 2 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. By: WEISS SEROTA HELFMAN PASTORIZA COLE & BONISKE, P.L.