HomeMy Public PortalAbout13-CERTIFICATE OF VILLAGE.pdfCERTIFICATE OF VIT,I,AC,E AS TO ~OMPI~TAT~ON
OF INTEREST RATE IN COMIPI_IIANCE WITH
SECTION 215.84(3) FLORIDA STATUTES
The undersigned, Mayor of the Village of Key Biscayne, Florida hereby certifies that (i)
the Village's Water and Sewer Revenue Bonds, Series 2009 (the "Bonds~ are being issued and
sold as registered Bonds maturing on November i, 2024 in the aggregate principal amount of
$ 1,200,000 on this date, (ii) such Bonds shall bear interest at the rate of 4.80% per annum, (iii) as
evidenced by the attached copy of a page of The Bond Buyer published on October 29, 2009, the
average net interest cost rate, computed in accordance with Section 215.84(3), Florida Statutes,
by adding 300·basis points to 4.31% ('"The Bond Buyer 20 Bond Index" published immediately
preceding the first day of the calendar month in which the Bonds are sold) is 7.3 1%, and (iv) the
interest rate on the Bonds does not exceed the average net interest cost rate.
Dated as of the 10th day of November, 2009.
VILLAGE OF KEY BISCAYNE, FLORIDA
By:
Robert L. Vernon, Mayor
(M186U483_1)
Thursday, Qetober 29, 2009
www.bondbuyer.com
Cur~ei~f Previbus ' :2009 2M)9 W~ekly 1W22/Q9 1011Y09 High Date Low Date
Bondeuye!RevenpeeondIndex......';. 4.83~~ 4.8~% 5.~0~0 (1/8) 4.690/0
Bpnd Buyei2OBona Index:.;;~.;.~;.... 4.31~ 4~32% 5;16% (1129) 3.9;1% (10H)
Boni]Buyer!~·Bond ~dex~...:....:.:. 4.04% 4.050/0 -4~94a/o ~129) 3.69% (1011)
Bond ayer One-Year Note !naex, ....... 0.54X 0.57% 1;09% ·(118) 0.540/0 (10/21)
Wkl~oTJnras w~o~~omrw Wkd101~m0 WkdlM4~8 .Neu~·lsrue~ale~(SmiIls) ES~Bn~Arr I\CTU~P~L REVISU) · REVISED
Long-Terin Bonds ........., ........._ $1'0,786.3 $4,429.1 $8,039:6 $5,507.2
Negoiiat~l:Bonds .,;.......;....._.. :.... 9,172.3 9,459.6 ~6~508.1 5,174.9
Com~etitive·B~nd~. ...........·:. ........., 7,614.0 969.j: 1,51;i2 322;5
Short-Teimli~bies ...:.....__ ...... i 1,058.4 625.1 482.5 1,168.8
LangTermBbndSdles Thru1~3~69 Thrul0l2YOg l~u 1W6/W Thru 1(124/08
Month to aale .....; . ;, .-. ........._., $39,366.4 $28,880.1 ~24,151.0 $13,711.2
Year to Dafe........ ; ................'. ... 328;714.7 . 31 7,928.4 313,499.3 334,61 3.0
Tfiis weeKS volume includessales ej~pecti~ to aose·on Fridgy.Next weeKs.estimate~ Mllnne ekcludes bpndofferings on a'day to
day" schedule.