HomeMy Public PortalAboutTAB 14.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 Capital Improvement and Land Acquisition Revenue Refunding Bonds, Series 2011
(the "Bonds") are being issued and sold as a single registered Bond maturing on November 1,
2022 in the aggregate principal amount of $1,865,000 on this date, (ii) such single bond bears
interest at the rate of 2.41% per annum, (iii) as evidenced by the attached copy of a page of The
Bond Buyer published on July 31, 2011, the average net interest cost rate, computed in
accordance with Section 215.84(3), Florida Statutes, by adding 300 basis points to 4.47% ("The
Bond Buyer 20 Bond Index" published immediately preceding the first day of the calendar month
in which the Bonds are sold) is 7.47%, and (iv) the initial interest rate on the Bonds does not
exceed the average net interest cost rate.
[Signature Page Follows]
32L078102.00C
Dated as of the 1st day of August, 2011.
VILLAGE OF KEY BISCAYNE, FLORIDA
i
lin Caplan, Ma or
Signature Page to
Certificate of Village as to Computation of Interest Rate
2
Erlday luty 29, 2011
www.bandbuyer.com
Market Statistics
Bond Buyer indexes
Average Municipal Bond Yields - Canpiled Weekly
2011
JUL 28
21
14
7
20 -Bond
GO Index'
11 -Bond
GO Index'
2541ond
Revenue"
17
10 -Year 30 -Year
Treasury' Treasury'
4,47 4.19 5.32 2.96 4.29
4.46 4.18 5.32 3.01 4.32
4.51 4.24 5.30 2,95 4.25
4.65 4.37 5.36 3.15 4.3E
JUN 30 4.59 4.30 5.34 3.17 4.38
23 4.46 4.20 5.31 2.92 4.17
16 4.49 4.23 5.32 2.92 4.16
9 .. 4.49 4.23 6.34 3.00 4.23
2 4.51 4.26 6.33 3.03 4.25
MAY 26 4.53 4.27 5.35 3.07 4.23
19 4.55 4.29 5.40 3.18 430
12 4,61 4.36 5.41 3.23 4.35
5 4.69 4.43 5.45 3.16 4.26
APR 28 4.86 4.59 5.51 3.32 4.42
20 4.98 4.72 5.54 3.41 4.47
14 5.06 4.79 5.58 3.49 4,64
7 5.04 4.78 5.61 3.56 4.83
MAR 31 5.00 4.73 6.56 3.48 4.52
24 4.91 4.64 5.52 3.42 4.49
17 4.86 4.80 5.50 3.24 4.42
10 4.91 4.65 5.52 3.37 4.52
3 4.90 4.83 5.58 3.57 4.64
FEB 24 4.96 4.70 5.57 3.45 4.54
17 5.10 4.84 5.60 3.58 4.66
10 5.29 5.04 5.87 3.70 4.80
3 5.26 5.00 5.63 3.56 4.87
JAN 27 5.25 5.00 5,61 3.40 4.57
20 6.41 5..16 5.66 3.44 4.00
13 5.39 6.14 5.60 3.31 4.50
6 5.08 4.84 5.44 3.42 4.54
2010
DEC 29 4.96 4.71 5.38 3.34 4.41
22 5.00 4.74 5.42 3.35 4.45
16 5.15 4.87 5.48 3.40 4.58
9 4.86 4.60 6.32 3.22 4.41
2 4.66 4.39 5,15 3.00 4.27
NOV 23 4.80 4.34
16 4.72 4.47
10 4.24 3.98
4 ...., 4.02 3,77
5.16
5.25
4.87
4.71
2.77 4.18
2.91 4.29
2.68 4.26
2.49 4.04
20 -Bond 11 -Bond 25 -Bond 10 -Ye 30 Year
GO Index' GO Index' Revenue' Treasury' Treasury'
OCT28 3.96 3.71 4.07 2.67 4,05
21 3.84 3.58 4.80 2.55 3.96
14 3.82 3.56 4.57 2.50 3.90
7 3.84 3.68 4.58 2.40 3.72
SEP 30 3.84 3.59 4.59 2.52 3.69
23 3.83 3.57 4.58 2.56 3.74
16 3.89 3.63 4.63 2.78 3.93
9 3.92 3.87 4,65 2.78 3,84
2 3.86 3.80 4.83 2.63 3.72
AUG 26 3.88 3.61 4.81 2.50 3.53
19 4.03 3.76 4.69 2.58 3.87
12 4.06 3.80 4.74 2.75 3,95
5 4.18 3.89 4.79 2.91 4.06
JUL 29 4.21 3.94 4.80 3.00 4.08
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Weekly Yields of 20 -Bond GO Index and Treasury Securities
6.
500
4.00
3.00
2.00
7/29/2010 10Y28/2010 1/27,/2011 4/26/2011
4111 20 -Bond Index
'Treasury Note
Treasury Bond
Laienl Previous Year 12 -Month
Week Week Ago Hlgk Low
20•Bond Index 4.47 4.46 4.21 5.41 3.82
10 -Year Treasury Note 2.96 3.01 3.00 3.70 2.40
30 -Year Treasury Bond 4.29 4.32 4.08 4.80 3.53
Basis P1 Spread to Note -151 -145 -121 -113 _ -208
B81 as % o1 Note 151.0 148.2 140.3 166.1 137.3
Basis Pt Spread to Bond -18 -14 -13 +12 -89
661 as % of Bond 104.2 103.2 103.2 119.8 97.0
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THE BOND BUYER