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 Revenue Refunding Bonds, Series 2011B (the "Bonds") are
being issued and sold as a single registered Bond maturing on November 1, 2022 in the aggregate
principal amount of $7,130,000 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]
32L045902.DOC
Dated as of the 1st day of August, 2011.
VILLAGE OF KEY BISCAYNE, FLORIDA
B
in ( (f
Caplan, May r
Signature Page to
Certificate of Village as to Computation of Interest Rate
2
Friday,July 29, 2011
www.bondbuyercom
Market Statistics
Bond Buyer Indexes
Average Municipal Bond Yields - Compiled Weeldy
20 -Bond
GO Index'
2011
JUL 28 4.47
21 4.48
14 4.51
7 4.65
11 -Bond
6O Index'
4.19
4.18
4.24
4.37
25 -Band
Revenue'
5.32
5.32
5.30
5.36
10 -Year
Treasury'
2.96
3.01
2.95
3.15
17
30 -Year
Treattuy'
4.29
4.32
4.25
4.38
JUN 30 4.59 4.30 6.34 3.17 4.38
23 4.48 4.20 5.31 2.92 4.17
18 4.49 4.23 5.32 2.92 4.18
9 4.49 4.23 6.34 3.00 4.23
2 4.51 4.26 5.33 3,03 4.25
MAY 28 4.63 4.27 3.38 3.07 4.23
19 4.55 4.29 5.40 3.18 4.30
12 4.61 4.35 5.41 3.23 4.35
5 4.69 4.43 5.45 3.16 426
APR 28 4.88 4.69 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 6.04 4.78 5.61 3.66 4.63
MAR 31 5.00 4.73 5.56 3.48 4.52
24 4.91 4.64 5.52 3.42 4.49
17 4.88 4.60 5.50 3.24 4.42
10 4.91 4.65 5.62 3.37 4.52
3 4.90 4.63 5.68 3.57 4.64
FEB 24 4.95 4.70 5.57 3.45 4.54
17 5.10 4.84 5.60 3.68 4.65
10 5.29 5.04 5.67 3.70 4.80
3 5,25 5.00 5.83 3.66 4.87
JAN 27 5.25 6.00 6.61 3.40 4.57
20 5.41 6.16 5.66 3.44 4.60
13 5.39 6.14 6.60 3,31 4.50
6 5.08 4.84 5.44 3.42 4.54
2010
DEC 29 4,96 4.71 6,38 3.34 4.41
22 5,00 4.74 5.42 3.35 4.45
16 5.16 4.87 5.48 3.40 4.66
9 4.86 4.60 5.32 322 4.41
2 4,85 4.39 5.18 3.00 4.27
NOV 23 4.60
18 4.72
10 4.24
4 4.02
4.34
4.47
3.98
3.77
5.16
5.25
4.87
4.71
277 4,18
2.91 2.88 4.225
2.49 4.04
20 -Bond 11 -Bond 25 -Bond 10•Yaer 30 Year
GO Index' 00 Index' Revenue' Treasury' Treasury'
OCT 28 3.96 3.71 4.67 2.87 4.06
21 3.84 3.68 4.60 2.65 3.95
14 3.82 3.66 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 4.68 2.58 3.74
16 3.89 3.63 4.83 2.76 3.93
9 3.92 3.67 4.65 2.76 3.84
2 3.86 3.60 4.63 2.63 3.72
AUG 28 3.88 3.81 4.61 2.50 3.53
19 4.03 3.76 4.69 2.58 3,67
12 4.06 3.60 4.74 2.75 3.95
5 4.16 3.89 4.79 2.91 4.06
JUL 29 ......... 4.21 3.94 4.60 3.00 4.08
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Weekly Yields of 20 -Bond GO Index and Treasury Securities
6.00
5.00
4.00 •
3.00 •
2.00 ,
, 20 -Bond Index
.1l. Treasury Note
Treasury Bond
729/2010
10/282010
1/27/2011
4/28/2011
7/252011
Liked Previous Year 12 -Month
Week Week Apo High Lew
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 Pt Spread to Note -151 -145 -121 -113 -208
BBI as % of Note 151.0 148.2 140.3 166.1 137.3
Basis Pt Spread to Bond -18 -14 -13 +12 -89
BB! as % of Bond 104.2 103.2 103.2 119.8 97.0
It is against the law to reproduce, retransmit or redistribute The Bond Buyer.
To find out about receiving multiple copies call 800.982.0633
THE BOND BUYER