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<br />. <br /> <br />. <br /> <br />CERTIFICATE OF CITY AS TO COMPUTATION <br />OF INTEREST RATE IN COMPLIANCE WITH <br />SECTION 215.84(3) FLORIDA STATUTES <br /> <br />. <br /> <br />The undersigned, Mayor of the City of Sunny Isles Beach, Florida hereby certifies that (i) <br />the City's Capital Improvement Revenue Bonds, Series 2010, (the "Bonds") are being issued and <br />sold as a single registered Bond maturing on March 24, 2025 in the aggregate principal amount <br />of $15,000,000 on this date, (ii) such single Bond bears interest at the rate of 4.20 % per annum, <br />(iii) as evidenced by the attached copy of a page of The Bond Buyer published on February 26, <br />2010, the average net interest cost rate, computed in accordance with Section 215.84(3), Florida <br />Statutes, by adding 300 basis points to 4.36% ("The Bond Buyer 20 Bond Index" published <br />immediately preceding the first day of the calendar month in which the Bonds is sold) is 7.36%, <br />and (iv) the interest rate on the Bonds does not exceed the average net interest cost rate. <br /> <br />. <br /> <br />Dated as of the 24th day of March, 2010. <br /> <br />. <br /> <br />CITY OF SUNNY ISLES BEACH, FLORIDA <br /> <br />. <br /> <br /> <br />e;/ <br /> <br />. <br /> <br />,- <br /> <br />. <br /> <br />. <br /> <br />lM1886561_21 <br /> <br />. <br />