5.2 Certificate of Airport Consultant CERTIFICATE OF AIRPORT CONSULTANT
September 15,2022
Key West International Airport BofA Securities,Inc. PNC Capital Markets LLC
Monroe County,Florida One Bryant Park, 12th Floor 201 N.Franklin Street,Suite 1500
1100 Simonton Street,Suite 205 New York,NY 10036 Tampa,FL 33602
Key West,FL 33040
$41,340,000
MONROE COUNTY,FLORIDA
AIRPORT REVENUE BONDS
(KEY WEST INTERNATIONAL AIRPORT),SERIES 2022(AMT)
We consent to the inclusion in the Preliminary Official Statement dated August 18, 2022 (the
"Preliminary Official Statement") and in the Official Statement dated August 31, 2022 (together with any
supplements and amendments thereto,the"Official Statement")relating to the issuance by Monroe County,
Florida (the"County") of the above-captioned 2022 Bonds, of the Report of the Airport Consultant,dated
August 18,2022(the"Report")which appears in Appendix C of the Preliminary Official Statement and the
Official Statement and to references to us and to the Report contained in the Preliminary Official Statement
and the Official Statement.
1. The Airport Consultant has been retained by the County to act as the independent consultant for the
County (the "Airport Consultant") and was retained by the County to prepare the Report. The
Airport Consultant was responsible for the compilation of certain financial and statistical
information and data relating to the Airport and relied upon in support of the analysis thereof
contained in the Report. The Report was prepared in accordance with generally accepted consulting
practices and the undersigned believes that the assumptions used in preparing the Report are
reasonable based on the information provided to the Airport Consultant by the County, financial
advisors,and others.
2. In connection with the preparation of the Report, personnel of the Airport Consultant have
participated in meetings and discussions with and,where applicable,have received information and
assumptions from representatives of the County, Bond Counsel, Disclosure Counsel, and the
Financial Advisor with respect to the issuance of the 2022 Bonds. Personnel of the Airport Consultant
have also:(i)reviewed the latest available financial statements and other financial information made
available by the County attributable the Airport as of the date of our Report; (ii)consulted with the
staff of the County responsible for financial, operation and other matters, and(iii)undertaken such
other procedures as are deemed necessary under the circumstances. Based on these procedures,
nothing has come to the attention of the Airport Consultant in connection with the preparation of the
Report which would cause us to believe that the Report, or any of the statements specifically
attributed to the Airport Consultant in the Preliminary Official Statement,as of its date,or the Official
Statement,as of its date or as of the date hereof,are inaccurate in any material respect.
3. We have reviewed the Preliminary Official Statement and the Official Statement and the information
in the Preliminary Official Statement and the Official Statement attributable to the Airport
Consultant,including but not limited to the information in the sections therein entitled"THE SERIES
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2022 PROJECT AND PLAN OF FINANCE — ESTIMATED SERIES 2022 PROJFCT COST AND
FUNDING," "THE COUNTY AND THE AiRpoia and "REPORT OF THE AIRPORT
CONS U LTANT" and "APPENDIX C — REPORT OF THE AIRPORT CONS ULTAN'I"' attached
thereto does not contain as of their respective dates or, with respect to the Official Statement, as of
the date hereof, any untrue statement of a material fact or•omit or fail to state a material fact required
to be.stated therein or necessary to make the statements therein, in light of the circumstances under
which they were made,not misleading.
4. This Certificate is solely for the information of, and assistance to, the County, the Underwriters and
their respective counsel in conducting and documenting their investigation of the matters covered
by the Report in connection with the offering pursuant to the Official Statement for the 2022 Bonds,
and is not to be used, circulated, quoted or otherwise referred to for any other purpose, including,
but not limited to, the purchase or sate of securities, except that reference may be rnade to it in any
list of closing documents pertaining to such offering.
5. 1 am authorized to deliver this Certificate on behalf of the Airport Consultant.
NEWTON 61k, ASSOCIATES, INC.
By:
Name: L4W
Title: V/eel
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