TRANSIT DRAWDOWN ORDINANCE

Board of County Commissioners · 2026-06-16 · ordinance

Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan, as detailed in Exhibit A. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The funding source for repayment is the one-half of one percent (0.5 percent) discretionary sales surtax. No public comment is stated in this document.