GOB DRAWDOWN

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County is authorizing the issuance of up to $350,000,000 in General Obligation Bonds (Building Better Communities Program) to fund capital projects. These bonds will initially be issued in a drawdown mode, with Wells Fargo Municipal Capital Strategies, LLC as the purchaser. The bonds can be converted to a fixed rate or an alternate floating rate. The Office of Management and Budget is the requester. The Board of County Commissioners is the acting body. The agenda date is July 21, 2026. This action is part of a larger bond program established by prior ordinances and resolutions dating back to 2004, which have funded various categories of projects including water/sewer, parks, public infrastructure, public safety, healthcare, housing, and cultural facilities. The total authorized amount for the Building Better Communities Program under Ordinance No. 05-47 and Resolution R-576-05 is $2,925,750,000.