GOB DRAWDOWN

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

Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in General Obligation Bonds (Building Better Communities Program) to fund capital projects. These bonds will initially be issued as Drawdown Bonds, purchased by Wells Fargo Municipal Capital Strategies, LLC, and can be converted to fixed or alternate floating rates. The County Mayor is authorized to finalize terms, select agents, and execute necessary documents. This action is part of a larger bond program established by prior ordinances and resolutions dating back to 2004 and 2005, which have funded various projects including water/sewer, parks, public infrastructure, public safety, healthcare, housing, and cultural facilities. The issuance aims to provide funding for 'Community Projects' as detailed in Appendix A of the Series 2026 Resolution.