GOB DRAWDOWN

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

Miami-Dade County is authorizing the issuance of General Obligation Bonds (Building Better Communities Program) up to $350,000,000.00. These bonds will be initially issued as Drawdown Bonds and may be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. The purpose is to fund approved capital project costs, including water and sewer projects, parks and recreational facilities, public infrastructure, public safety facilities, emergency and healthcare facilities, public service outreach facilities, housing projects, and cultural, library, and multicultural education facilities. Wells Fargo Municipal Capital Strategies, LLC has been selected to purchase the Drawdown Bonds. The Board of County Commissioners is authorizing the County Mayor or designee to finalize terms, execute documents, and manage the issuance and conversion of these bonds. The decision is pending assignment to the Board of County Commissioners.