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 Rate Bonds or Alternate Floating Rate Bonds. The County Mayor or designee is authorized to finalize terms, execute agreements, and manage the issuance and conversion process. The funds will be used for various community projects previously approved under separate resolutions dating back to 2004, including water/sewer, parks, public infrastructure, public safety, healthcare, housing, and cultural/library facilities. The agenda item is scheduled for the Board of County Commissioners on July 21, 2026.