TRANSIT DRAWDOWN RESOLUTION

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

Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00, to fund transportation and transit projects. The bonds will be issued through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for up to $200,000,000.00 to be outstanding at any time in a drawdown mode, with the option to convert to fixed or alternate floating rates later. The funds will be used for transit capital improvement projects as described in Appendix A of the resolution. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion of these bonds. This is a legislative matter currently in draft, with an agenda date of 7/21/2026.