2026 PUBLIC FACILITIES BONDS (PHT)

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

[case 261219 (File Number); R-595-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-595-26 (Legislative Item File Number 261219) on 7/21/2026, authorizing the issuance of up to $275,000,000 in Public Facilities Revenue Bonds (Jackson Health System), Series 2026, for the 2026 Project (Capital Additions described in Exhibit A, modifiable by the County Mayor). The bonds will be sold via public competitive bid, with proceeds used for project costs, a debt service reserve fund if necessary, and issuance costs. The resolution waives provisions of Resolution No. R-130-06, as amended. A public hearing was held on 7/21/2026, with notice published in The Miami Herald. The document does not specify the exact location, size, or zoning/use change of the 2026 Project, nor does it list specific contractors or trades. The document does not state any public comment or stakeholder sentiment beyond noting that a reasonable opportunity to be heard was afforded at the hearing. The document is a legislative item for a Board of County Commissioners meeting, specifically a resolution authorizing the issuance of Miami-Dade County, Florida Public Facilities Revenue Bonds, Series 2026 in an amount not-to-exceed $275,000,000 on behalf of the Public Health Trust. The bonds will fund certain projects for the Public Health Trust, including a new electronic health records system for the Jackson Health System. The scope of the transaction is countywide. The bonds are expected to be sold competitively in August and close in September of 2026. The estimated cost of issuance is $2.3 million. The current credit ratings for the Public Facilities Revenue credit are 'Aa2' (stable outlook) and 'AA+' (stable outlook) assigned by Moody's Ratings and Fitch Ratings, Inc., respectively. The staff recommendation is to adopt the attached 2026 Resolution. The document does not state a decision by the Board, as it is a staff recommendation for the Board's consideration. No public comment or stakeholder sentiment is stated in the document.