2026 PUBLIC FACILITIES BONDS (PHT)

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

[case 261219 (File Number); R-595-26 (Reference)] The document is a Miami-Dade County legislative item (File Number: 261219) titled '2026 PUBLIC FACILITIES BONDS (PHT)'. It is a Resolution (Reference: R-595-26) that was Adopted on 7/21/2026. The resolution authorizes the issuance of not to exceed $275,000,000.00 of Miami-Dade County, Florida Public Facilities Revenue Bonds (Jackson Health System), Series 2026, in one or more series. The bond proceeds are for: (i) paying costs of certain projects for Jackson Health System (the '2026 Project', described in Exhibit A); (ii) funding a debt service reserve fund, if necessary; and (iii) paying costs of issuance. The bonds will be sold through a public sale by competitive bid. The resolution authorizes the County Mayor to finalize terms, select a paying agent and registrar, and take necessary actions. It also waives provisions of Resolution No. R-130-06, as amended. A public hearing was held on the date of the resolution. The document does not state a specific street address, parcel/folio, acreage, number of units, or square footage for any construction project. The specific projects for Jackson Health System are described in Exhibit A, which is not included in the provided text. The requester is the Office of Management and Budget. The document was introduced on 7/2/2026 and the final action was on 7/21/2026. The document does not contain any public comment or stakeholder sentiment. 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 all or a portion of certain projects for the Public Health Trust, including a new electronic health records system for the Jackson Health System, as described in Exhibit A to the 2026 Resolution. The proposed issuance constitutes the second series of new money bonds authorized pursuant to Ordinance No. 25-9. The scope of the transaction is countywide. The principal and interest on the proposed Series 2026 Bonds are payable solely from and secured by the Pledged Revenues of the Trust. The Series 2026 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 staff recommendation is to adopt the attached 2026 Resolution. The document also includes a waiver of Resolution No. R-130-06, which requires that any contracts of the County with third parties be executed and finalized prior to their placement on an agenda for Board consideration. No public comment or stakeholder sentiment is stated in the document.