GOB DRAWDOWN

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

[case 260977] The document is a legislative item for a resolution authorizing the issuance of up to $350,000,000 in General Obligation Bonds (Building Better Communities Program) for Miami-Dade County, Florida. The resolution was introduced on 5/27/2026 and adopted on 7/21/2026. The bonds will fund approved capital projects (Community Projects) across multiple categories, including water and sewer, parks, public infrastructure, public safety, emergency and healthcare, public service outreach, housing, and cultural/library facilities. The bonds will be sold through a negotiated sale to Wells Fargo Municipal Capital Strategies, LLC. The document does not list specific project sites, addresses, or parcel numbers. The document is a legislative item for the Miami-Dade County Board of County Commissioners, authorizing the issuance of Series 2026 general obligation bonds through a direct placement with Wells Fargo to finance Building Better Communities (BBC) projects. The bonds are payable from unlimited ad valorem taxes on all real and tangible property within the County. The document does not describe a specific construction project, site, or zoning change; it is a financing resolution. The aggregate principal amount of the Series 2026 bonds is not stated; the document states that twelve prior series of General Obligation Bonds were authorized in an aggregate principal amount of $2,372,285,000, of which $1,663,960,000 remains outstanding as of May 1, 2026. The applicable spread is 0.35 percent (35 basis points) and the fee for unutilized amounts is 0.20 percent (20 basis points). The document requests a waiver of Resolution No. R-130-06. The decision is not stated; the document is a staff recommendation to the Board. Key dates: special election November 2, 2004; Ordinance No. 05-47 enacted March 1, 2005; Resolution No. R-576-05 (Master Resolution) on May 17, 2005; competitive solicitation released March 18, 2026; outstanding balance as of May 1, 2026. Public comment sentiment is not stated.