GOB DRAWDOWN

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

[case 260977 (File Number); R-594-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-594-26 (Legislative Item File Number 260977) on 7/21/2026, authorizing the issuance of General Obligation Bonds (Building Better Communities) in a principal amount not to exceed $350,000,000.00. The bonds will fund certain approved capital project costs under the Building Better Communities Bond Program, established by Ordinance No. 05-47 and Resolution R-576-05. The bonds will be issued in one or more series, initially as Drawdown Bonds with a maximum of $200,000,000 outstanding at one time, and may be converted to Fixed Rate Bonds or, with Board adoption of a supplemental resolution, to Alternate Floating Rate Bonds. The negotiated sale is to Wells Fargo Municipal Capital Strategies, LLC, selected through a Request for Proposals. The resolution authorizes the County Mayor to finalize terms, select bond registrar, paying agent, and remarketing agents, and take all necessary actions. It also waives provisions of Resolution No. R-130-06, as amended. The document does not list specific project sites, addresses, parcels, or acreage; it references Community Projects detailed in Appendix A of the resolution, which is not included in the provided text. The resolution was introduced on 5/27/2026 and adopted on 7/21/2026. No public comment or stakeholder sentiment is stated in the document.