GOB DRAWDOWN

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

The document is a legislative item for a Miami-Dade County Board of County Commissioners meeting, authorizing the issuance of Series 2026 General Obligation Bonds to finance Building Better Communities (BBC) Projects. The bonds will be sold via direct placement to Wells Fargo, selected through a competitive solicitation. 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 authorization for a countywide program. The aggregate principal amount of the Series 2026 Bonds is not stated; the document states that twelve prior series 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 document requests a waiver of Resolution No. R-130-06 to allow the sale of the bonds after the effective date of the resolution. No public comment or stakeholder sentiment is stated in the document.