SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

[case 261220 (Legislative Item File Number); R-596-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (Legislative Item File Number 261220) on 7/21/2026, authorizing issuance of up to $700,000,000.00 aggregate principal amount of Seaport Revenue and Revenue Refunding Bonds. The bonds will be issued on a senior basis under the Master Ordinance (Section 207 for additional improvements and capital expenditures, Section 208 for refunding CP Notes). The estimated costs of issuance are $5,580,600.42, with an estimated final maturity of October 1, 2056. The estimated net present value savings from refunding is 0.00 percent. The resolution approves a plan of financing and negotiated sale, and waives provisions of Resolution No. R-130-06. A public hearing was held as required by Section 147(f) of the Internal Revenue Code. The document does not specify a particular construction project, site, or address; it is a financing authorization for seaport improvements and refunding of commercial paper notes. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The recommendation is to approve the Resolution, with the bonds anticipated to price in August 2026 and close in September 2026. No specific project site, address, or parcel is stated.