TRANSIT DRAWDOWN RESOLUTION

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

The document authorizes the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under the Transit Drawdown Program. Proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold to Wells Fargo Municipal Capital Strategies, LLC. The document does not specify a project site, address, parcel, acreage, or zoning change. The recommendation is to adopt the Series 2026 Resolution. Key dates include the CITT meeting on June 24, 2026, and the competitive solicitation released on April 22, 2026. The decision is not stated as approved, denied, or deferred; it is a recommendation for Board adoption.