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TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00, to fund transportation and transit projects for the Department of Transportation and Public Works. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed or floating rates later. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion process. This is a legislative matter, currently in draft form, with an agenda date of July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft (Resolution)
- Applicant:
- Miami-Dade County, Office of Management and Budget (Requester)
TRANSIT DRAWDOWN RESOLUTION
This legislative item, a resolution in draft status, authorizes the issuance of Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. The purpose is to fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will be issued through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for variable interest rates with a maximum of $200,000,000.00 outstanding at any time in the drawdown mode, with the option to convert to fixed or alternate floating rates later. The resolution details various definitions related to bond types, interest rates, payment agents, and operational procedures. It is scheduled for an agenda on July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution details various interest rate modes, definitions, and procedures for bond issuance, conversion, and remarketing. The projects to be funded are described in Appendix A, which is not included in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed or alternate floating rates later. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The resolution details various terms, interest rates, and procedures for the bonds, including definitions for different bond types and modes. The County Mayor is authorized to finalize terms and execute necessary documents. The projects to be funded are described in Appendix A, which is not included in the provided text. The matter is currently in draft status and pending BCC assignment.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, with a principal amount not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution details various terms, definitions, and procedures related to the bond issuance, interest rates, conversions, and repayment. The agenda date for this item is July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, with a principal amount not to exceed $350,000,000.00. These bonds will be used to fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution outlines the terms, conditions, and authorization for the issuance, sale, conversion, and remarketing of these bonds. The agenda item is pending BCC assignment.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The County Mayor or designee is authorized to finalize terms, execute agreements, and manage the issuance and conversion processes. The bonds are special, limited obligations payable solely from Pledged Revenues and do not pledge the faith and credit of the County.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00, to fund transportation and transit projects for the Department of Transportation and Public Works. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed or floating rates later. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The resolution details various terms, interest rates, and procedures for bond issuance, conversion, and repayment. The agenda date for this item is July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The County Mayor or designee is authorized to finalize terms, execute agreements, and manage the issuance and conversion processes. The specific transit projects to be funded are detailed in Appendix A, which is not included in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover issuance costs. The bonds will be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution details various terms, definitions, and procedures related to the bond issuance, interest rates, conversions, and repayment. The projects to be funded are described in Appendix A, which is not included in the provided text. The matter is in draft status and pending BCC assignment.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, with a principal amount not to exceed $350,000,000.00. The purpose is to fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will be initially issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution outlines various definitions, authorities, terms, and procedures related to the bond issuance, conversion, and repayment. The projects to be funded are described in Appendix A, which is not included in this document. The matter is in draft status and pending BCC assignment. The agenda date is July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00, to fund transportation and transit projects for the Department of Transportation and Public Works. The bonds will be issued through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for up to $200,000,000.00 to be outstanding at any time in a drawdown mode, with the option to convert to fixed or alternate floating rates later. The funds will be used for projects outlined in Appendix A of the resolution, which are part of the People's Transportation Plan. The County Mayor is authorized to finalize terms, execute agreements, and oversee the issuance and conversion processes. The bonds are special, limited obligations payable solely from Pledged Revenues and do not represent a debt of the County or pledge its faith and credit.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor is authorized to finalize terms, execute agreements, and select agents. The projects to be funded are described in Appendix A of the resolution.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Miami-Dade County, Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00, to fund transportation and transit projects. The bonds will be issued through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for up to $200,000,000.00 to be outstanding at any time in a drawdown mode, with the option to convert to fixed or alternate floating rates later. The funds will be used for transit capital improvement projects as described in Appendix A of the resolution. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion of these bonds. This is a legislative matter currently in draft, with an agenda date of 7/21/2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County adopted Resolution 261079 on July 21, 2026, authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover issuance costs. The bonds will be issued as 'Drawdown Bonds' through a program with Wells Fargo Municipal Capital Strategies, LLC, with a maximum of $200,000,000.00 outstanding at any time in the Drawdown Mode. These bonds can be converted to fixed rate or alternate floating rate bonds. The resolution authorizes the County Mayor to finalize terms, execute agreements, and select agents. The projects to be funded are described in Appendix A, which are transit capital improvement projects within the People's Transportation Plan. The bonds are special, limited obligations payable solely from Pledged Revenues, not the faith and credit of the County.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. The purpose is to fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time in this mode. These can be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor or designee is authorized to finalize terms, execute documents, and manage the conversion and remarketing processes. The projects to be funded are transit capital improvement projects within the People's Transportation Plan, as described in Appendix A (not provided in the document).
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution in Draft, Pending BCC Assignment. Authorizing issuance of bonds.
- Applicant:
- Miami-Dade County, Office of Management and Budget (Requester)
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution outlines the terms, conditions, and authorization for the issuance, sale, conversion, and remarketing of these bonds. The specific transit projects to be funded are detailed in Appendix A, which is not provided in this document. The matter is currently in draft status and pending BCC assignment.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be used to finance transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time in this mode. These Drawdown Bonds can be converted to Fixed Rate Bonds or, with a supplemental resolution, to Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor is authorized to finalize terms, execute agreements, and oversee the issuance, conversion, and remarketing of these bonds. The projects to be financed are detailed in Appendix A of the resolution.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds is in draft.
- Applicant:
- Miami-Dade County
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
Miami-Dade County Board of County Commissioners approved a non-competitive designated purchase for Transit Performance Analysis Software (Contract No. BW-10026) provided exclusively by Swiftly, Inc. This approval authorizes an additional five-year extension, ending August 31, 2031, and increases expenditure authority by $5,307,410, bringing the total modified contract value to $10,031,578. This extension is to ensure continuity of critical services during the procurement and implementation of a new Transit CAD/AVL system. A Request to Advertise for the replacement system is anticipated in late 2026. Public comment is not stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Approved
- Applicant:
- Miami-Dade County Department of Transportation and Public Works (DTPW)
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
Miami-Dade County Board of County Commissioners approved a non-competitive designated purchase for Transit Performance Analysis Software (Contract No. BW-10026) provided by Swiftly, Inc. The approval authorizes an additional five-year contract term, extending it through August 31, 2031, and adds $5,307,410 in expenditure authority, bringing the total modified contract value to $10,031,578. This extension is to ensure continuity of services while the Department of Transportation and Public Works (DTPW) procures and implements a replacement for the aging Transit Computer Aided Dispatch and Automated Vehicle Locator (CAD/AVL) system, which is expected to incorporate the software's functionality. Competition was deemed not practicable due to the proprietary nature of the software and the significant time and resources required for an interim alternative. A Request to Advertise for the replacement system is anticipated in late 2026. Public comment was not stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Approved
- Applicant:
- Miami-Dade County Department of Transportation and Public Works (DTPW)
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