GOB DRAWDOWN

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

Miami-Dade County is authorizing the issuance of up to $350,000,000 in General Obligation Bonds (Building Better Communities Program) to fund capital projects. These bonds will initially be issued as Drawdown Bonds, purchased by Wells Fargo Municipal Capital Strategies, LLC, and can be converted to fixed or alternate floating rates. The funds are intended for various community projects previously approved through earlier bond authorizations, including water/sewer, parks, public infrastructure, public safety, emergency/healthcare, public service outreach, housing, and cultural/library facilities. The Board of County Commissioners is authorizing the County Mayor to finalize terms, execute agreements, and manage the issuance and conversion processes. The decision is pending further action as it is 'Before the Board'.