GOB DRAWDOWN

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

Miami-Dade County is authorizing the issuance of General Obligation Bonds (Building Better Communities Program) up to $350,000,000.00. These bonds will be initially issued as Drawdown Bonds and can be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. The purpose is to fund approved capital project costs for various community projects, including water/sewer, parks, public infrastructure, public safety, emergency/healthcare, public service outreach, housing, and cultural/library facilities. The issuance is part of the ongoing Building Better Communities Bond Program, building upon previous bond issuances and drawdown programs. Wells Fargo Municipal Capital Strategies, LLC is selected as the purchaser for the Drawdown Bonds. The County Mayor or designee is authorized to finalize terms, execute documents, and manage the conversion and remarketing processes. The decision is pending Board of County Commissioners assignment and agenda date is July 21, 2026.