GOB DRAWDOWN

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

Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in General Obligation Bonds (Building Better Communities Program) to fund capital projects. These bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding in Drawdown Mode at any one time. The 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 to purchase the Drawdown Bonds. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion processes. The funds will be used for various community projects previously authorized under separate resolutions, including water and sewer, parks and recreation, public infrastructure, public safety, emergency and healthcare, public service outreach, housing, and cultural/library/multicultural education facilities. The decision is pending assignment to the Board of County Commissioners (BCC).