2026 PUBLIC FACILITIES BONDS (PHT)

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

[case 261219] The document is a legislative item (File Number: 261219) for a resolution adopted by the Miami-Dade County Board of County Commissioners on 7/21/2026. It authorizes the issuance of up to $275,000,000.00 in Public Facilities Revenue Bonds (Jackson Health System), Series 2026. The bonds will finance the '2026 Project,' which is described in Exhibit A of the resolution (not stated in the provided text). The applicant/developer/owner is Miami-Dade County, Florida, for the Public Health Trust (Jackson Health System). The decision was 'Adopted' on 7/21/2026, with a public hearing held on the same date. The resolution authorizes a public sale by competitive bids, with the County Mayor authorized to finalize terms. No specific street address, parcel/folio, acreage, or number of units is stated. The zoning/use change is not stated; the project is for hospital and health-care services. The business opportunity for contractors is not stated in the document, as the specific projects are in Exhibit A, which is not included in the provided text. The document is silent on public comment or stakeholder sentiment beyond stating that a public hearing was held and a reasonable opportunity to be heard was afforded. The final maturity of the bonds shall not be later than June 1, 2056. The resolution waives provisions of Resolution No. R-130-06, as amended. The bond sale is authorized at an aggregate purchase price of not less than 98.0% of the principal amount. The document references prior ordinances and a Series 2025 bond issuance of $219,615,000.00. The document does not state a specific address, parcel/folio, acreage, or unit count. The document does not state a zoning change. The document does not state a specific business opportunity for contractors. The document does not state specific public comment or stakeholder sentiment. The document is a legislative item for a Miami-Dade County Board of County Commissioners meeting, authorizing the issuance of Public Facilities Revenue Bonds, Series 2026, in an amount not-to-exceed $275,000,000 on behalf of the Public Health Trust. The bonds will fund certain projects for the Public Health Trust, including a new electronic health records system for the Jackson Health System. The scope is countywide. The bonds are expected to be sold competitively in August and close in September of 2026. The estimated cost of issuance is $2.3 million. The current credit ratings for the Public Facilities Revenue credit are 'Aa2' (stable outlook) and 'AA+' (stable outlook) assigned by Moody's Ratings and Fitch Ratings, Inc., respectively. The staff recommendation is to adopt the attached 2026 Resolution. The document does not describe a specific construction project with a street address, parcel, or zoning change.