GOB DRAWDOWN

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

[case 260977 (Legislative Item File Number); R-594-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-594-26 (Legislative Item File Number 260977) on 7/21/2026, authorizing the issuance of General Obligation Bonds (Building Better Communities) in a principal amount not to exceed $350,000,000.00. The bonds will fund approved capital projects (Community Projects) under the Building Better Communities Bond Program, which includes water and sewer, parks, public infrastructure, public safety, emergency and healthcare, public service outreach, housing, and cultural/library projects. The bonds will be issued through a new Drawdown Bond Program with Wells Fargo Municipal Capital Strategies, LLC, with no more than $200,000,000 outstanding in drawdown mode at one time. The resolution authorizes the negotiated sale of the bonds to Wells Fargo and allows conversion to fixed rate or alternate floating rate modes. No specific project sites, addresses, or parcel numbers are listed in the document.