GOB DRAWDOWN

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

[case 260977 (Resolution R-594-26)] This document is a legislative resolution (File Number 260977, Resolution R-594-26) adopted by the Miami-Dade County Board of County Commissioners on 7/21/2026. It authorizes the issuance of up to $350,000,000 in General Obligation Bonds (Building Better Communities Program) to fund approved capital projects. The bonds will be sold to Wells Fargo Municipal Capital Strategies, LLC under a new drawdown bond program, with no more than $200,000,000 outstanding in drawdown mode at any one time. The resolution does not list specific project sites, addresses, or construction scopes; it only authorizes the financing mechanism for the Building Better Communities Projects detailed in Appendix A of the resolution, which is not included in the provided text. The resolution was introduced on 5/27/2026 and adopted on 7/21/2026. No public comment or stakeholder sentiment is stated in the document. The document is a legislative item for the Miami-Dade County Board of County Commissioners regarding a Series 2026 Resolution that authorizes the issuance of general obligation bonds to finance Building Better Communities (BBC) Projects. The bonds will be sold through a direct placement to Wells Fargo, selected through a competitive solicitation. The bonds are payable from unlimited ad valorem taxes on all real and tangible property within the County. The projects were approved by citizens at a special election on November 2, 2004, or subsequently added through a Board approved process. The document does not describe a specific construction project, site, or action beyond the bond authorization.