GOB DRAWDOWN

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

Miami-Dade County Board of County Commissioners adopted Resolution R-594-26, authorizing the issuance of General Obligation Bonds (Building Better Communities Program) up to $350,000,000.00. These bonds will fund capital project costs and issuance expenses. The bonds will initially be issued as Drawdown Bonds, purchased by Wells Fargo Municipal Capital Strategies, LLC, and can be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. The County Mayor is authorized to finalize terms, execute agreements, and select agents. The resolution references previous bond authorizations for various projects including water/sewer, parks, public infrastructure, public safety, emergency/healthcare, public service outreach, housing, and cultural/library facilities.