GOB DRAWDOWN

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

[case 260977; R-594-26] 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 project costs under the Building Better Communities Bond Program, which includes Water and Sewer Projects, Parks and Recreational Facilities Projects, Public Infrastructure and Neighborhood Improvement Projects, Public Safety Facilities Projects, Emergency and Healthcare Facilities Projects, Public Service Outreach Facilities Projects, Housing Projects, and Cultural Library and Multicultural Education Facilities Projects. The bonds will be issued as Drawdown Bonds 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 a negotiated sale to Wells Fargo, conversion of bonds to fixed rate or alternate floating rate, and related actions. The document does not list specific project sites, addresses, acreage, or unit counts. No public comment or stakeholder sentiment is stated in the document.