GOB DRAWDOWN

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

[case 260977 (Resolution 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 are for paying all or a portion of certain approved capital project costs and costs of issuing bonds. The bonds will be issued under 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, approves related documents, and authorizes the County Mayor to finalize terms. The document does not list specific construction projects, addresses, or parcels; it references Community Projects detailed in Appendix A of the resolution, which is not included in the provided text.