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 fund approved capital project costs under the Building Better Communities Bond Program, established by Ordinance No. 05-47 and Resolution R-576-05. The bonds will be issued as Drawdown Bonds purchased by 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, approves related documents, and authorizes the County Mayor to finalize terms. The document does not list specific construction projects, addresses, or parcels; it is a financing authorization for a program covering water/sewer, parks, public infrastructure, public safety, emergency/healthcare, public service outreach, housing, and cultural/library facilities. No public comment or stakeholder sentiment is stated in the document. The document is a legislative item for a Miami-Dade County Board of County Commissioners meeting, authorizing the issuance of Series 2026 general obligation bonds to finance Building Better Communities (BBC) projects. The bonds will be sold via 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 aggregate principal amount of the twelve previously authorized series is $2,372,285,000, of which $1,663,960,000 remains outstanding as of May 1, 2026. The document requests a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated.