GOB DRAWDOWN

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

[case 260977 (File Number); R-594-26 (Resolution Reference)] The 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) for approved capital projects. The bonds will be sold via negotiated sale to Wells Fargo Municipal Capital Strategies, LLC, with a maximum of $200,000,000 outstanding in drawdown mode at any one time. The resolution references prior authorizations for various project categories (water/sewer, parks, public infrastructure, public safety, emergency/healthcare, public service outreach, housing, cultural/library) but does not list specific project sites or addresses. The document 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, authorizing the issuance of Series 2026 General Obligation Bonds through a direct placement with Wells Fargo. The bonds will finance Building Better Communities (BBC) Projects, which have a countywide impact. The projects were approved by citizens at a special election on November 2, 2004, or subsequently added through a Board approved process. 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 proposed applicable spread is 0.35 percent, and the fee for unutilized amounts is 0.20 percent. A waiver of Resolution No. R-130-06 is requested. No specific project address, parcel, acreage, or zoning change is stated.