SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

[case 261220 (Legislative Item File Number); R-596-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (Legislative Item File Number 261220) on 7/21/2026, authorizing issuance of up to $700,000,000.00 aggregate principal amount of Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures (the Series 2026 Project) and refunding all or a portion of outstanding CP Notes. Estimated costs of issuance are $5,580,600.42. Estimated final maturity of bonds is October 1, 2056. The resolution approves a plan of financing and issuance of bonds after a public hearing held on 7/21/2026 as required by Section 147(f) of the Internal Revenue Code. The bonds will be sold by negotiation. The resolution waives provisions of Resolution No. R-130-06. The document does not state a specific street address, parcel/folio, acreage, number of units/lots, square footage, or a zoning/use change. The document does not state any public comment or stakeholder sentiment beyond noting that a public hearing was held and a reasonable opportunity to be heard was afforded to all persons present. Resolution authorizing issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of certain Capital Improvement Plan budgeted projects and refund all outstanding Seaport Commercial Paper Notes. Staff recommends approval. Scope is countywide. Bonds payable solely from net revenues of Seaport Department. Estimated cost of issuance is $5.58 million. Bonds anticipated to price in August 2026 and close in September 2026. Waiver of Resolution No. R-130-06 requested. No specific project site, address, parcel, acreage, or zoning change stated.