SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

[case 261220] The document is a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are to be issued on a senior basis to pay costs of certain additional improvements and capital expenditures at the Seaport Properties, and to refund all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The resolution was adopted by the Board of County Commissioners on July 21, 2026. The document does not specify a particular project site, address, or parcel, but references the 'Series 2026 Project' as described in Exhibit A, which is not included in the provided text. The resolution includes findings that a public hearing was held, and the negotiated sale of the bonds is in the best interest of the County. The document does not describe any specific construction project, site, or zoning change, and does not include any public comment or stakeholder sentiment beyond the fact that a public hearing was held and a reasonable opportunity to be heard was afforded. Resolution authorizes 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. The transaction scope is countywide. The bonds are payable solely from net revenues of the Seaport Department. Estimated cost of issuance is $5.58 million. Bonds anticipated to price in August 2026 and close in September 2026. No specific project site, address, parcel, acreage, or zoning change is stated.