SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

[case 261220] The document is a legislative item for a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The resolution was introduced on 7/2/2026 and adopted on 7/21/2026. The bonds are for paying costs of certain additional improvements and capital expenditures at the seaport and refunding 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 approves a plan of financing and issuance of bonds after a public hearing. The document does not specify a street address, parcel, acreage, or specific project details. The applicant/developer/owner is not stated; the requester is the Office of Management and Budget. The case/file number is 261220, and the reference is R-596-26. The decision is adopted. 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. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The scope is countywide. The recommendation is to approve the Resolution, which includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. No specific project site, address, parcel, acreage, or zoning change is stated. No public comment or stakeholder sentiment is stated.