SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

[case 261220 (Resolution R-596-26)] This 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 for paying costs of certain additional improvements and capital expenditures at the Seaport Properties and for refunding all or a portion of outstanding CP Notes. The resolution was adopted on July 21, 2026. The document does not specify a particular project site, address, or parcel, nor does it describe a specific construction project. It authorizes financing for the Seaport Department's capital program. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document notes a public hearing was held and a reasonable opportunity to be heard was afforded, but it does not state any specific public comments or stakeholder sentiment. Miami-Dade County Board of County Commissioners agenda item authorizing issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of Capital Improvement Plan budgeted projects and refund all outstanding Seaport Commercial Paper Notes. Staff recommends approval. Bonds anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. Seaport Department credit ratings are A3 (stable) from Moody's and A (stable) from Fitch. Scope is countywide. No specific project site, address, acreage, or zoning change is stated.