SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

[case 261220 (Legislative Item File Number); R-596-26 (Resolution Number)] 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 as required by Section 147(f) of the Internal Revenue Code of 1986. The bonds will be sold by negotiation. The resolution authorizes the County Mayor or designee to finalize details, terms, and other provisions of the bonds and their negotiated sale, and to select a bond registrar, paying agent, and other agents. The resolution waives provisions of Resolution No. R-130-06, as amended. The resolution was introduced on 7/2/2026. The final action was on 7/21/2026. The requester is the Office of Management and Budget. The resolution was adopted with a Pass vote. The document does not state a specific street address, parcel/folio, legal location, acreage, number of units/lots, or square footage for the project. The document does not state the exact change from one zoning/use to another. The document does not state the applicant/developer/owner name. The document does not state a case/file number beyond the legislative item file number 261220 and resolution number R-596-26. 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. The document does not state any specific business opportunity for contractors or trades beyond the general authorization for capital expenditures at the seaport. 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 certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The recommendation is to approve the Resolution, which also 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 street address, parcel, acreage, or zoning change is stated. No public comment or stakeholder sentiment is stated.