SEAPORT REVENUE AND REVENUE REFUNDING BONDS

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

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 includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. The principal and interest are payable solely from net revenues of the Seaport Department. Estimated cost of issuance is $5.58 million. The Seaport Department has credit ratings of 'A3' from Moody's and 'A' from Fitch. The document does not state a specific street address, parcel, acreage, number of units, or a zoning change. No public comment or stakeholder sentiment is stated.