TRANSIT DRAWDOWN ORDINANCE

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

The document is a legislative matter for Miami-Dade County, Florida, specifically an ordinance authorizing the issuance of not to exceed $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. The ordinance was introduced on 5/26/2026, adopted on first reading on 6/16/2026, and adopted on 7/21/2026. The file number is 260970. The ordinance authorizes the issuance of bonds as drawdown bonds under a drawdown bond program to fund transit and public works capital improvement projects in the People's Transportation Plan. The sponsor is Anthony Rodriguez. The requester is the Office of Management and Budget. The ordinance was adopted by the Board of County Commissioners. The document does not specify a particular project site, address, parcel, or size. It authorizes the undertaking to finance projects described in Exhibit A, which is not included in the document text. The document states the bonds are payable from a 0.5 percent discretionary sales surtax. The document does not contain public comment or stakeholder sentiment.