TRANSIT DRAWDOWN ORDINANCE

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

Miami-Dade County adopted Ordinance 260970 authorizing issuance of up to $350,000,000 in Transit System Sales Surtax Revenue Bonds as drawdown bonds to fund projects in the People's Transportation Plan and the Department of Transportation and Public Works Multi-Year Capital Plan. The ordinance was introduced on 5/26/2026, adopted on first reading on 6/16/2026, and adopted on final action on 7/21/2026. The bonds are payable solely from the 0.5 percent discretionary sales surtax, with no ad valorem taxation pledged. The ordinance authorizes the undertaking of transit and public works capital improvement projects described in Exhibit A, but the specific projects are not listed in the document text. The bonds will be issued only pursuant to subsequent series resolutions. Sponsor: Anthony Rodriguez. Requester: Office of Management and Budget. No public comment or stakeholder sentiment is stated in the document.