TRANSIT DRAWDOWN ORDINANCE

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

The document is a legislative item for an ordinance authorizing the issuance of not to exceed $350,000,000.00 in Miami-Dade County, Florida Transit System Sales Surtax Revenue Bonds as drawdown bonds to fund projects in the People's Transportation Plan. The ordinance was adopted on first reading on June 16, 2026, and adopted on final action on July 21, 2026. The bonds will be used to fund transit and public works capital improvement projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan. The primary source for repayment is a 0.5 percent discretionary sales surtax. No specific project sites, addresses, or parcel numbers are listed in the document.