TRANSIT DRAWDOWN ORDINANCE

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

Miami-Dade County Board of County Commissioners adopted an ordinance authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan, as detailed in Exhibit A of the ordinance. The proceeds will finance projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan. The bonds are special and limited obligations of the County, payable solely from pledged revenues derived from the one-half of one percent discretionary sales surtax. Details, terms, and specific projects will be determined in subsequent resolutions.