TRANSIT DRAWDOWN RESOLUTION

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

The document authorizes the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under the Transit Drawdown Program. Proceeds fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. Wells Fargo Municipal Capital Strategies, LLC is selected as purchaser. The source of repayment is the 0.5 percent discretionary sales surtax. The document does not list specific project addresses, acreage, or zoning changes; it is a financing mechanism for countywide projects. Public comment sentiment is not stated.