TRANSIT DRAWDOWN RESOLUTION

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

The document is a Board of County Commissioners item authorizing the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds as drawdown bonds, with no more than $200,000,000 outstanding at any one time, to fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold through a direct placement to Wells Fargo Municipal Capital Strategies, LLC, selected through a request for proposals. The repayment source is the 0.5 percent discretionary sales surtax. The item recommends adoption of the Series 2026 Resolution, which also waives Resolution No. R-130-06. The item may only be considered if the Citizens' Independent Transportation Trust forwards a recommendation or 45 days have elapsed since filing; it is expected the CITT will have a resolution on its June 24, 2026 agenda. The document does not state a specific project site, address, parcel, acreage, or zoning change.