TRANSIT DRAWDOWN RESOLUTION

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

Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, not to exceed $350,000,000.00. These bonds will fund transportation and transit projects for the Department of Transportation and Public Works and cover issuance costs. The bonds will initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time, and can be converted to fixed or alternate floating rates. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution outlines various terms, definitions, and procedures related to the bond issuance, conversion, and management. The agenda date for this item is July 21, 2026.