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, to fund transportation and transit projects for the Department of Transportation and Public Works. 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 floating rates later. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion process. This is a legislative matter, currently in draft form, with an agenda date of July 21, 2026.