TRANSIT DRAWDOWN RESOLUTION

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

[case File Number: 261079; Reference: R-621-26] Miami-Dade County adopted Resolution R-621-26 (File Number 261079) authorizing the issuance of Transit System Sales Surtax Revenue Bonds in an aggregate principal amount not to exceed $350,000,000.00, with no more than $200,000,000.00 outstanding in Drawdown Mode at any one time, to finance or refinance Transit System Sales Surtax Projects for the Department of Transportation and Public Works. The bonds are issued under a Drawdown Bond Program with Wells Fargo Municipal Capital Strategies, LLC as the lender/bond purchaser. The resolution was introduced on 6/10/2026 and adopted on 7/21/2026. The specific projects are described in Appendix A to the resolution, which is not included in the provided text. The resolution also waives provisions of Resolution No. R-130-06, as amended, and cross-references file no. 260970. No public comment or stakeholder sentiment is stated in the document. This document is a Board of County Commissioners agenda item for Miami-Dade County, Florida, authorizing the issuance of up to $350,000,000 of Transit System Sales Surtax Revenue Bonds as drawdown bonds, with no more than $200,000,000 outstanding at any one time. The proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The recommendation is to adopt the Series 2026 Resolution, select Wells Fargo Municipal Capital Strategies, LLC as purchaser, and waive Resolution No. R-130-06. The document does not describe a specific construction project, site, or address.