Board of County Commissioners: July 2026
Miami-Dade County
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures for the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with a final maturity date of October 1, 2056. The sale will be conducted through a negotiated sale. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds will be special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Before the Board (Pending BCC Assignment)
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (Resolution R-596-26)] This document is a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures at the Seaport Properties and for refunding all or a portion of outstanding CP Notes. The resolution was adopted on July 21, 2026. The document does not specify a particular project site, address, or parcel, nor does it describe a specific construction project. It authorizes financing for the Seaport Department's capital program. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document notes a public hearing was held and a reasonable opportunity to be heard was afforded, but it does not state any specific public comments or stakeholder sentiment. Miami-Dade County Board of County Commissioners agenda item authorizing issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of Capital Improvement Plan budgeted projects and refund all outstanding Seaport Commercial Paper Notes. Staff recommends approval. Bonds anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. Seaport Department credit ratings are A3 (stable) from Moody's and A (stable) from Fitch. Scope is countywide. No specific project site, address, acreage, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida (Office of Management and Budget)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (Legislative Item File Number); R-596-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (Legislative Item File Number 261220) on 7/21/2026, authorizing issuance of up to $700,000,000.00 aggregate principal amount of Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures at the Seaport Properties (the Series 2026 Project) and refunding all or a portion of outstanding CP Notes. Estimated costs of issuance are $5,580,600.42, estimated final maturity is October 1, 2056, and estimated net present value savings from refunding is 0.00 percent. The resolution approves a plan of financing and negotiated sale, and waives provisions of Resolution No. R-130-06. A public hearing was held on 7/21/2026 as required by Section 147(f) of the Internal Revenue Code. The resolution was introduced on 7/2/2026 by the Office of Management and Budget. The document does not state a specific street address, parcel/folio, acreage, number of units/lots, square footage, or a zoning/use change. The document does not state any public comment or stakeholder sentiment beyond noting a public hearing was held and a reasonable opportunity to be heard was afforded. Miami-Dade County Board of County Commissioners agenda item authorizing issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds fund Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes), which have reached the $200,000,000 authorized limit requiring refinancing. The transaction is countywide in scope. Staff recommends approval. The bonds are anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. The Seaport Department maintains credit ratings of 'A3' (stable) from Moody's and 'A' (stable) from Fitch. The resolution delegates authority to the Mayor or designee to appoint underwriter, finalize terms, and take necessary actions. A waiver of Resolution No. R-130-06 is requested. No public comment or stakeholder sentiment is stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester); Daniella Levine Cava, Mayor (from header)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This document is a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds will fund certain additional improvements and capital expenditures at the Seaport Properties and refund all or a portion of outstanding CP Notes. The resolution was adopted on July 21, 2026. The document does not specify a particular project site, address, or parcel. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The estimated net present value savings from the refunding is 0.00 percent. The resolution approves a plan of financing and the negotiated sale of the bonds. A public hearing was held as required by Section 147(f) of the Internal Revenue Code. The document does not include any public comment or stakeholder sentiment. Resolution authorizes issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes (CP Notes). Staff recommends Board approval. Bonds anticipated to price in August 2026 and close in September 2026. Scope is countywide. Principal and interest payable solely from net revenues of Seaport Department. Estimated cost of issuance is $5.58 million. Seaport Department credit ratings are 'A3' (stable) from Moody's and 'A' (stable) from Fitch. Waiver of Resolution No. R-130-06 requested. Delegates authority to Mayor or designee to appoint underwriter, finalize terms, determine dates and maturities, select registrar and paying agent, and take all actions necessary to issue bonds. Refunding will extend maturity of original debt and result in net present value savings below five percent threshold, but achieves compelling public policy objective of providing additional financial flexibility and better matching revenues with debt service payments. Background cites Ordinance No. 21-74 (July 20, 2021) authorizing up to $250,000,000 in Seaport Revenue Bonds; Ordinance No. 23-19 (April 4, 2023) authorizing up to $905,000,000 for PortMiami facilities for Royal Caribbean Cruises Ltd. headquarters; Ordinance No. 23-53 (July 18, 2023) authorizing up to $500,000,000 in Seaport Revenue Refunding Bonds. Commercial paper program requires refinancing once outstanding balances reach $200,000,000, which has been reached. No public comment or stakeholder sentiment stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes. The scope of the transaction is countywide. The principal and interest are payable solely from the net revenues of the Seaport Department. The bonds are anticipated to price in August 2026 and close in September 2026. The staff recommendation is to approve the attached 2026 Resolution. No specific project site, address, parcel, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This is a legislative matter, not a construction project. It is a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds to pay for certain additional improvements and capital expenditures at the seaport and to refund outstanding CP Notes. The resolution was adopted on July 21, 2026. No specific project site, address, parcel, or size is stated. The document does not describe a specific construction project for contractors to pursue. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The recommendation is to approve the Resolution, which includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. No specific project site, address, parcel, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. Public comment is not detailed in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Before the Board / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with a final maturity date of October 1, 2056. The sale will be conducted through a negotiated sale. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize the bond details, including interest rates, maturity dates, and the selection of agents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department. The County will comply with continuing disclosure requirements.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Before the Board
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] The document is a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are to be issued on a senior basis to pay costs of certain additional improvements and capital expenditures at the Seaport Properties, and to refund all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The resolution was adopted by the Board of County Commissioners on July 21, 2026. The document does not specify a particular project site, address, or parcel, but references the 'Series 2026 Project' as described in Exhibit A, which is not included in the provided text. The resolution includes findings that a public hearing was held, and the negotiated sale of the bonds is in the best interest of the County. The document does not describe any specific construction project, site, or zoning change, and does not include any public comment or stakeholder sentiment beyond the fact that a public hearing was held and a reasonable opportunity to be heard was afforded. Resolution authorizes issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of certain Capital Improvement Plan budgeted projects and refund all outstanding Seaport Commercial Paper Notes. Staff recommends approval. The transaction scope is countywide. The bonds are payable solely from net revenues of the Seaport Department. Estimated cost of issuance is $5.58 million. Bonds anticipated to price in August 2026 and close in September 2026. No specific project site, address, parcel, acreage, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The recommendation is to approve the Resolution, which also includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. No specific project site, address, parcel, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds in an amount not-to-exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes. The Seaport Department has reached the $200,000,000 authorized limit for outstanding commercial paper notes, necessitating refinancing with long-term, fixed-rate bonds. The resolution delegates authority to the Mayor or Mayor's designee to appoint an underwriter, finalize terms, determine dates and maturities, select a registrar and paying agent, and take all actions necessary to issue the bonds. The scope is countywide. The principal and interest are payable solely from net revenues of the Seaport Department. The issuance of Refunding Bonds will result in net present value savings below the required threshold and will extend the maturity of the original debt but will achieve the compelling public policy objective of providing additional financial flexibility. Estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The resolution also requests a waiver of Resolution No. R-130-06, which requires contracts with third parties to be executed and finalized prior to placement on an agenda for Board consideration. Background includes prior ordinances: Ordinance No. 21-74 authorizing up to $250,000,000 in Seaport Revenue Bonds; Ordinance No. 23-19 authorizing up to $905,000,000 in Seaport Revenue Bonds for PortMiami facilities for Royal Caribbean Cruises Ltd.; and Ordinance No. 23-53 authorizing up to $500,000,000 in Seaport Revenue Refunding Bonds. The Series 2026 Resolution authorizes issuance as the initial series of New Money Bonds under Ordinance No. 21-74, the second series under Ordinance No. 23-19, and the initial series of Refunding Bonds under Ordinance No. 23-53. The staff recommendation is to approve the resolution.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval by staff
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The sale will be conducted through a negotiated sale. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize the bond details, sale terms, and select agents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department. The County commits to continuing disclosure requirements.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Before the Board
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The scope is countywide. The recommendation is to approve the Resolution, which also includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. The Seaport Department has credit ratings of 'A3' (stable) from Moody's and 'A' (stable) from Fitch. The estimated cost of issuance is $5.58 million. The principal and interest are payable solely from net revenues of the Seaport Department. The issuance will extend the maturity of the original debt and result in net present value savings below the required threshold, but achieves the compelling public policy objective of providing additional financial flexibility. No specific street address, parcel, acreage, or zoning change is stated. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The sale will be conducted via negotiated sale. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Pending BCC Assignment
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The sale will be conducted through a negotiated sale. The County Mayor is authorized to finalize terms, select agents, and execute necessary documents. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Board resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will fund certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the $200,000,000 authorized limit for outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The transaction is countywide in scope. The bonds are payable solely from the net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation includes a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Resolution authorizing issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of Capital Improvement Plan budgeted projects and refund all outstanding Seaport Commercial Paper Notes. Staff recommends approval. Bonds anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. Seaport Department credit ratings are 'A3' (stable) from Moody's and 'A' (stable) from Fitch. Scope is countywide. Fiscal impact: principal and interest payable solely from net revenues of Seaport Department. Refunding will result in net present value savings below 5% threshold and extend maturity, but achieves compelling public policy objective of additional financial flexibility. Waiver of Resolution No. R-130-06 requested. Delegates authority to Mayor or designee to appoint underwriter, finalize terms, determine dates and maturities, select registrar and paying agent. David Clodfelter, CFO of PortMiami, will manage budgeting and funding of debt service. Arlesa Wood, OMB, will manage issuance and disclosure. Background: Ordinance 21-74 authorized up to $250,000,000; Ordinance 23-19 authorized up to $905,000,000 for Royal Caribbean headquarters; Ordinance 23-53 authorized up to $500,000,000 refunding bonds. No public comment stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The sale will be conducted via negotiated sale. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Pending BCC Assignment
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (File Number); R-596-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (File Number 261220) on July 21, 2026, authorizing the issuance of not to exceed $700,000,000.00 aggregate principal amount of Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures (the Series 2026 Project) and refunding all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The resolution approves a plan of financing and issuance of bonds after a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986. The bonds will be sold by negotiation. The resolution authorizes the County Mayor or designee to finalize details, terms, and other provisions of the bonds and their negotiated sale, and to select a bond registrar, paying agent, and other agents. The resolution waives provisions of Resolution No. R-130-06, as amended. The document does not specify a street address, parcel or folio, acreage, number of units or lots, square footage, or a specific zoning or use change. The document does not state any public comment or stakeholder sentiment beyond noting that a public hearing was held and a reasonable opportunity to be heard was afforded to all persons present. The document is a staff recommendation for a Miami-Dade County Board of County Commissioners resolution authorizing the issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will fund certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the $200,000,000 authorized limit for outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The transaction scope is countywide. The bonds are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the resolution, including a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County Board of County Commissioners adopted a resolution authorizing the issuance of not to exceed $700,000,000.00 in aggregate principal amount of Seaport Revenue and Revenue Refunding Bonds. These bonds will be used to pay for certain additional improvements and capital expenditures for the Seaport Properties, and to refund all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity of October 1, 2056. The sale will be conducted through a negotiated sale. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The sale will be conducted through a negotiated process. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds will be special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (Resolution R-596-26)] The document is a legislative item file for a Miami-Dade County resolution authorizing the issuance of up to $700,000,000.00 in Seaport Revenue and Revenue Refunding Bonds. The resolution was introduced on 7/2/2026 and adopted by the Board of County Commissioners on 7/21/2026. The bonds are for paying costs of certain additional improvements and capital expenditures at the Seaport Properties and refunding all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document does not specify a particular project site, address, or parcel, but references the Seaport Properties and the Series 2026 Project as described in Exhibit A. The resolution includes a public hearing held on 7/21/2026 as required by Section 147(f) of the Internal Revenue Code. No specific public comments or stakeholder sentiment are stated in the document. The document is a staff recommendation for a resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will fund certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The bonds are payable solely from net revenues of the Seaport Department. The transaction scope is countywide. The bonds are anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida (Office of Management and Budget)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This is a legislative item for a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds will fund certain additional improvements and capital expenditures at the Seaport Properties and refund all or a portion of outstanding CP Notes. The resolution was adopted by the Board of County Commissioners on July 21, 2026. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document does not specify a particular project site, address, or parcel. A public hearing was held, and the resolution was approved. The document does not state any public comment or stakeholder sentiment. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The Seaport Department has reached the $200,000,000 authorized limit for outstanding commercial paper notes, necessitating refinancing with long-term, fixed-rate bonds. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the Resolution, including a waiver of Resolution No. R-130-06. The document does not describe a specific construction project, site, or physical change.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County Board of County Commissioners adopted Resolution R-596-26, authorizing the issuance of not to exceed $700,000,000.00 in aggregate principal amount of Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures for the Seaport Properties and refund outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (File Number 261220) on 7/21/2026, authorizing the issuance of not to exceed $700,000,000.00 aggregate principal amount of Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures and refunding all or a portion of CP Notes. Estimated costs of issuance are $5,580,600.42, with estimated final maturity of October 1, 2056. The resolution approves a plan of financing and negotiated sale. A public hearing was held. The resolution waives provisions of Resolution No. R-130-06. The document does not state a specific street address, parcel, acreage, or number of units. The applicant/developer/owner is not stated; the requester is the Office of Management and Budget. The document does not describe a specific construction project with a location or size beyond the bond authorization for seaport improvements and capital expenditures. Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds in an amount not-to-exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The Seaport Department has reached the $200,000,000 authorized limit for outstanding commercial paper notes, necessitating refinancing with long-term, fixed-rate bonds. The transaction scope is countywide. The bonds are anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. The principal and interest are payable solely from net revenues of the Seaport Department. The Seaport Department maintains credit ratings of 'A3' from Moody's and 'A' from Fitch. The resolution delegates authority to the Mayor or designee to appoint an underwriter, finalize terms, and take necessary actions. David Clodfelter, Chief Financial Officer of PortMiami, will manage budgeting and funding of debt service payments. Arlesa Wood will manage issuance and continuing disclosure. Background includes prior ordinances: Ordinance No. 21-74 (up to $250,000,000), Ordinance No. 23-19 (up to $905,000,000 for Royal Caribbean Cruises Ltd. headquarters), and Ordinance No. 23-53 (up to $500,000,000 for refunding bonds). The Series 2026 Bonds will be the initial series under Ordinance No. 21-74, the second series under Ordinance No. 23-19, and the initial series under Ordinance No. 23-53. The refunding will result in net present value savings below the required threshold and extend the maturity of the original debt, but will achieve the compelling public policy objective of providing additional financial flexibility.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This document is a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds will fund certain additional improvements and capital expenditures at the Seaport Properties and refund all or a portion of outstanding CP Notes. The resolution was introduced on 7/2/2026 and adopted on 7/21/2026. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document does not specify a particular project site, address, or parcel, and does not describe any specific construction work. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The transaction is countywide in scope. The bonds are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the Resolution, which also includes a waiver of Resolution No. R-130-06. The document does not state a specific street address, parcel, acreage, number of units, or a change in zoning or use. The applicant is not stated; the document is a county staff recommendation. The case number is not stated. The decision is a staff recommendation for approval. Key dates: July 20, 2021 (Ordinance No. 21-74), April 4, 2023 (Ordinance No. 23-19), July 18, 2023 (Ordinance No. 23-53), August 2026 (anticipated pricing), September 2026 (anticipated closing). No public comment or stakeholder sentiment is stated. The business opportunity is for contractors and trades to pursue work funded by the Series 2026 Bonds for Seaport CIP projects, though specific project locations and scopes are not stated in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Miami-Dade County Board of County Commissioners resolution authorizing the issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The bonds are payable solely from net revenues of the Seaport Department. The transaction scope is countywide. The bonds are anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a legislative item recommending Board approval of a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The scope of the transaction is countywide. The bonds are payable solely from net revenues of the Seaport Department. The issuance will result in net present value savings below the required threshold and will extend the maturity of the original debt, but will achieve the compelling public policy objective of providing additional financial flexibility and better matching revenues with debt service payments. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The document does not describe a specific construction project, site, or physical location.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This is a legislative item (File Number 261220) for a Miami-Dade County resolution authorizing the issuance of up to $700,000,000.00 in Seaport Revenue and Revenue Refunding Bonds. The resolution was introduced on 7/2/2026, adopted on 7/21/2026, and the final action was also on 7/21/2026. The bonds are for paying costs of certain additional improvements and capital expenditures at the Seaport Properties and refunding all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The resolution approves a plan of financing and issuance of bonds after a public hearing. The document does not specify a particular project site, address, or parcel, nor does it describe specific construction work. It authorizes the County Mayor to finalize details of the bonds and their negotiated sale. The document does not state any public comment or stakeholder sentiment beyond noting that a public hearing was held and a reasonable opportunity to be heard was afforded to all persons present. The document is a staff recommendation for a Board resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the $200,000,000 authorized limit for outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The transaction is countywide in scope. The principal and interest are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. The document does not state a specific project site, address, parcel, acreage, or zoning change.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The scope of the transaction is countywide. The principal and interest are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. The staff recommendation is to approve. No public comment or stakeholder sentiment is stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida (Office of Management and Budget)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport, as well as refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Pending BCC Assignment
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The transaction is countywide in scope. The recommendation is to approve the Resolution, which includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. The principal and interest are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The document does not state a specific project site, address, parcel, acreage, or zoning change.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida (Office of Management and Budget)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (Legislative Item File Number); R-596-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (Legislative Item File Number 261220) on July 21, 2026, authorizing issuance of up to $700,000,000.00 aggregate principal amount of Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures (the Series 2026 Project) and refunding all or a portion of outstanding CP Notes. Estimated costs of issuance are $5,580,600.42, estimated final maturity is October 1, 2056, and estimated net present value savings from refunding is 0.00 percent. The resolution approves a plan of financing and negotiated sale, and waives provisions of Resolution No. R-130-06. A public hearing was held as required by Section 147(f) of the Internal Revenue Code. The document does not state a specific street address, parcel, acreage, number of units, or zoning change. The document does not state any public comment or stakeholder sentiment. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The recommendation is to approve the Resolution, which also includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. The principal and interest are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The Seaport Department has credit ratings of 'A3' from Moody's and 'A' from Fitch. The document does not state a specific street address, parcel, acreage, number of units, or a zoning change. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester); Daniella Levine Cava, Mayor (from); Board of County Commissioners (acting body)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] The document is a legislative item for a Miami-Dade County resolution authorizing the issuance of up to $700,000,000.00 in Seaport Revenue and Revenue Refunding Bonds. The resolution was introduced on 7/2/2026 and adopted on 7/21/2026. The bonds are for financing certain additional improvements and capital expenditures at the Seaport Properties and refunding all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The resolution includes a public hearing as required by Section 147(f) of the Internal Revenue Code. The document does not specify a particular project site, address, or parcel, and does not describe any construction work. Miami-Dade County Board of County Commissioners agenda item authorizing issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds fund Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department reached the $200,000,000 outstanding CP Notes limit requiring refinancing with long-term fixed-rate bonds. The transaction is countywide in scope. The bonds are payable solely from net revenues of the Seaport Department. Estimated cost of issuance is $5.58 million. Bonds anticipated to price in August 2026 and close in September 2026. Staff recommends approval. The document does not state a specific project site, address, parcel, acreage, or zoning change.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County is authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. These bonds will fund additional improvements and capital expenditures at the seaport and refund existing CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code. The County Mayor or designee is authorized to finalize terms, select agents, and execute necessary documents. The bonds are special obligations of the County, payable solely from Net Revenues of the Seaport Department.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This is a legislative item for a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures at the Seaport Properties and refunding all or a portion of outstanding CP Notes. The resolution was introduced on 7/2/2026 and adopted on 7/21/2026. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document does not specify a particular project site, address, or parcel, and does not describe any construction or development project. It is a financing resolution for the Seaport Department. The document states a public hearing was held, but does not record any specific public comments or stakeholder sentiment. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The bonds are payable solely from net revenues of the Seaport Department. The transaction scope is countywide. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the Resolution, which also includes a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes. The scope is countywide. The recommendation is to approve the Resolution, which includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. The principal and interest are payable solely from net revenues of the Seaport Department. Estimated cost of issuance is $5.58 million. The Seaport Department has credit ratings of 'A3' from Moody's and 'A' from Fitch. The document does not state a specific street address, parcel, acreage, number of units, or a zoning change. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Resolution authorizing issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of certain Capital Improvement Plan (CIP) budgeted projects and to refund all outstanding Seaport Commercial Paper Notes (CP Notes). Staff recommends Board approval. The bonds are anticipated to price in August 2026 and close in September 2026. The scope is countywide. The principal and interest are payable solely from net revenues of the Seaport Department. Estimated cost of issuance is $5.58 million. The Seaport Department has credit ratings of 'A3' (stable) from Moody's and 'A' (stable) from Fitch. A waiver of Resolution No. R-130-06 is requested. No specific project site, address, parcel, acreage, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
The document is a staff recommendation for a Board resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the $200,000,000 authorized limit for outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. The scope is countywide. The bonds are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The document does not state a specific project site, address, parcel, acreage, or zoning change. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida (Office of Management and Budget)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (File Number); R-596-26 (Resolution Number)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (File Number 261220) on July 21, 2026, authorizing the issuance of up to $700,000,000.00 in Seaport Revenue and Revenue Refunding Bonds. The bonds will fund certain additional improvements and capital expenditures at the Seaport Properties (the Series 2026 Project) and refund all or a portion of outstanding Commercial Paper (CP) Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity of October 1, 2056. The resolution approves a plan of financing and negotiated sale of the bonds. A public hearing was held on July 21, 2026, as required by Section 147(f) of the Internal Revenue Code. The document does not specify a particular address, parcel, or acreage for the project, nor does it list specific construction trades or a business opportunity beyond the bond financing itself. The document is a staff recommendation for a Board resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the $200,000,000 authorized limit for outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The transaction scope is countywide. The bonds are payable solely from net revenues of the Seaport Department. The estimated cost of issuance is $5.58 million. The bonds are anticipated to price in August 2026 and close in September 2026. The recommendation is to approve the resolution, which also includes a waiver of Resolution No. R-130-06. No specific project site, address, parcel, acreage, or zoning change is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester); Daniella Levine Cava, Mayor (from header)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] The document is a legislative item for a resolution authorizing the issuance of up to $700,000,000.00 in Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The resolution was introduced on 7/2/2026 and adopted on 7/21/2026. The bonds are for paying costs of certain additional improvements and capital expenditures at the seaport and refunding all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The resolution approves a plan of financing and issuance of bonds after a public hearing. The document does not specify a street address, parcel, acreage, or specific project details. The applicant/developer/owner is not stated; the requester is the Office of Management and Budget. The case/file number is 261220, and the reference is R-596-26. The decision is adopted. The document does not state any public comment or stakeholder sentiment beyond noting that a public hearing was held and a reasonable opportunity to be heard was afforded. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for Capital Improvement Plan (CIP) budgeted projects and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The scope is countywide. The recommendation is to approve the Resolution, which includes a waiver of Resolution No. R-130-06. The bonds are anticipated to price in August 2026 and close in September 2026. No specific project site, address, parcel, acreage, or zoning change is stated. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County Board of County Commissioners adopted a resolution authorizing the issuance of not to exceed $700,000,000.00 in aggregate principal amount of Seaport Revenue and Revenue Refunding Bonds. These bonds will be used to pay costs of certain additional improvements and capital expenditures for the Seaport Properties, and to refund all or a portion of outstanding CP Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity date of October 1, 2056. The bonds will be sold by negotiation. A public hearing was held on July 21, 2026, as required by the Internal Revenue Code.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (Legislative Item File Number 261220) on July 21, 2026, authorizing the issuance of up to $700,000,000.00 in Seaport Revenue and Revenue Refunding Bonds. The bonds will fund certain additional improvements and capital expenditures at the Seaport Properties (the 'Series 2026 Project') and refund all or a portion of outstanding Commercial Paper (CP) Notes. The estimated costs of issuance are $5,580,600.42, with an estimated final maturity of October 1, 2056. The resolution approves a plan of financing and negotiated sale of the bonds. The document does not specify a street address, parcel/folio, acreage, or number of units/lots for the project. The applicant/developer/owner is Miami-Dade County, Florida. The decision was adopted. Key dates include introduction on July 2, 2026, and final action on July 21, 2026. The document does not state any public comment or stakeholder sentiment beyond noting a public hearing was held as required by Section 147(f) of the Internal Revenue Code. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The bonds are payable solely from net revenues of the Seaport Department. The transaction scope is countywide. The bonds are anticipated to price in August 2026 and close in September 2026. The staff recommendation is to approve the Resolution, including a waiver of Resolution No. R-130-06. No specific street address, parcel, acreage, or zoning change is stated. No public comment or stakeholder sentiment is stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County, Florida
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220 (Legislative Item File Number); R-596-26 (Resolution Reference)] Miami-Dade County Board of County Commissioners adopted Resolution R-596-26 (Legislative Item File Number 261220) on 7/21/2026, authorizing issuance of up to $700,000,000.00 aggregate principal amount of Miami-Dade County, Florida Seaport Revenue and Revenue Refunding Bonds. The bonds are for paying costs of certain additional improvements and capital expenditures (the Series 2026 Project) and refunding all or a portion of outstanding CP Notes. Estimated costs of issuance are $5,580,600.42. Estimated final maturity of bonds is October 1, 2056. The resolution approves a plan of financing and issuance of bonds after a public hearing held on 7/21/2026 as required by Section 147(f) of the Internal Revenue Code. The bonds will be sold by negotiation. The resolution waives provisions of Resolution No. R-130-06. The document does not state a specific street address, parcel/folio, acreage, number of units/lots, square footage, or a zoning/use change. The document does not state any public comment or stakeholder sentiment beyond noting that a public hearing was held and a reasonable opportunity to be heard was afforded to all persons present. Resolution authorizing issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in aggregate principal amount not to exceed $700,000,000, to pay costs of certain Capital Improvement Plan budgeted projects and refund all outstanding Seaport Commercial Paper Notes. Staff recommends approval. Scope is countywide. Bonds payable solely from net revenues of Seaport Department. Estimated cost of issuance is $5.58 million. Bonds anticipated to price in August 2026 and close in September 2026. Waiver of Resolution No. R-130-06 requested. No specific project site, address, parcel, acreage, or zoning change stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester); Daniella Levine Cava, Mayor (from header)
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
Miami-Dade County Board of County Commissioners agenda item authorizing the issuance of Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for Capital Improvement Plan (CIP) budgeted projects previously approved by the Board and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the $200,000,000 authorized limit for outstanding CP Notes, requiring refinancing with long-term fixed-rate bonds. The bonds are payable solely from net revenues of the Seaport Department. The transaction is countywide in scope. The bonds are anticipated to price in August 2026 and close in September 2026. Estimated cost of issuance is $5.58 million. The staff recommendation is to approve the resolution. The document does not state a specific street address, parcel, acreage, number of units, or zoning change, as this is a financing resolution for existing approved projects, not a new development project.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for approval
- Applicant:
- Miami-Dade County Seaport Department
SEAPORT REVENUE AND REVENUE REFUNDING BONDS
[case 261220] This document is a resolution authorizing the issuance of up to $700,000,000 in Seaport Revenue and Revenue Refunding Bonds. The bonds will fund certain additional improvements and capital expenditures for the Seaport Properties and refund all or a portion of outstanding Commercial Paper (CP) Notes. The resolution was adopted by the Board of County Commissioners on July 21, 2026. The estimated costs of issuance are $5,580,600.42, and the estimated final maturity of the bonds is October 1, 2056. The document does not specify a particular project site, address, or parcel. It authorizes the County Mayor to finalize details of the bonds and their negotiated sale. A public hearing was held, and a reasonable opportunity to be heard was afforded to all persons present, but the document does not state any specific public comments or stakeholder sentiment. The document is a staff recommendation for a Resolution authorizing the issuance of Miami-Dade County Seaport Revenue and Revenue Refunding Bonds, Series 2026, in an aggregate principal amount not to exceed $700,000,000. The bonds will pay for certain Capital Improvement Plan (CIP) budgeted projects previously approved by the Board of County Commissioners and refund all outstanding Seaport Commercial Paper Notes (CP Notes). The Seaport Department has reached the authorized limit of $200,000,000 in outstanding CP Notes, requiring refinancing with long-term, fixed-rate bonds. The bonds are payable solely from the net revenues of the Seaport Department. The transaction scope is countywide. The bonds are anticipated to price in August 2026 and close in September 2026. The estimated cost of issuance is $5.58 million. The recommendation is to approve the Resolution, including a waiver of Resolution No. R-130-06. The document does not specify a particular project site, address, parcel, acreage, or zoning change.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget (requester)
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