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TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds, structured as drawdown bonds, to fund various transportation and transit projects within the People's Transportation Plan. The bonds will be issued under a drawdown bond program for more efficient project funding. The Board of County Commissioners adopted the ordinance on first reading on June 16, 2026, with a public hearing scheduled for July 21, 2026. The funds are intended to cover costs of projects detailed in Exhibit A of the ordinance, which are part of the Department of Transportation and Public Works' Multi-Year Capital Plan. Repayment of the bonds will be secured by the one-half of one percent (0.5 percent) discretionary sales surtax.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading (pending public hearing)
- Applicant:
- Office of Management and Budget (Requester)
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds, to be issued as drawdown bonds under a drawdown program. These bonds will fund certain transportation and transit projects within the People's Transportation Plan (PTP) as detailed in Exhibit A of the ordinance. The drawdown program is intended to provide a more efficient funding mechanism for the Multi-Year Capital Plan (MYCP), allowing the County to borrow funds as needed to meet immediate capital requirements, thereby reducing costs and optimizing resource use. The bonds are special, limited obligations of the County, payable solely from and secured by a pledge of Pledged Revenues derived from the one-half of one percent (0.5 percent) discretionary sales surtax. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The ordinance is sponsored by Anthony Rodriguez.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds, to be issued as drawdown bonds under a drawdown bond program. These bonds will fund certain transportation and transit projects within the People's Transportation Plan (PTP) as detailed in Exhibit A of the ordinance. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The bonds are special, limited obligations of the County, payable solely from pledged revenues derived from the one-half of one percent (0.5 percent) discretionary sales surtax. The drawdown program is intended to provide a more efficient funding solution for the Multi-Year Capital Plan (MYCP) by allowing the County to borrow funds as needed, reducing costs and optimizing resource use. No public comment is stated in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading (pending public hearing)
- Applicant:
- Office of Management and Budget (Requester)
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County Board of County Commissioners adopted an ordinance authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan, as detailed in Exhibit A of the ordinance. The proceeds will finance projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan. The bonds are special and limited obligations of the County, payable solely from pledged revenues derived from the one-half of one percent discretionary sales surtax. Details, terms, and specific projects will be determined in subsequent resolutions.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds, to be issued as drawdown bonds under a drawdown bond program. These bonds will fund certain transportation and transit projects within the People's Transportation Plan (PTP) as detailed in Exhibit A of the ordinance. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The funding mechanism is the one-half of one percent (0.5 percent) discretionary sales surtax. The drawdown program is intended to provide a more efficient funding solution for the Multi-Year Capital Plan (MYCP) by allowing the County to borrow funds as needed, reducing costs and optimizing resource use. Specific project details, terms, maturities, and interest rates for each bond series will be determined in subsequent resolutions.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund various transportation and transit projects identified in the People's Transportation Plan (PTP) and the Department of Transportation and Public Works' (DTPW) Multi-Year Capital Plan (MYCP). The proceeds will be used to pay for the costs of these projects. The specific terms, details, and maturities of the bonds will be determined in subsequent resolutions. The funding source for repayment is the one half of one percent (0.5 percent) discretionary sales surtax. The ordinance was adopted on first reading on June 16, 2026, and a public hearing is scheduled for July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget (Requester), Miami-Dade County (Issuer)
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan, as detailed in Exhibit A. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The bonds are special, limited obligations payable solely from pledged revenues derived from the transit system sales surtax. No other county funds or ad valorem taxes are pledged for repayment. The ordinance aims to provide a more efficient funding solution for the Multi-Year Capital Plan by allowing the County to borrow funds as needed, reducing costs and optimizing resource use. Public comment is not stated in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading; scheduled for public hearing
- Applicant:
- Office of Management and Budget (Requester)
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County Board of County Commissioners is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown bond program to fund certain transportation and transit projects within the People's Transportation Plan (PTP) as detailed in Exhibit A. The ordinance was adopted on first reading on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The bonds are special, limited obligations payable solely from pledged revenues, specifically the one-half of one percent (0.5 percent) discretionary sales surtax. This initiative aims to provide a more efficient funding solution for the Multi-Year Capital Plan (MYCP) by allowing the County to borrow funds as needed, reducing costs and optimizing resource use. No public comment is stated in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan (PTP) and the Multi-Year Capital Plan (MYCP). The specific projects to be financed will be detailed in subsequent resolutions. The bonds are special, limited obligations of the County, payable solely from the Transit System Sales Surtax. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The Office of Management and Budget is the requester.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading; scheduled for public hearing
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan, as detailed in Exhibit A. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The funding source for repayment is the 0.5 percent discretionary sales surtax. No public comment is stated in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown program to fund certain transportation and transit projects within the People's Transportation Plan, as detailed in Exhibit A. The ordinance was adopted on first reading by the Board of County Commissioners on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The bonds are special, limited obligations payable solely from pledged revenues derived from the transit system sales surtax. No other county funds or ad valorem taxes are pledged for repayment. The issuance aims to provide a more efficient funding solution for the Multi-Year Capital Plan by allowing the county to borrow funds as needed, reducing costs and optimizing resource use.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County Board of County Commissioners is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown bond program to fund certain transportation and transit projects within the People's Transportation Plan (PTP) as detailed in Exhibit A. The ordinance was adopted on first reading on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The bonds are special, limited obligations payable solely from pledged revenues, specifically the one-half of one percent (0.5 percent) discretionary sales surtax. The drawdown program is intended to provide a more efficient funding solution for the Multi-Year Capital Plan (MYCP) by allowing funds to be borrowed as needed, reducing costs and optimizing resource use. The ordinance also authorizes the undertaking to finance projects within the People's Transportation Plan.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN ORDINANCE
Miami-Dade County is authorizing the issuance of up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be issued as drawdown bonds under a drawdown bond program to fund certain transportation and transit projects within the People's Transportation Plan (PTP) as detailed in Exhibit A. The ordinance was adopted on first reading on June 16, 2026, and a public hearing is scheduled for July 21, 2026. The funding mechanism is the 0.5 percent discretionary sales surtax. The issuance of these bonds is intended to provide a more efficient funding solution for the Multi-Year Capital Plan (MYCP) by allowing the County to borrow funds as needed, reducing costs and optimizing resource use. Details, terms, and specific projects will be determined in subsequent resolutions.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Ordinance
- Decision:
- Adopted on first reading
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN 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 be issued as 'Drawdown Bonds' initially, with a maximum of $200,000,000.00 outstanding at any time in this mode. These bonds can be converted to fixed rate or alternate floating rate bonds later. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution details various interest rate modes, payment terms, and administrative procedures for these bonds. The specific transit projects to be funded are described in Appendix A, which is not included in this document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, 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 Rate Bonds or Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The County Mayor or designee is authorized to finalize terms, execute agreements, and select agents. The bonds are special, limited obligations payable solely from Pledged Revenues and do not represent a debt of the County or pledge its faith and credit.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN 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 alternate floating rates. 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 oversee the issuance and conversion process. This legislative matter is in draft form and has an agenda date of July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, 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 associated 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 rate or alternate floating rate bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The resolution details various terms, definitions, and procedures related to the bond issuance, conversion, and repayment. The matter is currently in draft status and pending BCC assignment.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN 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. 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 resolution details various terms, interest rates, and procedures for bond issuance, conversion, and repayment. The Office of Management and Budget is the requester, and the resolution is sponsored by Anthony Rodriguez. The agenda date is July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN 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.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, 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 Rate Bonds or Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the purchaser for the Drawdown Bond Program. The County Mayor or designee is authorized to finalize terms, execute agreements, and manage the issuance and conversion processes. The projects to be funded are described in Appendix A of the resolution.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft
- Applicant:
- Office of Management and Budget
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