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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
[case 261079 (R-621-26)] Miami-Dade County adopted Resolution R-621-26 (File Number 261079) authorizing the issuance of Transit System Sales Surtax Revenue Bonds in a principal amount not to exceed $350,000,000.00 for transportation and transit projects under the People's Transportation Plan. The bonds will be issued through a Drawdown Bond Program with Wells Fargo Municipal Capital Strategies, LLC as the lender/bond purchaser, with no more than $200,000,000.00 outstanding in drawdown mode at any one time. The resolution was introduced on 6/10/2026 and adopted on 7/21/2026. The specific projects are described in Appendix A to the resolution, which is not included in the provided text. The resolution also waives provisions of Resolution No. R-130-06, as amended, and cross-references file no. 260970.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County (Office of Management and Budget)
TRANSIT DRAWDOWN RESOLUTION
The document authorizes the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under the Transit Drawdown Program. Proceeds fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. Wells Fargo Municipal Capital Strategies, LLC is selected as purchaser. The source of repayment is the 0.5 percent discretionary sales surtax. The document does not list specific project addresses, acreage, or zoning changes; it is a financing mechanism for countywide projects. Public comment sentiment is not stated.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended
- Applicant:
- Miami-Dade County Department of Transportation and Public Works
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
The document authorizes the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under the Transit Drawdown Program. Proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold to Wells Fargo Municipal Capital Strategies, LLC. The document does not specify a project site, address, parcel, acreage, or zoning change. The recommendation is to adopt the Series 2026 Resolution. Key dates include the CITT meeting on June 24, 2026, and the competitive solicitation released on April 22, 2026. The decision is not stated as approved, denied, or deferred; it is a recommendation for Board adoption.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for Board adoption
- Applicant:
- Miami-Dade County Department of Transportation and Public Works
TRANSIT DRAWDOWN RESOLUTION
[case 261079] The document is a legislative resolution authorizing the issuance of up to $350,000,000 in Transit System Sales Surtax Revenue Bonds for transportation and transit projects under the People's Transportation Plan. It does not specify any particular project site, address, or parcel. The resolution was adopted by the Board of County Commissioners on 7/21/2026. The bonds will be sold to Wells Fargo Municipal Capital Strategies, LLC under a drawdown program, with a maximum of $200,000,000 outstanding at any one time. The document includes detailed terms for the bonds, including interest rates, conversion options, and related agreements. 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
TRANSIT DRAWDOWN RESOLUTION
[case 261079 (Resolution R-621-26)] This document is a legislative resolution (File Number 261079, Resolution R-621-26) adopted by the Miami-Dade County Board of County Commissioners on 7/21/2026. It authorizes the issuance of up to $350,000,000 in Transit System Sales Surtax Revenue Bonds for transportation and transit projects under the People's Transportation Plan. The bonds will be issued through a drawdown program with Wells Fargo Municipal Capital Strategies, LLC as the purchaser, with a maximum of $200,000,000 outstanding at any one time. The resolution approves the negotiated sale, authorizes the County Mayor to finalize terms, and waives provisions of Resolution No. R-130-06. It does not list specific project sites, addresses, or construction scopes. Public comment sentiment is not stated in the document. The document is a Board of County Commissioners item authorizing the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds as drawdown bonds, with no more than $200,000,000 outstanding at any one time, to fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The recommendation is to adopt the Series 2026 Resolution, select Wells Fargo Municipal Capital Strategies, LLC as purchaser, fund issuance costs and reserve requirements, and waive Resolution No. R-130-06. The item is placed for Board consideration pursuant to Miami-Dade County Code Section 29-124(f), with CITT expected to forward a recommendation at its June 24, 2026 meeting. The bonds are repaid from a 0.5 percent discretionary sales surtax. The initial minimum draw is $10,000,000, and subsequent draws are a minimum of $1,000,000. Wells Fargo provided the most favorable proposal with a spread of 0.59 percent and a fee for unutilized amounts of 0.25 percent. 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:
- Miami-Dade County (sponsor: Commissioner Anthony Rodriguez; requester: Office of Management and Budget)
TRANSIT DRAWDOWN RESOLUTION
The document is a Board of County Commissioners item authorizing the issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds as drawdown bonds, with no more than $200,000,000 outstanding at any one time, to fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold through a direct placement to Wells Fargo Municipal Capital Strategies, LLC, selected through a request for proposals. The repayment source is the 0.5 percent discretionary sales surtax. The item recommends adoption of the Series 2026 Resolution, which also waives Resolution No. R-130-06. The item may only be considered if the Citizens' Independent Transportation Trust forwards a recommendation or 45 days have elapsed since filing; it is expected the CITT will have a resolution on its June 24, 2026 agenda. 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:
- recommended
- Applicant:
- Miami-Dade County
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
Board of County Commissioners in Miami-Dade County posted this record to its public file. The posted document carries a title and no readable project detail, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official document link above and watch for the fuller record the body posts later.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
TRANSIT DRAWDOWN RESOLUTION
Board of County Commissioners in Miami-Dade County posted this record to its public file. The posted document carries a title and no readable project detail, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official document link above and watch for the fuller record the body posts later.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
TRANSIT DRAWDOWN RESOLUTION
[case 261079] This document is a legislative resolution authorizing the issuance of up to $350,000,000 in Transit System Sales Surtax Revenue Bonds for transportation and transit projects under the People's Transportation Plan. It establishes a drawdown bond program with Wells Fargo Municipal Capital Strategies, LLC as the purchaser. The resolution was adopted by the Board of County Commissioners on July 21, 2026. No specific project sites, addresses, or construction scopes are identified in the document text. The document is a Board of County Commissioners agenda item recommending adoption of a Series 2026 Resolution authorizing issuance of up to $350,000,000 of Miami-Dade County Transit System Sales Surtax Revenue Bonds as drawdown bonds, with no more than $200,000,000 outstanding at any one time, to fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold via direct placement to Wells Fargo Municipal Capital Strategies, LLC, selected through a competitive solicitation. The resolution also requests a waiver of Resolution No. R-130-06. The document does not list specific project addresses, acreage, or zoning changes. The CITT is expected to forward a recommendation at its June 24, 2026 meeting. The proposed spread is 0.59 percent and the fee for unutilized amounts is 0.25 percent. Initial minimum draw is $10,000,000 and subsequent draws minimum $1,000,000. Repayment source is the 0.5 percent discretionary sales surtax. 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
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
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 floating rates later. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion process. This is a legislative matter, currently in draft form, with an agenda date of July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft (Resolution)
- Applicant:
- Miami-Dade County, Office of Management and Budget (Requester)
TRANSIT DRAWDOWN RESOLUTION
This legislative item, a resolution in draft status, authorizes the issuance of Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, in one or more series, not to exceed $350,000,000.00. The purpose is to fund transportation and transit projects for the Department of Transportation and Public Works and cover associated issuance costs. The bonds will be issued through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for variable interest rates with a maximum of $200,000,000.00 outstanding at any time in the drawdown mode, with the option to convert to fixed or alternate floating rates later. The resolution details various definitions related to bond types, interest rates, payment agents, and operational procedures. It is scheduled for an agenda on July 21, 2026.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- In Draft / Pending BCC Assignment
- 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 interest rate modes, definitions, and procedures for bond issuance, conversion, and remarketing. The 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, 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 or alternate 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 the bonds, including definitions for different bond types and modes. The County Mayor is authorized to finalize terms and execute necessary documents. The projects to be funded are described in Appendix A, which is not included in the provided text. 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 / Pending BCC Assignment
- Applicant:
- Office of Management and Budget
TRANSIT DRAWDOWN RESOLUTION
Board of County Commissioners in Miami-Dade County posted this record to its public file. The posted document carries a title and no readable project detail, so there is no site, no size and no applicant on file for it yet. Local businesses that want to follow it can open the official document link above and watch for the fuller record the body posts later.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
TRANSIT DRAWDOWN RESOLUTION
Miami-Dade County is authorizing the issuance of Transit System Sales Surtax Revenue Bonds, in one or more series, with a principal amount 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, interest rates, conversions, and repayment. 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
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