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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 be used to 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 outlines the terms, conditions, and authorization for the issuance, sale, conversion, and remarketing of these bonds. The agenda item is 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
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 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 bonds are special, limited obligations payable solely from Pledged Revenues and do not pledge the faith and credit of the County.
- 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 resolution details various terms, interest rates, and procedures for bond issuance, conversion, 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
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 specific transit projects to be funded are detailed 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 issuance costs. The bonds will 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 projects to be funded are described in Appendix A, which is not included in the provided text. The matter is 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
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. 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 initially 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 outlines various definitions, authorities, terms, and procedures related to the bond issuance, conversion, and repayment. The projects to be funded are described in Appendix A, which is not included in this document. The matter is in draft status and pending BCC assignment. The agenda date is 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, 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 through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for up to $200,000,000.00 to be outstanding at any time in a drawdown mode, with the option to convert to fixed or alternate floating rates later. The funds will be used for projects outlined in Appendix A of the resolution, which are part of the People's Transportation Plan. The County Mayor is authorized to finalize terms, execute agreements, and oversee the issuance and conversion processes. 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. 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 or alternate floating rate bonds. 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 select agents. 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:
- Miami-Dade County, 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 be issued through a drawdown bond program, initially with Wells Fargo Municipal Capital Strategies, LLC, allowing for up to $200,000,000.00 to be outstanding at any time in a drawdown mode, with the option to convert to fixed or alternate floating rates later. The funds will be used for transit capital improvement projects as described in Appendix A of the resolution. The County Mayor is authorized to finalize terms, execute agreements, and manage the issuance and conversion of these bonds. This is a legislative matter currently in draft, with an agenda date of 7/21/2026.
- 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 adopted Resolution 261079 on July 21, 2026, 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 be issued as 'Drawdown Bonds' through a program with Wells Fargo Municipal Capital Strategies, LLC, with a maximum of $200,000,000.00 outstanding at any time in the Drawdown Mode. These bonds can be converted to fixed rate or alternate floating rate bonds. The resolution authorizes the County Mayor to finalize terms, execute agreements, and select agents. The projects to be funded are described in Appendix A, which are transit capital improvement projects within the People's Transportation Plan. The bonds are special, limited obligations payable solely from Pledged Revenues, not the faith and credit of the County.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- 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. 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 initially be issued as Drawdown Bonds, with a maximum of $200,000,000.00 outstanding at any time in this mode. These can be converted to Fixed Rate Bonds or Alternate Floating Rate Bonds. Wells Fargo Municipal Capital Strategies, LLC has been selected as the lender/bond purchaser for the Drawdown Bond Program. The County Mayor or designee is authorized to finalize terms, execute documents, and manage the conversion and remarketing processes. The projects to be funded are transit capital improvement projects within the People's Transportation Plan, as described in Appendix A (not provided in the document).
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution in Draft, Pending BCC Assignment. Authorizing issuance of bonds.
- Applicant:
- Miami-Dade County, Office of Management and Budget (Requester)
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 outlines the terms, conditions, and authorization for the issuance, sale, conversion, and remarketing of these bonds. The specific transit projects to be funded are detailed in Appendix A, which is not provided in this document. 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 up to $350,000,000.00 in Transit System Sales Surtax Revenue Bonds. These bonds will be used to finance 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 in this mode. These Drawdown Bonds can be converted to Fixed Rate Bonds or, with a supplemental resolution, to Alternate Floating Rate Bonds. 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, conversion, and remarketing of these bonds. The projects to be financed are detailed in Appendix A of the resolution.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Resolution authorizing issuance of bonds is in draft.
- Applicant:
- Miami-Dade County
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
The document is a legislative item for a non-competitive designated purchase to extend Contract No. BW-10026 for Transit Performance Analysis Software, provided by Swiftly, Inc., for the Department of Transportation and Public Works (DTPW). The Board of County Commissioners adopted the resolution on 7/21/2026, authorizing an additional five years and $5,307,410 in expenditure authority, for a total modified contract value of $10,031,578. The contract will expire on August 31, 2031. The software is used countywide for transit performance analytics. 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 Department of Transportation and Public Works (DTPW); vendor is Swiftly, Inc.
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
Miami-Dade County Board of County Commissioners approved a non-competitive designated purchase for Transit Performance Analysis Software (Contract No. BW-10026) provided exclusively by Swiftly, Inc. This approval authorizes an additional five-year extension, ending August 31, 2031, and increases expenditure authority by $5,307,410, bringing the total modified contract value to $10,031,578. This extension is to ensure continuity of critical services during the procurement and implementation of a new Transit CAD/AVL system. A Request to Advertise for the replacement system is anticipated in late 2026. Public comment is not stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Approved
- Applicant:
- Miami-Dade County Department of Transportation and Public Works (DTPW)
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
The document is a legislative item for a non-competitive designated purchase to extend Contract No. BW-10026 for Transit Performance Analysis Software. The contract is with Swiftly, Inc. for software used exclusively by the Department of Transportation and Public Works (DTPW). The Board of County Commissioners adopted the resolution on 7/21/2026, authorizing a five-year extension and $5,307,410 in additional expenditure authority, bringing the total modified contract value to $10,031,578. The contract will expire on August 31, 2031. The software provides transit performance analytics and real-time operational data for Metrobus, Metrorail, Metromover, contracted services, and municipal circulators. The extension is needed to maintain continuity of services while DTPW procures and implements a replacement Transit CAD/AVL system. Competition is not practicable because Swiftly is the proprietary owner and sole provider of the software. The vendor's principal address is 49 Stevenson Street Suite 700, San Francisco, CA. The contract manager is Alonzo Joseph of DTPW. The procurement contract manager is Vanessa Stroman of the Strategic Procurement Department. The item was forwarded to the Board with a favorable recommendation by the Transportation Committee on 6/9/2026. The resolution was introduced on 5/20/2026. 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 Department of Transportation and Public Works (DTPW)
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
Miami-Dade County Board of County Commissioners approved a non-competitive designated purchase for Transit Performance Analysis Software (Contract No. BW-10026) provided by Swiftly, Inc. The approval authorizes an additional five-year contract term, extending it through August 31, 2031, and adds $5,307,410 in expenditure authority, bringing the total modified contract value to $10,031,578. This extension is to ensure continuity of services while the Department of Transportation and Public Works (DTPW) procures and implements a replacement for the aging Transit Computer Aided Dispatch and Automated Vehicle Locator (CAD/AVL) system, which is expected to incorporate the software's functionality. Competition was deemed not practicable due to the proprietary nature of the software and the significant time and resources required for an interim alternative. A Request to Advertise for the replacement system is anticipated in late 2026. Public comment was not stated in the document.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Approved
- Applicant:
- Miami-Dade County Department of Transportation and Public Works (DTPW)
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
The document is a legislative item for a non-competitive designated purchase to extend Contract No. BW-10026 for Transit Performance Analysis Software. The Board of County Commissioners adopted the resolution on 7/21/2026. The contract is extended for five years with an additional $5,307,410 in expenditure authority, bringing the total modified contract value to $10,031,578. The contract will expire on August 31, 2031. The software is provided exclusively by Swiftly, Inc. and is used by the Department of Transportation and Public Works. The action was forwarded to the Board with a favorable recommendation by the Transportation Committee on 6/9/2026. 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 Department of Transportation and Public Works
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
The document is a legislative item for Miami-Dade County, File Number 260940, a Resolution (R-642-26) adopted on 7/21/2026. It authorizes a non-competitive designated purchase for Contract No. BW-10026, Transit Performance Analysis Software, for the Department of Transportation and Public Works (DTPW). The action extends the contract term by 60 months through August 31, 2031, and authorizes an additional $5,307,410 in expenditure authority, for a total modified contract value of $10,031,578. The software is provided exclusively by Swiftly, Inc. and is used countywide across all transit modes. The contract expires on August 31, 2026, with a current cumulative allocation of $4,724,168. The vendor is Swiftly, Inc., located at 49 Stevenson Street Suite 700, San Francisco, CA. The item was forwarded to the Board of County Commissioners with a favorable recommendation by the Transportation Committee on 6/9/2026. 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 Department of Transportation and Public Works (DTPW)
TRANSIT PERFORMANCE ANALYSIS SOFTWARE
The document is a legislative item for a non-competitive designated purchase to extend Contract No. BW-10026 for Transit Performance Analysis Software. The contract is extended by five years with an additional $5,307,410 in expenditure authority, bringing the total modified contract value to $10,031,578. The software is provided exclusively by Swiftly, Inc. and is used by the Department of Transportation and Public Works (DTPW) for transit performance analytics. The action was adopted by the Board of County Commissioners on July 21, 2026. The contract will expire on August 31, 2031. The current cumulative allocation is $4,724,168. The extension is needed to maintain continuity of services while DTPW procures a replacement Transit CAD/AVL system. A Request to Advertise for the replacement is anticipated in late 2026. The vendor is Swiftly, Inc. at 49 Stevenson Street Suite 700, San Francisco, CA. The contract manager is Alonzo Joseph of DTPW. The procurement contract manager is Vanessa Stroman of the Strategic Procurement Department. The item was forwarded to the Board with a favorable recommendation from the Transportation Committee on June 9, 2026. The item was introduced on May 20, 2026. The resolution number is R-642-26. The file number is 260940. The agenda item number is 8N8. The vote required was a two-thirds vote. The cost reduction negotiated from the vendor's initial proposal was $321,441. The software supports Metrobus, Metrorail, Metromover, contracted services, and municipal circulators. The funding source is DTPW Operating Fiscal Year 2025-26 Adopted Budget, Volume 2, Page 132, Other Operating. The contract was initially awarded through Resolution No. R-38-20 on January 22, 2020. Additional time and expenditure authority was approved through Resolution No. R-644-23 on July 6, 2023. The impact is countywide. 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 Department of Transportation and Public Works (DTPW)
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