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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 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
[case File Number: 261079; Reference: R-621-26] Miami-Dade County adopted Resolution R-621-26 (File Number 261079) authorizing the issuance of Transit System Sales Surtax Revenue Bonds in an aggregate principal amount not to exceed $350,000,000.00, with no more than $200,000,000.00 outstanding in Drawdown Mode at any one time, to finance or refinance Transit System Sales Surtax Projects for the Department of Transportation and Public Works. The bonds are issued under a Drawdown Bond Program with Wells Fargo Municipal Capital Strategies, LLC as the lender/bond purchaser. The resolution was introduced on 6/10/2026 and adopted on 7/21/2026. The specific projects are described in Appendix A to the resolution, which is not included in the provided text. The resolution also waives provisions of Resolution No. R-130-06, as amended, and cross-references file no. 260970. No public comment or stakeholder sentiment is stated in the document. This document is a Board of County Commissioners agenda item for Miami-Dade County, Florida, authorizing the issuance of up to $350,000,000 of Transit System Sales Surtax Revenue Bonds as drawdown bonds, with no more than $200,000,000 outstanding at any one time. The proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The recommendation is to adopt the Series 2026 Resolution, select Wells Fargo Municipal Capital Strategies, LLC as purchaser, and waive Resolution No. R-130-06. The document does not describe a specific construction project, site, or address.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County; Prime Sponsor: Anthony Rodriguez; Requester: 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. 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
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 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
[case 261079 (Resolution R-621-26)] The 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 $350,000,000.00 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 no more than $200,000,000.00 outstanding at any one time. The resolution does not specify any particular project site, address, parcel, or acreage. It is a financing authorization, not a development approval. No public comment or stakeholder sentiment is stated in the document. 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, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under a 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 resolution selects Wells Fargo Municipal Capital Strategies, LLC as purchaser, waives Resolution No. R-130-06, and delegates authority to the Mayor or designee to sell bonds, determine terms, and convert to fixed rate. The source of repayment is the 0.5 percent discretionary sales surtax. The item may only be considered if the Citizens' Independent Transportation Trust forwards a recommendation or 45 days have elapsed since filing. The CITT is expected to 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:
- Adopted
- Applicant:
- Miami-Dade County (Office of Management and Budget); Prime Sponsor: Anthony Rodriguez
TRANSIT DRAWDOWN RESOLUTION
The document authorizes the issuance of up to $350,000,000 of Miami-Dade County, Florida Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under a drawdown bond program. The proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold through a direct placement to Wells Fargo Municipal Capital Strategies, LLC, selected through a request for proposals. The source for repayment is the 0.5 percent discretionary sales surtax. The document recommends Board adoption of the Series 2026 Resolution, which also waives Resolution No. R-130-06. The document does not specify a 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, 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
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
The document authorizes the issuance of up to $350,000,000 of Miami-Dade County, Florida Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under a drawdown bond program. The proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The bonds will be sold through a direct placement to Wells Fargo Municipal Capital Strategies, LLC, selected through a request for proposals. The source of repayment is the 0.5 percent discretionary sales surtax. The document recommends Board adoption of the Series 2026 Resolution, which also waives Resolution No. R-130-06. The document does not specify a project site, address, parcel, acreage, or zoning change. The document states the CITT is expected to have a resolution on its agenda for June 24, 2026, and the item may only be considered if CITT forwards a recommendation or 45 days have elapsed since filing. The document does not include public comment or stakeholder sentiment.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- recommended for Board adoption
- Applicant:
- Miami-Dade County (applicant/issuer); Wells Fargo Municipal Capital Strategies, LLC (purchaser)
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
[case 261079 (Resolution R-621-26)] Miami-Dade County adopted Resolution R-621-26 (Legislative Item 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 document does not list specific project addresses, acreage, or zoning changes. The document authorizes the issuance of up to $350,000,000 of Miami-Dade County, Florida Transit System Sales Surtax Revenue Bonds, with no more than $200,000,000 outstanding at any one time, as drawdown bonds under a Transit Drawdown Program. The proceeds will fund budgeted projects in the Miami-Dade Department of Transportation and Public Works' Multi-Year Capital Plan under the People's Transportation Plan. The recommendation is to adopt the Series 2026 Resolution, which authorizes the issuance, selects Wells Fargo Municipal Capital Strategies, LLC as purchaser, funds issuance costs, and waives Resolution No. R-130-06. The item is placed for Board consideration pursuant to Miami-Dade County Code Section 29-124(f), and may only be considered if the Citizens' Independent Transportation Trust forwards a recommendation or 45 days have elapsed. The CITT is expected to have a resolution on its June 24, 2026 agenda. The bonds will be repaid from a 0.5 percent discretionary sales surtax. The initial minimum draw is $10,000,000, with subsequent draws of at least $1,000,000. The proposed spread is 0.59 percent, and the fee for unutilized amounts is 0.25 percent. The document does not specify a single project site, address, parcel, acreage, or zoning change; it covers countywide projects.
- Board:
- Board of County Commissioners
- Date:
- 2026-07-21
- Type:
- Resolution
- Decision:
- Adopted
- Applicant:
- Miami-Dade County (Office of Management and Budget); Prime Sponsor: Anthony Rodriguez
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
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