Reporting Our Progress
During 2010, nearly 90 Building Better Communities – General Obligation Bond (BBC-GOB) projects were completed bringing the grand total of projects completed since the inception of the program in 2005 to 450.
As of the end of 2010, four bond sales totaling nearly $767 million in proceeds have been conducted. Of this amount, nearly $749 million have been invested in both large and small projects throughout Miami-Dade County.
The next bond sale for the program, approved by the Board of County Commissioners (Board) on March 1, 2011 and valued at $200 million will fund more than 250 projects throughout the County. A commercial paper program valued at $400 million, which will be presented to the Board for approval in June 2011, will supplement the $200 million from this bond sale and help keep these projects moving forward during the next phase of the program.
This work will continue to improve the County’s infrastructure and facilities so that they can be enjoyed by future generations of Miami-Dade County residents.
Making a Difference
As the newly elected County Mayor, I am committed to the continued momentum of the Building Better Communities General Obligation Bond (BBC-GOB) Program. We are proud to report that nearly 450 projects were completed by the end of 2010 and approximately $750 million in BBC-GOB funds have been invested in the community to date.
And, we aren't letting up. This year, the Board of County Commissioners approved the next bond sale for the program valued at $200 million. This bond sale will fund more than 250 projects, many of which are shovel ready. Some of these projects are the Villa Capri Affordable Housing Development, the Arcola Lakes Park Senior Center, the next phase of the Miami Art Museum, improvements to the ZooMiami Lakeside Playground, the Curtiss Mansion, renovations to the Biltmore Hotel and many other facilities.
Thanks to the BBC-GOB Program, hundreds of companies and thousands of people have found work during a difficult economic time. These projects are critical to job creation and economic stimulus in our community, and they are improving the quality of life in Miami-Dade County for years to come.
It is truly an honor to serve the citizens of Miami-Dade County. I pledge to continue to work with the BBC-GOB Citizens’ Advisory Committee and the Board of County Commissioners to make our community an even better place to live.