DLA WITH CR AVIATION LEASING, LLC

Board of County Commissioners · 2026-07-21 · resolution

Miami-Dade County approved a Development Lease Agreement (DLA) with CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The project involves developing aviation hangar facilities and ancillary infrastructure, with a minimum investment of $4,000,000.00. The lease term is 30 years with a five-year renewal option. The county anticipates a minimum of $5,188,663.00 in rent and other revenue over the initial term. The agreement includes phased construction, with Phase 1 completion within 18 months and Phase 2 completion within 36 months of the DLA execution. The resolution also emphasizes the county's commitment to expediting permit reviews for development at MDAD airports. Public comment is not stated in the document.