DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County is approving a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel of land at Miami Executive Airport. The project involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00. The lease term is 25 years with a one-year renewal option. The County anticipates an estimated $6,372,695.00 in revenue over the initial term. The development will include FBO terminal, aircraft hangars, fuel facilities, concession areas, parking, maintenance and repair space, and a flight training school. The project is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA). The Aviation and Seaport Committee recommended approval with amendments related to expedited permit review. The agreement also includes provisions for community benefits, noise abatement, and adherence to various county codes and ordinances.