DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County Board of County Commissioners adopted a Resolution 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 agreement, for a term of 25 years with a five-year renewal option, allows MQ TMB to develop aviation hangar facilities, taxi lane, and ancillary infrastructure. The minimum investment by MQ TMB is $7,000,000.00, with projected revenue to the County of $6,372,695.00 over the initial term. The development will be phased, with Phase 1 construction to be completed within 36 months and Phase 2 within 60 months of DLA execution. The agreement includes provisions for noise abatement and community benefits, such as fuel donations to George T. Baker Aviation Technical College. The resolution was adopted on July 21, 2026, following a favorable recommendation from the Aviation and Seaport Committee.