DLA WITH CR AVIATION LEASING, LLC

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

Resolution approving a Development Lease Agreement between Miami-Dade County and CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The lease is for 30 years with one five-year renewal option. CR Aviation will develop aviation hangar facilities and ancillary infrastructure, with a minimum investment of $4,000,000.00. The County will receive an estimated $5,188,663.00 in rent and other revenue over the initial term, plus $1,620,000.00 in improvement rent, totaling $6,808,663.00. The project includes demolition of Buildings 109, 109A, and 109B, and construction of a 40,000 square foot hangar. The resolution was adopted by the Board of County Commissioners on 7/21/2026. The agreement is subject to conditions precedent, including approval from MDAD's traffic engineers, consulting engineers, and the Federal Aviation Administration. The Aviation and Seaport Committee forwarded the item with a favorable recommendation on 6/8/2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited permit review. The document states no public comment or stakeholder sentiment.