DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County Board of County Commissioners adopted Resolution R-610-26 (File No. 261252) on July 21, 2026, approving a 25-year Development Lease Agreement (DLA) with one five-year renewal option between the County and MQ TMB Holdings, LLC for a 310,026 square foot parcel at Miami Executive Airport (TMB). The project is for the development of aviation hangar facilities, a taxi lane, and ancillary infrastructure, including a fixed-based operator (FBO) terminal, three aircraft hangars, fuel facilities, and a flight training school. The minimum investment is $7,000,000.00, with an estimated $6,372,695.00 in projected revenue to the County over the initial term. The development site is located north of the entrance road at SW 128 Street and east of SW 138 Avenue. The resolution directs the County Mayor to seek approval from traffic and consulting engineers and the Federal Aviation Administration (FAA) as conditions precedent. The item was introduced on July 7, 2026, and the Aviation and Seaport Committee forwarded it with a favorable recommendation on June 8, 2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited permit review. The DLA includes a 180-day Due Diligence Period, two development phases, and a Community Benefit donation to the George T. Baker Aviation Technical College. The project is estimated to create over 60 temporary construction jobs and more than 30 permanent jobs. The land was valued at $2,000,000.00. The DLA is subject to conditions precedent including MDAD's receipt of 707 Certificates from Traffic Engineers and Consulting Engineers and FAA approval. The County Mayor or designee is authorized to execute the lease and must provide an executed copy to the Property Appraiser's Office within 30 days of lease execution. No public comment or stakeholder sentiment is stated in the document.