DLA WITH MQ TMB HOLDINGS LLC

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

The Board of County Commissioners adopted Resolution R-610-26 (File Number 261252) approving a Development Lease Agreement between Miami-Dade County and MQ TMB Holdings, LLC for a 310,026 square foot parcel at Miami Executive Airport. The lease is for an initial term of 25 years with one five-year renewal option. The development includes a fixed-based operator (FBO) terminal, three aircraft hangars, fuel facilities, and ancillary infrastructure. 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 resolution directs the County Mayor to seek approval from traffic and consulting engineers and the Federal Aviation Administration. The item was introduced on 7/7/2026 and adopted on 7/21/2026. The Aviation and Seaport Committee forwarded it with a favorable recommendation on 6/8/2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited review timeframes. The development site is located north of the entrance road at SW 128 Street and east of SW 138 Avenue. The project will be built in two phases, each with a $3,500,000.00 investment. Phase 1 includes a 30,000 SF hangar and a 15,000 SF hangar, with completion within 36 months. Phase 2 includes a 30,000 SF hangar/building for an aviation school and an FBO terminal, with completion within 60 months. The County will own all improvements upon completion. MQ TMB is a first-time leaseholder at TMB. The land was valued at $2,000,000.00. MQ TMB will pay $0.37 per square foot for land rent, totaling $9,559.14 per month. Improvement rent will be paid on an increasing scale starting in year 6. MQ TMB will provide a Community Benefit to the George T. Baker Aviation Technical College through donations per gallon of fuel sold. MQ TMB agrees to work with the FAA, County, and MDAD's Noise Abatement Advisory Board to minimize noise impacts. The project is estimated to create over 60 temporary construction jobs and more than 30 permanent jobs. The DLA includes a 180-day Due Diligence Period. The item was sponsored by Commissioner Roberto J. Gonzalez. The final action was on 7/21/2026.