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 (two 30,000 SF and one 15,000 SF), fuel facilities, taxi lane, 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 project will be developed in two phases. The resolution directs the County Mayor to seek approvals from MDAD traffic engineers, consulting engineers, and the Federal Aviation Administration as conditions precedent. 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 land was valued at $2,000,000.00. The project is estimated to create over 60 temporary construction jobs and more than 30 permanent jobs. MQ TMB will provide a Community Benefit to the George T. Baker Aviation Technical College through fuel sales donations. MQ TMB agrees to work with the FAA, County, and MDAD's Noise Abatement Advisory Board to minimize noise impacts. No public comment or stakeholder sentiment was stated in the document.