DLA WITH MQ TMB HOLDINGS LLC

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

The Miami-Dade Board of County Commissioners adopted Resolution R-610-26 (File Number 261252) on July 21, 2026, approving a 25-year Development Lease Agreement (DLA) with one five-year renewal option between Miami-Dade County, as landlord, and MQ TMB Holdings, LLC, as tenant and developer, for a 310,026 square foot parcel of land at Miami Executive Airport (TMB). The project involves the development of a fixed-based operator (FBO) aviation hangar facility, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00 and 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 Aviation and Seaport Committee forwarded the item with a favorable recommendation on June 8, 2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited review timeframes. The project will be developed in two phases, with Phase 1 including a 30,000 SF hangar and a 15,000 SF hangar, and Phase 2 including a 30,000 SF hangar/building for an aviation school and an FBO terminal. The DLA includes a Community Benefit provision with donations to George T. Baker Aviation Technical College based on fuel sold. MQ TMB will pay $0.37 per square foot for land rent, totaling $9,559.14 per month, and improvement rent on an increasing scale. The project is expected to create over 60 temporary construction jobs and more than 30 permanent jobs. The land was valued at $2,000,000.00. The item was introduced on July 7, 2026, and the final action was adoption on July 21, 2026, with Commissioner Roberto J. Gonzalez as the prime sponsor. No public comment or stakeholder sentiment is stated in the document.