DEVELOPMENT LEASE AGREEMENT WITH KASE LLC

Board of County Commissioners · 2026-09-01 · resolution

Resolution approving a development lease agreement between Miami-Dade County and KASE LLC for county-owned land at Miami Executive Airport (TMB), expanding KASE's premises from 435,884 square feet to 645,088 square feet, demolishing Buildings 232, 233, 234, and 235, and developing aviation hangar facilities, a fixed-based operator terminal, fuel farm facilities, and ancillary infrastructure. The lease term is 30 years with one five-year renewal option. Estimated revenue to the county is $17,612,737.00 over the initial term, including a separate payment of $624,124.00. The resolution directs the County Mayor to seek approval from traffic and consulting engineers and the Federal Aviation Administration. The item was introduced on 8/25/2026, assigned to the County Attorney, and is pending a Board of County Commissioners assignment for the agenda date of 9/1/2026. The status is 'In Draft'.