DEVELOPMENT LEASE AGREEMENT WITH MQ TMB HOLDINGS

Aviation and Seaport Committee · 2026-06-08 · resolution

Miami-Dade County is approving a Development Lease Agreement (DLA) with MQ TMB Holdings, LLC for a 310,026 square foot parcel of land at Miami Executive Airport. The project involves the development of aviation hangar facilities, taxi lane, and ancillary infrastructure, with a minimum investment of $7,000,000.00 by MQ TMB. The lease term is 25 years with a five-year renewal option. The County anticipates an estimated $6,372,695.00 in projected revenue over the initial term. The development will occur in two phases, with Phase 1 construction to be completed within 36 months and Phase 2 within 60 months of the DLA execution. MQ TMB is required to invest $3,500,000.00 in each phase. The agreement includes provisions for noise abatement and community benefits through fuel donations to George T. Baker Aviation Technical College. The DLA is subject to conditions precedent, including approvals from traffic and consulting engineers and the Federal Aviation Administration (FAA).