LANDMARK - FOURTH AMENDMENT

Board of County Commissioners · 2026-05-19 · resolution

Miami-Dade County Board of County Commissioners adopted a resolution approving the Fourth Amendment to a Lease and Development Agreement with Landmark QOZB Construction, LLC. The amendment modifies the lease for approximately 92.95 acres of county property located at 20000 NW 47 Avenue, Miami, Florida. Key changes include increasing the second renewal option to 37 years, modifying the rent schedule with an initial annual base rent of $218,136.00 plus percentage rent, and adjusting the mixed-use development project. The affordable housing component is reduced to no less than 190 units, retail space to a minimum of 24,000 square feet, and warehouse space to a minimum of 1,377,000 square feet. The project now requires the construction of county-owned recreation and sports facilities (9.16 acres), including an indoor community center (at least 36,550 square feet) and a linear park (at least 14.72 acres). The tenant's job creation obligation is reduced to 100 new full-time jobs. The amendment also authorizes easements for stormwater culverts and utilities. Public comment is not stated in this document.