DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County Board of County Commissioners is considering 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. The lease term is 25 years with a five-year renewal option. The County anticipates an estimated $6,372,695.00 in revenue over the initial term. The agreement requires approval from traffic and consulting engineers and the Federal Aviation Administration (FAA). The development will occur in two phases, with Phase 1 completion targeted within 36 months and Phase 2 within 60 months of the DLA execution. The agreement also includes provisions for noise abatement and community benefits, such as fuel donations to George T. Baker Aviation Technical College. The Aviation and Seaport Committee recommended approval with amendments related to expedited permit reviews.