DLA WITH CR AVIATION LEASING, LLC

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

Resolution adopted on 7/21/2026 approving a 30-year development lease agreement with one five-year renewal option between Miami-Dade County and CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport for development of aviation hangar facilities and ancillary infrastructure. Minimum investment of $4,000,000.00. Estimated $5,188,663.00 in rent and other revenue over initial term, plus $1,620,000.00 in improvement rent, totaling $6,808,663.00. Construction in two phases: Phase 1 includes demolition of Building 109B and construction of a 40,000 square foot hangar; Phase 2 includes demolition of Buildings 109 and 109A and build-out of the hangar. Conditions precedent include approval from MDAD traffic engineers, consulting engineers, and the Federal Aviation Administration. Public comment sentiment: not stated.