DLA WITH CR AVIATION LEASING, LLC

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

The Miami-Dade Board of County Commissioners adopted Resolution R-611-26 (File Number 261253) on July 21, 2026, approving a 30-year Development Lease Agreement with one five-year renewal option between the County and CR Aviation Leasing, LLC for a 222,870 square foot parcel at Miami Executive Airport. The project involves the demolition of Buildings 109, 109A, and 109B and construction of a 40,000 square foot aviation hangar with associated pavement, office space, and infrastructure. The minimum investment is $4,000,000.00, with an estimated $5,188,663.00 in rent and other revenue due to the County over the initial term, plus $1,620,000.00 in improvement rent, for a total projected revenue of $6,808,663.00. The agreement is subject to conditions precedent including approval from MDAD's traffic engineers, consulting engineers, and the Federal Aviation Administration. The resolution also affirms RER's commitment to expedited permit review, with a maximum review time of five business days per permit submittal. The Aviation and Seaport Committee forwarded the item with a favorable recommendation on June 8, 2026, with an amendment adding 'whereas' clauses about RER's dedicated permitting staff and expedited review. The project is expected to create approximately 225 temporary jobs and 25 permanent jobs. CR Aviation will also establish an Apprenticeship Readiness Pipeline with George T. Baker Aviation Technical College. The lease includes a 180-day due diligence period. Construction is phased, with Phase 1 completion within 18 months and Phase 2 completion within 36 months of the execution date. The land was valued at $2,600,000.00. The item was introduced on July 7, 2026, and the final action was July 21, 2026. The sponsor was Commissioner Roberto J. Gonzalez. The document does not state a specific street address for the parcel beyond 'Miami Executive Airport'.