DLA WITH MQ TMB HOLDINGS LLC

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

Miami-Dade County Board of County Commissioners adopted Resolution R-610-26 (File No. 261252) on 7/21/2026, approving a 25-year Development Lease Agreement (DLA) with one 5-year renewal option between the County and MQ TMB Holdings, LLC for a 310,026 square foot parcel at Miami Executive Airport (TMB). The project involves development of aviation hangar facilities, a taxi lane, and ancillary infrastructure, including a fixed-based operator (FBO) terminal, three aircraft hangars, fuel facilities, and a flight training school, with a minimum investment of $7,000,000.00 and estimated $6,372,695.00 in revenue to the County over the initial term. The resolution directs the County Mayor to seek approvals from traffic and consulting engineers and the Federal Aviation Administration (conditions precedent). The Aviation and Seaport Committee forwarded the item with a favorable recommendation on 6/8/2026 with amendments adding 'whereas' clauses about RER's dedicated permitting staff and expedited permit review. The development site is located north of the entrance road at SW 128 Street and east of SW 138 Avenue. The project will be built in two phases: Phase 1 includes one 30,000 SF and one 15,000 SF hangar, with construction completion within 36 months; Phase 2 includes one 30,000 SF hangar/building and one FBO terminal, with completion within 60 months. MQ TMB will pay $0.37 per square foot for land rent ($114,709.62 annually) and improvement rent on an increasing scale. The DLA includes a Community Benefit with donations to George T. Baker Aviation Technical College. MQ TMB estimates over 60 temporary construction jobs and more than 30 permanent jobs. The land was valued at $2,000,000.00. No public comment or stakeholder sentiment is stated in the document.