8A7 - Lease Hangar Development Cr Aviation

RESOLUTION APPROVING, PURSUANT TO SECTION 125.35(1)(B)(1), FLORIDA STATUTES, A DEVELOPMENT LEASE AGREEMENT ( — AGREEMENT — ) BETWEEN THE COUNTY, AS LANDLORD, AND CR AVIATION LEASING, LLC, AS TENANT AND DEVELOPER, FOR A 222,870 SQUARE FOOT PARCEL OF LAND LOCATED AT MIAMI EXECUTIVE AIRPORT, FOR A TERM OF 30 YEARS WITH ONE FIVE-YEAR RENEWAL OPTION, FOR THE DEVELOPMENT OF AVIATION HANGAR FACILITIES AND ANCILLARY INFRASTRUCTURE, WITH A MINIMUM INVESTMENT OF $4,000,000.00 AND AN ESTIMATED $5,188,663.00 IN RENT AND OTHER REVENUE DUE TO THE COUNTY OVER THE INITIAL TERM, SUBJECT TO SATISFACTION OF CONDITIONS PRECEDENT; DIRECTING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO SEEK APPROVAL FROM THE TRAFFIC AND CONSULTING ENGINEERS AND FROM THE FEDERAL AVIATION ADMINISTRATION OF THE AGREEMENT; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE THE LEASE, TO TAKE ALL ACTIONS NECESSARY TO EFFECTUATE SAME, AND TO EXERCISE ALL RIGHTS CONFERRED THEREIN, INCLUDING THE TERMINATION RIGHTS; AND DIRECTING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO PROVIDE AN EXECUTED COPY OF THE LEASE TO THE PROPERTY APPRAISER'S OFFICE WITHIN 30 DAYS OF LEASE EXECUTION [SEE ORIGINAL ITEM UNDER 260700](Aviation Department)