8A4 - RESOLUTION APPROVING, PURSUANT TO SECTION 125.35(1)(B)(1), FLORIDA STATUTES, DEVELOPMENT LEASE AGREEMENT ( — AGREEMENT — ) BETWEEN THE COUNTY, AS LANDLORD AND AIR SAL, INC. ( — AIR SAL — ) AS TENANT AND DEVELOPER, OF APPROXIMATELY 457,966 SQUARE FEET OF COUNTY-OWNED LAND AT MIAMI EXECUTIVE AIRPORT ( — TMB — ) FOR A TERM OF 30 YEARS, WITH ONE FIVE-YEAR RENEWAL OPTION FOR THE DEVELOPMENT OF AVIATION HANGAR FACILITIES, A FIXED-BASED OPERATOR TERMINAL, AND ANCILLARY INFRASTRUCTURE, FOR AN ESTIMATED $14,170,511.00 IN RENTS AND OTHER REVENUES TO THE COUNTY OVER THE INITIAL 30-YEAR 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; DIRECTING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO OBTAIN AN UNCONDITIONAL TERMINATION INSTRUMENT FROM PENINSULA AVIONICS, INC., AS A CONDITION PRECEDENT TO THE EFFECTIVENESS OF THE AGREEMENT WITH AIR SAL, INC.; AUTHORIZING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO EXECUTE THE AGREEMENT, TO TAKE ALL ACTIONS NECESSARY TO EXECUTE SAME, AND TO EXERCISE ALL RIGHTS CONFERRED THEREIN, INCLUDING THE TERMINATION RIGHTS; WAIVING THE REQUIREMENTS OF IMPLEMENTING ORDER 8-4 FOR COMMISSION AUDITOR REVIEW; AND DIRECTING THE COUNTY MAYOR OR COUNTY MAYOR'S DESIGNEE TO PROVIDE AN EXECUTED COPY OF THE AGREEMENT TO THE COUNTY PROPERTY APPRAISER'S OFFICE IN ACCORDANCE WITH RESOLUTION NO. R-791-14(Aviation Department)