Recovery agreement for construction of master planned street.
Miami City Code § 54-63
in effectSec. 54-63. - Recovery agreement for construction of master planned street.
(a) Upon recommendation by the director of resilience and public works to the city manager, an agreement, in a form acceptable to the city attorney, may be entered into between the owner(s) of a property adjacent to a right-of-way subject to a street master plan and the city to provide for the complete reconstruction of such street by the property owner(s) with repayment from the trust fund and other legally available sources as provided herein and subject to the following:
(1) Payments from the trust fund shall be limited as follows:
a. That which is currently deposited in the trust fund and attributable to deposits from property owners within the same street master plan area where the property adjacent to such right-of-way lies; and
b. That which is deposited in the trust fund subsequent to the execution of the agreement from other property owners within the same street master plan area where the property adjacent to such right-of-way lies.
(2) Payments from all other legally available sources shall be limited as follows:
a. Those legally available funds currently budgeted and allocated for the specific right-of-way or a project that includes the right-of-way; and
b. No payment obligating the expenditure of such funds beyond the current budget year may be in such agreement unless the same is approved by the city commission.
(Ord. No. 13948, § 2, 12-10-20)
Source: City of Miami, Florida, City Code, City Charter, Special Acts and Related General Laws (Municode Library, library.municode.com)URL: https://library.municode.com/fl/miami/codes/code_of_ordinances?nodeId=PTIITHCO_CH54STSI_ARTIICOEXRE_S54-63REAGCOMAPLSTFetched: 11/1/2026