ITN_GRM250245_Development_-_Affordable_Housing_-_Lot__2856-003-003_-_Exhibit_B_-_Parcel_Identification_Information.pdf

This document is a 2024 Property Record Card for a real estate parcel issued by the Marion County Property Appraiser's Office in Ocala, Florida, for a specific property located at 625 W Silver Springs PL, Ocala. The property is owned by the City of Ocala and is part of an Invitation to Negotiate (ITN# GRM/250245) for affordable housing development. The parcel (Parcel ID: 2856-003-003) is a 76-foot wide lot in the Lincoln Heights/Scotts Survey subdivision, with a current land just value of $10,822 and no building value. The property is zoned R3 and is situated in a neighborhood with a 1.00-0.89 lot coverage rate.

The City of Ocala is seeking proposals from qualified for-profit and non-profit developers to construct affordable residential units that can serve households up to 120% of Area Median Income. The development must begin within six months of closing, with full construction and certificate of occupancy to be completed within 18 months. The city reserves the right to revert property title if construction milestones are not met, and developers must demonstrate financial resources and professional expertise in developing and marketing affordable housing units. The property transfer will only occur after all sale terms are complete, and the City Council maintains the right to accept or reject proposals based on their evaluation criteria.