ITN_GRM250245_Development_-_Affordable_Housing_-_Lot__2856-003-003_-_Exhibit_C_-_Deed.pdf

This Quitclaim Deed is a legal document involving 13 Argyle Ave - Frostproof, LLC (grantor) and the City of Ocala, Florida (grantee), executed on July 13, 2018. The deed transfers property located at 625 W Silver Springs Pl, Ocala, FL, specifically Lot 3, EXCEPT the East 10 feet, Lot 4 and Lot 5, EXCEPT the West 10 feet, Block 3, Revision of Lincoln Heights Ocala, as recorded in Plat Book A, Page 153, in Marion County, Florida. The transaction was completed for a consideration of ten dollars ($10) and other good and valuable consideration.

The document is part of a broader affordable housing initiative (ITN# GRM/250245) by the City of Ocala, which seeks to increase housing availability for households up to 120% of Area Median Income. The deed includes provisions that allow the City to revert title if construction is not initiated within six months of closing, with construction required to be completed and a certificate of occupancy issued within 18 months. The City reserves the right to monitor progress and ensure compliance with the development agreement, with the ultimate goal of creating affordable residential units that contribute to neighborhood stabilization efforts.