ITN_GRM250247_Development_-_Affordable_Housing_-_Lot__2497-005-005_-_Exhibit_A_-_Legal_Description.pdf

Exhibit A is a legal description document from the City of Ocala, Florida, relating to a specific parcel of land identified as SEC 05 TWP 15 RGE 22, located in the Fox Hollow subdivision, Block E, Lot 5, with a parcel number of 2497-005-005. The document is part of an Invitation to Negotiate (ITN# GRM/250247) for an affordable housing development project aimed at constructing residential units to increase housing availability for households up to 120% of Area Median Income.

The City seeks proposals from qualified for-profit and non-profit developers to build either multi-family or single-family units for rent or ownership. Developers must demonstrate experience, financial resources, and expertise in developing affordable housing. The project requires construction initiation within 6 months of closing and completion of units with a certificate of occupancy within 18 months. The City reserves the right to review proposals, conduct interviews, and recommend selections to the City Council, with the potential to reject any proposals. The transfer of property title is contingent upon meeting all sale terms, with a provision for the title to revert to the City if construction milestones are not met.