ITN_GRM260331_Development_-_Affordable_Housing_-_Lot__2220-005-003_-_Exhibit_A_-_Legal_Description_2220-005-003_58d28478.pdf

This is a Legal Description Exhibit (Exhibit A) prepared for the City of Ocala's Invitation to Negotiate (ITN# GRM/260331) regarding the development of affordable housing on a specific parcel. The document provides the legal property description for Lot # 2220-005-003, which is located in Section 12, Township 15, Range 21, and specifically identifies the property as the western 30 feet of Lot 3 and the eastern 45 feet of Lot 4 within the Belvedere Subdivision, Block E, as documented in Plat Book F, Page 034. This property is the subject parcel for which the City seeks proposals from qualified for-profit and non-profit developers, builders, partnerships, and agencies to construct affordable and safe residential units designed to increase housing availability in Ocala for households earning up to 120% of Area Median Income, as defined by the United States Department of Housing and Urban Development.

The ITN seeks proposals for residential development on the described parcel, with housing units to be designed for either rent or homeownership in accordance with the parcel's current zoning designation. Prospective developers must meet minimum qualifications and demonstrate proven experience, financial resources, and professional expertise in developing, marketing, and managing quality, affordably priced residential units. The City's Selection Committee will review all proposals and conduct interviews to recommend one or more proposals to City Council. Title transfer will not occur until all terms of sale are complete, and deed language will require title reversion to the City if construction is not initiated within a specified timeframe. The City reserves the right to request additional documentation and financing information as necessary and may reject any or all proposals.