ITN_GRM260331_Development_-_Affordable_Housing_-_Lot__2220-005-003_-_Exhibit_B-_Parcel_Identification_Information.pdf

This is a Parcel Identification Information exhibit supporting an Invitation to Negotiate (ITN) issued by the City of Ocala, Florida, for the development of affordable housing on Lot # 2220-005-003. The City seeks proposals from qualified for-profit and non-profit developers, builders, partnerships, and agencies to construct affordable and safe residential units meeting the City Council's goal of increasing affordable housing availability for ownership and rental in Ocala. The project involves developing either multi-family or single-family units for rent or homeownership in accordance with the parcel's current zoning designation, with housing benefiting households up to 120% of Area Median Income as defined by the U.S. Department of Housing and Urban Development. Prospective developers must demonstrate proven experience, financial resources, and professional expertise to develop, market, and manage quality, affordably priced residential units. The City's Selection Committee will review all proposals, conduct interviews, and recommend one or more proposals to City Council based on established evaluation criteria, with City Council retaining the right to accept any proposal serving the public interest or reject any or all proposals.

The file serves as parcel identification documentation supporting the ITN process. Title transfer will not occur until all sale terms are complete, with deed language included to allow title reversion to the City if construction is not initiated within specified timeframes. The City reserves the right to request additional information or documentation as reasonably necessary to determine financing of construction for the developed units. This exhibit provides essential property identification information to support potential bidders' evaluation and proposal development for the affordable housing development opportunity.