RFP_GRM220445_Development_Opportunity_-_1749_W._Silver_Springs_Boulevard_and_105_SW_19th_Avenue_-_Exhibit_E_-_1749_E_Silver_Spring_ESA_Phase_I.pdf

This is a Phase I Environmental Site Assessment (ESA) report prepared as Exhibit E to support RFP# GRM/220445, issued by the City of Ocala, Florida, for a development opportunity located at 1749 W. Silver Springs Boulevard and 105 SW 19th Avenue. The Phase I ESA evaluates approximately 0.45 acres of City-owned property proposed for mixed-use development, which may include single or two-family housing, professional and business offices, hairstyling shops, medical and dental offices, and complementary commercial uses. The assessment was conducted to provide environmental baseline information and identify potential environmental liabilities or concerns associated with the subject property prior to development. The City issued the ITN in 2026, with written questions due by March 2, 2026, and sealed electronic submissions required by March 19, 2026, at 2:00 p.m. EST via www.bidocala.com. Selected developers must commence construction within six months of closing and complete the project within eighteen months, with failure to initiate construction resulting in title reversion to the City and forfeiture of all deposits.

The property consists of parcels 2260-110-023 and 2260-110-026, with an appraised fair market value of $90,000 as of September 2022, establishing the minimum required purchase price. The Phase I ESA report is provided to prospective developers as part of due diligence documentation and will inform feasibility and development planning. Developers must submit comprehensive financial documentation including two years of federal corporate income tax returns, current financial statements, project pro formas, construction cost estimates, and evidence of equity investment and financing commitments. The City and Community Reinvestment Area (CRA) may provide development incentives including contributions toward permits and fees, grants, Tax Increment Financing (TIF) payments, and infrastructure improvements, subject to fund availability and CRA approval. No set-asides, disadvantaged enterprise preferences, or incumbent vendors are identified, as this opportunity involves development of vacant City-owned property. All costs and terms are subject to individual negotiation with the selected developer, with final approval required from City Council.