Submitted By: Roberto Ellis
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Presentation By: Aubrey Hale
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Department: Growth Management
STAFF RECOMMENDATION (Motion Ready):
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Approve award of development opportunity ITN#GRM/210512 and redevelopment agreement with D & S Development, LLC to construct affordable housing units on properties located in the West Ocala CRA subarea.
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OCALA'S RELEVANT STRATEGIC GOALS:
Quality of Place, Economic Hub
PROOF OF PUBLICATION:
A Public Notice relating to the disposal of subject properties was published on September 27, 2021, in the Ocala Star Banner. The notice of Intent to Award was posted on the City of Ocala website on May 3, 2023.
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BACKGROUND: In September 2021, the City of Ocala issued a notice of intent to dispose of public properties within its West Ocala Community Redevelopment Agency (CRA) Subarea. The solicitation (ITN#GRM/210512) was listed from September 21, 2021, to November 4, 2021. The solicitation invited the submission of proposals from qualified residential builders to purchase property and construct affordable housing.
The Procurement and Contracting Department received two proposals. Several negotiation meetings were held with both proposers. During this process, SavannaPub, Inc. opted to withdraw from award consideration. D & S Development, LLC proceeded to agree terms and participate in the financial review process. The total appraised value of all five parcels is approximately $41,174. During the negotiation process, D&S and the City agreed on a purchase price of $7,000 for all parcels. The City will make a property donation valued at $34,174 as an incentive. A Purchase and Sale contract will be processed to convey the properties through a special warranty deed after the inspection period is completed.
D&S Development, LLC is required to invest approximately $559,695 to construct four single-family houses and one duplex apartment on five parcels located in the West Ocala CRA subarea. The attached redevelopmen...
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