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N D L D Ocala, Florida E Y USeTr Dyasue r gsi neCa9te niMs os … · 2018-12-21 · Com m Runye ti...

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Pi ne Oaks Res i d e nt i a l Dr a i nage I mpr ovem ent s New Wa t er Ma i n New Wa t er Ma i n 1 6 19 2 11 13 14 5 3 12 7 4 10 15 16 18 8 17 9 Ce nsus T r ac t 15 Ce nsus T r ac t 14 . 01 Ce nsus T r ac t 19 Ce nsus T r ac t 20 . 02 Ce nsus T r ac t 18 NW SB I 75 NW NB I 75 NE 35TH ST NE 14TH ST N PI NE AVE NW 35TH ST SW SB I 75 SW NB I 75 NW 10TH ST E SI LVER SP RI NGS BLVD NW 44TH AVE SW 17TH ST W SI LVER SP RI NGS BLVD W HWY 40 SW COLEGE RD NE 25TH AVE NE 7TH ST NE 42ND PL NW 38TH AVE NE 36TH AVE NE JACKSONV I LLE RD SE 17TH ST N US HWY 441 SE 24TH ST NW 27TH AVE SE MARI CAMP RD WEST ANTHONY RD SW 7TH AVE SW 38TH AVE SW 10TH ST NW BL I TCHTON RD NW 16TH AVE NE 10TH ST S PI NE AVE SE 1ST AVE NW 35TH S TREET RD NW GA I NES V I LE RD NW 40TH AVE NW 3RD ST EX I T RD SW 3RD ST ON RAMP NB I 75 EX I T 354 NE 20TH ST NW GA I N ESV I LE RD NW 44TH AVE 0 0 . 5 1 0 . 25 Mi l es . P: Me l ani e/ Op por t uni t y Zones / Ca t a l yt i cSi t es I nOp pZonesAnd CRAs . m xd Catalytic Sites in Opportunity Zones and CRAs Ocala, Florida 07/20/18 Legend Road Cent er l i ne Nea r by Ac t i v e Pr oj ec t s Ca t a l yt i c Si t es Comm uni t y Re de v el op m e nt A r ea C i t y L i mi t s Ap pr ov ed Op p or t uni t y Zones Ocala 489 Commerce Park 113.7 Ac Remaining Si t eNo Zoni ng Ac r eage St r uc t u r es De s i r edUse 1 GU 27 . 82Ex i s t i ng St r uc t u r e sMa i n St r eet Mi xed Use, Cr oskey Com m ons 2 B4 11 . 51Ex i s t i ng St r uc t u r e s Downt own D i s t r i c t Reconnec t ed, Pi ne Av e Cor r i d or 3 B4 7 . 58Ex i s t i ng St r uc t u r e s Downt own Ga t eway 4 B4 4 . 66Ex i s t i ng St r uc t u r e s Downt own D i s t r i c t Reconnec t ed, Pi ne Av e Cor r i d or 5 B4 9 . 12Vacant TBD 6 B4 15 . 37Ex i s t i ng St r uc t u r e sMi xed Use Comme r c i a l 7 B2 4 . 40Ex i s t i ng St r uc t u r e sMi xed Use Res i d e nt i a l , F l ami ngo Mot el B l ock 8 B4 0 . 70Vacant TBD 9 B4 0 . 48Ex i s t i ng St r uc t u r e sTBD 10 B4 3 . 24Vacant TBD 11 B2 18 . 51Ex i s t i ng St r uc t u r e sMi xed Use Comme r c i a l 12 B5 10 . 19Ex i s t i ng St r uc t u r e sUr ban Ga t eway 13 MH 14 . 45Ex i s t i ng St r uc t u r e sMi xed Use 14 B2 13 . 05Ex i s t i ng St r uc t u r e sMi xed Use 15 B3A 2 . 88Ex i s t i ng St r uc t u r e sMi xed Use F l e x, Wa l t on Pr op e r t y 16 GU 2 . 78Ex i s t i ng St r uc t u r e sMi xed Use Res i d e nt i a l , F i r e St a t i on Pr op e r t y 17 GU 1 . 17Vacant Mi xed Use Comme r c i a l , Concor d Lot 18 B3 2 . 41Ex i s t i ng St r uc t u r e sMi xed Use Res i d e nt i a l , SunT r us t Pr op e r t y 19 M3 27 . 94Vacant Ma i n St r eet Mi xed Use, Pi ne Oak Squa r e Osc e ol a T r ak Acqu i fer Rec ha r ge Pa r k I magi ne Nor t h Magnol i a Magnol i a Ar t Xchng Renova t i on F i r e St a t i on #1 SR40 I mpr ovem ent s US T r easu r y Des i gna t es 9 Ce nsus T r ac t s i n Ma r i on Count y as Opp or t uni t y Zones , fr om www. cep. or g, June 15 , 2018 The Tax Cu t s and Jobs Ac t c r ea t ed Opp or t uni t y Zones t o spu r i nves t m e nt i n communi t i es t hr oughou t t he count r y . New i nves t m e nt s i n Op p or t uni t y Zones can r ecei ve pr efer e nt i a l t ax t r ea t m e nt . The CEP pa r t ne r ed wi t h t he C i t y of Oca l a and Ma r i on Count y t o r ecom m end qua l i f i ed ce nsus t r ac t s t o Gover nor Scot t f or i nc l us i on i n t hi s ne w pr ogr am. The Gover nor s r ecom m enda t i ons we r e f or wa r ded t o t he US T r easu r y and appr ova l was gr ant ed t oday . Qua l i f i ed Op por t uni t y Zones r et a i n t hi s des i gna t i on f or 10 ye a r s . I nves t or s can def er t ax on any pr i or ga i ns unt i l no l a t er t han Dec ember 31 , 2026 , s o l ong as t he ga i n i s r ei nves t ed i n a Qua l i f i ed Op p or t uni t y Fund, an i nves t m e nt vehi c l e or gani zed t o make i nves t m e nt s i n Qua l i f i ed Op p or t uni t y Zones . I n add i t i on, i f t he i nves t or hol ds t he i nves t m e nt i n t he Op p or t uni t y Fund for a t l eas t t en ye a r s , t he i nves t or wou l d be el i gi bl e f or an i nc r ease i n i t s bas i s e qua l t o t he f a i r ma r ke t va l ue of t he i nv es t m e nt on t he da t e t ha t i t i s sol d. T r easu r y and t he I RS r ec e nt l y r el eased Op p or t uni t y Zones F r equent l y Asked Ques t i ons t o pr ov i de addi t i ona l i nf or ma t i on on t hi s ne w t ax i ncent i ve. To see a map of qua l i f i ed c ensus t r ac t s , pl ease v i ew t he CDF I m appi ng fea t u r e. Exhibit J J-1
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Page 1: N D L D Ocala, Florida E Y USeTr Dyasue r gsi neCa9te niMs os … · 2018-12-21 · Com m Runye ti d e eol p m eeArn at LmiyC stiti Ap pore dO p pZunyoo ttirne s Ocala 489 Commerce

P ine OaksRe sid e ntial

Drainage Im p rove m e ntsNe w Wate r MainNe w Wate r Main

1 6

19

2

1113

14

5

3

12

7

4

10

15 16

18

8

17

9

Ce nsus Tract 15

Ce nsus Tract 14.01

Ce nsus Tract 19

Ce nsus Tract 20.02

Ce nsus Tract 18

NW SB I75

NW NB I75

NE 35TH ST

NE 14TH ST

N PINE AVE

NW 35TH ST

SW SB I75

SW NB I75

NW 10TH ST

E SILVER SP RINGS BLVD

NW 44TH AVE

SW 17TH ST

W SILVER SP RINGS BLVDW HWY 40

SW COLLEGE RD

NE 25TH AVE

NE 7TH ST

NE 42ND P L

NW 38TH AVE

NE 36TH AVE

NE JACKSONVILLE RD

SE 17TH STN US HWY 441

SE 24TH ST

NW 27TH AVE

SE MARICAMP RD

WEST ANTHONY RD

SW 7TH AVE

SW 38TH AVE

SW 10TH ST

NW BLITCHTON RD

NW 16TH AVE

NE 10TH ST

S P INE AVESE 1ST AVE

NW 35TH STREET RD

NW GAINESVILLE RD

NW 40TH AVE NW

3RD ST

EXIT RD

SW 3RD ST

ON RAMP NB I75 EXIT 354

NE 20TH ST

NW GAINESVILLE RD

NW 44TH AVE

0 0.5 10.25 Mile s.

P:Melanie/Opportunity Zones/CatalyticSitesInOppZonesAndCRAs.mxd

Catalytic Sites in Opportunity Zones and CRAsOcala, Florida

07/20/18

LegendRoad Ce nte rlineNe arb y Active P roje ctsCatalytic Site sCom m unity Re d e ve lop m e nt Are aCity Lim itsAp p rove d Op p ortunity Zone s

Ocala 489 Commerce Park113.7 AcRemaining

Site No Zoning Acre age Structure s De sire d Use1 GU 27.82Existing Structure sMain Stre e t Mixe d Use , Croske y Com m ons2 B4 11.51Existing Structure sDowntown District Re conne cte d , P ine Ave Corrid or3 B4 7.58Existing Structure sDowntown Gate way4 B4 4.66Existing Structure sDowntown District Re conne cte d , P ine Ave Corrid or5 B4 9.12Vacant TBD6 B4 15.37Existing Structure sMixe d Use Com m e rcial7 B2 4.40Existing Structure sMixe d Use Re sid e ntial, Flam ingo Mote l Block8 B4 0.70Vacant TBD9 B4 0.48Existing Structure sTBD10 B4 3.24Vacant TBD11 B2 18.51Existing Structure sMixe d Use Com m e rcial12 B5 10.19Existing Structure sUrb an Gate way13 MH 14.45Existing Structure sMixe d Use14 B2 13.05Existing Structure sMixe d Use15 B3A 2.88Existing Structure sMixe d Use Fle x, Walton P rop e rty16 GU 2.78Existing Structure sMixe d Use Re sid e ntial, Fire Station P rop e rty17 GU 1.17Vacant Mixe d Use Com m e rcial, Concord Lot18 B3 2.41Existing Structure sMixe d Use Re sid e ntial, SunTrust P rop e rty19 M3 27.94Vacant Main Stre e t Mixe d Use , P ine Oak Square

Osce ola Trak

Acquife rRe chargeP ark

Im agineNorthMagnolia

Magnolia ArtXchng Re novation

FireStation#1

SR40 Im p rove m e nts

US Tre asury De signate s 9 Ce nsus Tracts in Marion County as Op p ortunity Zone s, from www.ce p .org, June 15, 2018The Tax Cuts and Job s Act cre ate d Op p ortunity Zone s to sp urinve stm e nt in com m unitie s throughout the country. Ne w inve stm e nts in Op p ortunity Zone s can re ce ive p re fe re ntial taxtre atm e nt.The CEP p artne re d with the City of Ocala and Marion County to re com m e nd qualifie d ce nsus tracts to Gove rnor Scott for inclusionin this ne w p rogram . The Gove rnor’s re com m e nd ations we re forward e d to the US Tre asury and ap p roval was grante d tod ay.Qualifie d Op p ortunity Zone s re tain this d e signation for 10 ye ars. Inve stors can d e fe r tax on any p rior gains until no late r than De ce m b e r 31, 2026, so long as the gain is re inve ste d in a Qualifie dOp p ortunity Fund , an inve stm e nt ve hicle organize d to m akeinve stm e nts in Qualifie d Op p ortunity Zone s. In ad d ition, if the inve stor hold s the inve stm e nt in the Op p ortunity Fund for at le ast te n ye ars, the inve stor would b e e ligib le for an incre ase in its b asis e qual to the fair m arke t value of the inve stm e nt on the d ate that itis sold .Tre asury and the IRS re ce ntly re le ase d Op p ortunity Zone s Fre que ntly Aske d Que stions to p rovid e ad d itional inform ation on this ne w tax ince ntive . To se e a m ap of qualifie d ce nsus tracts,p le ase vie w the CDFI m ap p ing fe ature .

Exhibit J

J-1

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