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Gilbert to pursue due diligence on sale of two parcels at San Tan Village Parkway and Ray Road
Summary
Economic-development staff will complete appraisals, surveys and environmental studies to prepare two town-owned parcels (about 19 acres and 5 acres) for public sale; council members signaled support to continue the sale process and staff will brief council in executive session on the recommendation.
The town’s economic-development staff said they will continue due diligence work needed to pursue a public sale of two town-owned parcels at the northeast corner of San Tan Village Parkway and Ray Road and will return to council in executive session with a recommendation.
Jennifer Graves, economic‑development staff, told council the two parcels include a larger north parcel of just under 19 acres (currently zoned Public Facilities Institutional) and a smaller corner parcel of just over 5 acres (zoned community commercial). Staff has completed title work, an ALTA survey and a Phase I environmental assessment and is finishing a geotechnical study and appraisals.
Sale process and constraints
Graves described two sale pathways: if appraised value is between $1.5 million and $15 million, state procurement rules allow the town to advertise and sell by invitation for bid after council resolution and public notice; if the property appraises above $15 million, state law would require voter approval before sale and an auction process. In either path staff said the property would be sold for the appraised value or higher to the highest cash bidder, but that council reserves the right to reject any and all bids.
Council direction and timing
Council members present gave staff verbal direction to continue due diligence and to return with a formal recommendation in executive session. Staff estimated the earliest potential sale could occur in fall 2025 but said final timing depends on the outcome of appraisals, environmental/geotechnical studies and council action following executive-session review.
Ending
If council later authorizes sale, staff said it will follow the appropriate public process (invitation for bid or voter-approved auction), sell at or above appraised value and can reject bids if council chooses. Staff will bring detailed materials to an executive session for council consideration before any sale is finalized.
