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Fountain Hills board approves sale of two district properties to Toll Brothers
Summary
After executive-session negotiations the Fountain Hills Unified School District board approved agreements to sell the Aspen Drive and Arroyo Vista properties to Toll Brothers and instructed staff to proceed with escrow and closing steps.
The Fountain Hills Unified School District board voted to approve agreements of sale and escrow instructions for two district-owned parcels — Aspen Drive and Arroyo Vista — with homebuilder Toll Brothers.
Board president moved the motion after the board met in executive session to discuss negotiations and instruct its representatives. Both motions were seconded and carried by voice vote.
District administration said the agreements were the product of negotiations conducted in executive session to protect the district’s bargaining position. On returning to the public meeting the board approved the sale motions and directed staff to complete escrow instructions and next steps.
The moves follow an executive-session discussion the board identified as relating to the “purchase, sale, or lease of real property.” No sale prices or detailed purchase terms were announced during the public meeting; administration said those items were discussed in executive session and will be finalized through escrow.
The board also moved to table a separate action item that had been recommended in executive session for additional follow-up. The agenda for the next business meeting will include any required public disclosures related to the property transactions and the board’s approvals.
