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Gilbert seeking volunteers for two town 'municipal property corporations'

Posted 11/24/23

The town of Gilbert is seeking applicants for a regular opening on the Gilbert Public Facilities Municipal Property Corporation and two openings on the Water Resources Municipal Property Corporation. …

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Government

Gilbert seeking volunteers for two town 'municipal property corporations'

Posted

The town of Gilbert is seeking applicants for a regular opening on the Gilbert Public Facilities Municipal Property Corporation and two openings on the Water Resources Municipal Property Corporation.  

Municipal property corporations are legal entities established that provide a financing mechanism for certain capital improvement projects. Historically, these corporations have been used to finance debt for growth-related projects with much of the debt service paid by system development fees.  

Participation and expectations vary tremendously from year to year. In years when bonds are not sold, there is often just one annual meeting, which is required to review the annual finances for the MPC. In other years when a bond sale is anticipated, much might be required of the MPC. 

The ideal candidate for either position will be satisfied with often limited activity, but also fully engaged when the need arises. He/she will have demonstrated ability to: 

  • understand moderately complex financial statements; 
  • process complex information and draw reasonable conclusions; and 
  • work effectively with other corporation members and with staff. 

Members must reside within town limits and be qualified electors. They typically serve three-year terms. Both boards typically meet annually or as needed. 

These are volunteer, unpaid positions. 

All applicants will be required to complete a one-way video interview to move forward in the selection process. 

Apply on-line for either position at https://commissions.gilbertaz.gov/apply/. There are several openings at this time. Applicants should be sure to select the correct application from the dropdown menu. 

Those applicants who would like to request a paper application should contact Judy Martinez at 480-503-6791 or judy.martinez2@gilbertaz.gov. 

Applications must be submitted by 11:59 p.m. on Sunday, Dec. 10, 2023. 

Additional information is available by calling the Clerk’s Office at 480-503-6791.