The deadline to apply is 11:59 p.m. Nov. 1.
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.
Members must reside within town limits.
Ideal candidates for either corporation will have the demonstrated abilities to understand moderately complex financial statements; to process complex information and draw reasonable conclusions; and to work effectively with other corporation members and with staff.
Interested residents can apply online at https://commissions.gilbertaz.gov/apply/ by pulling down the appropriate board from a drop-down menu.
Applications are also available at the Municipal Center at 50 E. Civic Center Drive, First Floor, Gilbert, from Monday through Thursday between 7 a.m.-5 p.m.
Additional information can be obtained by calling the clerk’s office at 480-503-6791.