IFB - Sealed Bid Notice

Background
The Town of Gilbert is issuing a sealed bid notice for the sale of town-owned property, specifically Parcel APN: 304-26-888, which contains approximately 18.9 acres. The sale is governed by Arizona Revised Statutes (A.R.S.) §§ 9-402 and 39-204. The goal of this contract is to sell the property to the highest bidder, with the Gilbert Town Council having the discretion to approve or reject bids.

Work Details
The property being sold is located north of the northeast corner of East Ray Road and South Santan Village Parkway. It is zoned as Public Facilities/Institutional (PF/I) and designated in the General Plan for Parks/Open Space (P/OS). The appraised value of the property is $6,390,000, which equates to $7.75 per net square foot as of November 2025.

Bidders must submit their bids electronically by February 2, 2026, at 2:00 p.m., along with a cashier’s check for 10% of their total bid amount as an earnest money deposit. The highest bidder will be announced after bids are opened at 2:30 p.m., and the Gilbert Town Council will consider approval of a Purchase Agreement on February 17, 2026.

Period of Performance
The bidding process will occur on February 2, 2026, with bids due by 2:00 p.m., and opening at 2:30 p.m. The Purchase Agreement must be executed within five business days following the bid opening.

Place of Performance
The property is located in Gilbert, Arizona, specifically at Parcel APN: 304-26-888.

Bidder Requirements
Bidders must provide a cashier’s check for 10% of their total bid amount by the submission deadline. They are required to sign an affidavit confirming due diligence in preparation for bidding and acknowledge that they are purchasing the property 'AS IS' without any warranties from the Town of Gilbert. There are no stated minimum bids; however, property cannot be sold for less than its appraised value.