Municipal Property Corporations (MPC) are legal entities established to 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.
Ideal Candidate Statement
The ideal candidate for the Water Resources Municipal Property Corporation will be satisfied with the sometimes 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.
Annual Meeting - 2nd Monday of January
Location: Town of Gilbert Municipal Center
Open Meeting Law
Agendas and notices are posted at least 24 hours prior to a meeting or event. Agendas are removed from the website after the meeting.
Draft minutes are posted to the website within three working days of a meeting. The draft minutes contain all legal action taken.
The Town of Gilbert endeavors to make all public meetings accessible to persons with disabilities. Persons needing any type of special accommodations are asked to notify the Town Clerk's Office at least 72 hours in advance. Requests for accommodation made less than 72 hours in advance cannot be guaranteed.