Sale of Real Property--Genoa Way

The Town of Fountain Hills has issued a formal Invitation for Bids (IFB-2025-040) for the sale of a specific parcel of real property located at the northeast corner of Fountain Hills Boulevard and Shea Boulevard in Fountain Hills, Arizona. This property, identified as Assessor’s Parcel No. 176-07-363 and known as Genoa Way, is classified as single-family residential subdivision common area land. The sale is conducted under the Town's Procurement Code, strictly on an “AS IS, WHERE IS, WITH ALL FAULTS” basis, emphasizing that the Town provides no warranties regarding the property’s condition, zoning, or suitability. Potential buyers are responsible for their own due diligence, including inspections and compliance with all applicable local, state, and federal regulations. The solicitation was posted on December 5, 2025, with bid submissions due by January 15, 2026, and strict deadlines for inquiries and responses managed via the Town’s official e-Procurement Portal. The minimum bid for the property is set at $361,800, which encompasses the appraised value of $345,600, plus associated appraisal, survey, and administrative fees. The contract stipulates a 60-day performance period following award notification, within which the purchaser must complete payment and title transfer. The Town requires bidders to submit mandatory certifications affirming no collusion, no gratuities or bribery, financial stability, and truthful disclosure. The Town reserves the right to award the sale at its sole discretion and enforces bid irrevocability for 90 days post-submission. Contract clauses focus on risk allocation, indemnification, confidentiality, and buyer obligations, with the purchaser assuming all costs and liabilities related to closing and ownership transfer. No federal standard contract clauses (e.g., FAR) apply; instead, the terms are defined by locally drafted provisions specific to this real estate sale. The contact points for the solicitation are the Public Works Director and the Procurement Administrator of Fountain Hills, ensuring local oversight of the transaction.