Advisory committee accepts due diligence and directs brokers to extend financing deadline for 3.5‑acre site

At its May 27 meeting at the Phoenix Aviation Civic Center, the Phoenix Aviation Advisory Committee voted to accept due diligence on a 3.5‑acre parcel and to direct brokers to pursue an extension of the closing date to allow the buyer to complete financing.

Staff member Jeff summarized the action for the record, saying that "Fiera has reviewed [the] 3.5‑acre property" and that the advisory group should accept the due diligence and ask brokers to extend the financing/closing deadline. The motion was put to roll call and approved.

The committee gave the statutory executive‑session notice under ARS 19‑26602(E) earlier in the meeting, stating the session would cover deliberations with designated negotiators on real property transactions and that media were barred from reporting the deliberations themselves. The committee’s public action here followed that notice; no formal decision had been made in executive session, consistent with the cited statute.

Vote record reported on the public roll call during the motion recorded Member Hammond, Member Alpert, Member Guthrie, Member Kay, Member Gonzales and Member Volpe as voting yes; one member was absent. The committee did not identify a formal mover or seconder for the motion on the public record in the transcript.

Next steps: staff will direct brokers to pursue the financing‑deadline extension and report back to the committee on timing and any further conditions the buyer or lenders require.