A. Any incorporated city or town may by ordinance authorize an exchange of a parcel of real property owned by that city or town for any other parcel of real property if the parcels of real property are of substantially equal value and the exchange meets the terms and conditions prescribed in the ordinance.

Terms Used In Arizona Laws 9-407

  • Property: includes both real and personal property. See Arizona Laws 1-215
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.

B. Any incorporated city or town may sell a parcel of real property to another political subdivision without following the procedures prescribed in sections 9-402 and 9-403.

C. A notice of intent to exchange or sell any property pursuant to this section shall be published pursuant to section 39-204 before the exchange or sale.

 

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