NOTICE OF SALE OF PROPERTY OWNED BY THE CITY OF MADISON, ILLINOIS AND INVITATION TO BID THEREON PLEASE TAKE NOTICE THAT the City Council of the City of Madison, Illinois, pursuant to the provisions of 65 ILCS 5/11-76-2, will receive sealed bids for the purchase, under the successful bid, of the City of Madison's entire interest in the following described unimproved and unused portion of real property. REAL PROPERTY: 1. 17-2-20-30-05-101-024 2123 Gillespie St. Minimum $500.00 Bids for the purchase of the City of Madison's interest in the above-described properties are hereby invited and will be received by the City Clerk at City Hall,615 Madison Avenue, Madison, Illinois 62060, between the hours of 8:00 am and 4:30 pm, Monday through Friday, until 2:30 pm, Tuesday, January 20, 2026: Said proposals shall be addressed to: City Council City of Madison, Illinois C/o City Clerk And shall bear the legend "PROPOSAL – SALE OF (insert addresses listed above)" and the name, address, and phone number of the bidder. All bids received will be publicly opened and read aloud at the regular meeting of the City Council of the City of Madison, Illinois, beginning at 6:00 pm on January 20, 2026. The following minimum terms and provisions for the sale of the above-described real properties are as follows: A. That the net proceeds of this sale shall be placed in the City's Capital Improvement Fund #1; and B. The corporate authorities of the City of Madison, Illinois, reserve the right to waive any irregularities in the bidding, review and study any and all bids, and accept the high bid or any other determined to be in the best interest of the City at a vote of 3/4ths of the Corporate Authorities now holding office or to refuse any and all bids for said Parcels by a majority vote of those holding office. C. Properties must be mowed and maintained by purchaser immediately following awarding of bid. D. All bid must be accompanied by a letter of Intent which states what the property will be used for. E. In Addition to said purchase price, any Interested Party, requesting Sale of said property, will pay all costs incurred for Sale of Surplus Property, including but not limited, survey costs, filing fees and all publishing costs in local newspaper (1) time immediately following Resolutions dated January 5, 2026. Dated this 5th day of January, 2026. Kadeja Oliver Deputy City Clerk City of Madison, Illinois IPL0303945 Jan 11 2026