Sale of Property in Pontoon Beach, Illinois

Notice is hereby given that electronic bids will be accepted by the Madison County Mass Transit District (Seller) for the following parcel(s) of surplus property described as: A private roadway running along and adjacent to the East line of the Southwest Quarter of Section 16, Township 3 North, Range 9 West of the 3rd Principal Meridian and South of the South right of way line of the Norfolk & Western Railroad and North of and adjacent to the North right of way line of Illinois Route 162. Parcel ID No. 17-1-20-16-00-000-015. The Seller will transfer the property “AS IS” to the successful bidder via a Quit Claim deed. The transfer is subject to the terms and conditions contained in this notice, and the bid packet and its attachments. Potential bidders are advised to conduct their own title work and confirm zoning classification prior to bidding. A minimum bid of Eighteen Thousand Dollars ($18,000.00) U.S. currency is required. An Earnest Money Deposit in the amount of Five Thousand Dollars ($5,000) must be delivered to the Seller no later than 2:00pm on the bid closing date of December 1, 2026. Funds shall be paid via Cashiers Check made out to Madison County Transit. If the bidder fails to timely remit the Deposit within the time period specified above, the Seller may deem the bid to be an ineligible bid. The Earnest Money Deposit paid by any unsuccessful bidders shall be returned after the Seller's board has approved the execution of the sales agreement for this property, anticipated at the Thursday, December 17, 2026, board meeting. The Earnest Money Deposit paid by the successful bidder shall be retained by the Seller and applied to the Purchase Price at the closing. If the successful bidder fails to complete the purchase of the property, the Earnest Money Deposit shall be forfeited by the bidder and retained by the Seller. The Seller reserves the right to reject any and all bids, negotiate with the highest bidder(s), or waive technical formalities. In the event of a tie, the Seller will consider the date and time of the earliest bid received as the tie breaker. Interested bidders may not enter the property for inspection or any other purpose related to this bid procedure without first receiving prior written permission from the Seller. Bids must be submitted electronically at mct-act.bonfirehub.com during the open bid period.