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65 ILCS 5/9-2-103
(65 ILCS 5/9-2-103) (from Ch. 24, par. 9-2-103)
Sec. 9-2-103.
Except as otherwise provided in Section 9-2-113, notice shall
be given by the board of local improvements that bids will be received for
the construction of such an improvement, either as a whole or in such
sections as the board shall specify in its notice, in accordance with the
ordinance therefor. This notice shall state the time of opening of the
bids, and shall further state where the specifications for the improvement
are to be found, and whether the contracts are to be paid in cash or in
bonds, and if in bonds, then the rate of interest the vouchers or bonds
shall draw. The notice shall be published at least twice, not more than 30
nor less than 15 days in advance of the opening of the bids, in one or more
newspapers designated by the board of local improvements in an order
entered in its records, published in the municipality, or, if no newspaper
is published therein, then in one or more newspapers with a general
circulation within the municipality. In municipalities with less than 500
population in which no newspaper is published, publication may instead be
made by posting a notice in 3 prominent places within the municipality.
Proposals or bids may be made either for the work as a whole or for
specified sections thereof. All proposals or bids offered shall be
accompanied by cash, or by a check payable to the order of the president of
the board of local improvements in his official capacity, certified by a
responsible bank,
for an amount which shall not be less than 10% of the
aggregate of the proposal, or by a bid bond, for an amount which shall be not
less than 10% of the aggregate of the proposal. These proposals or bids
shall
be delivered to
the board of local improvements. That board, in open session, at the time
and place fixed in the specified notice, shall examine and publicly declare
the proposals or bids. However, no proposals or bids shall be considered
unless accompanied by such a check or cash.
(Source: P.A. 91-296, eff. 1-1-00.)
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