Notice is hereby given that the City Council of the City of Urbana, Illinois will hold a public hearing at 7:00 p.m., Monday, July 25, 2011, in the Council Chambers of the Urbana City Building, 400 South Vine Street, Urbana, for the purpose of receiving public comment regarding a proposed agreement authorizing the sale of a parcel of real estate owned by the City commonly known as 107 East Oreg