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HomeMy WebLinkAboutAgenda Report - December 17, 1997 (106)CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Report of Sale of Scrap Metal MEETING DATE: December 17, 1997 SUBMITTED BY: Finance Director RECOMMENDED ACTION: Information only. This report is made to the City Council in compliance with Lodi Municipal Code Section 2.12.120. BACKGROUND INFORMATION: On January 15, 1997, the City Council authorized the sale of scrap wire and metal which accumulates during the course of normal utility operations in calendar year 1997. On November 25, 1997, the Purchasing Division completed the final sale for 1997 of accumulated lots of scrap metal. The sole bidder, Modesto Junk Company, paid $4,812.98 for the items listed below. Insulated Aluminum Insulated Copper Bare Copper Scrap Iron 5,897 lbs. 3,137 lbs. 361 lbs. 4,429 lbs. Bid forms were sent to five scrap metal dealers; only one responded. No response was received from the following prospective bidders: Allsafe Industrial, Victor B & G Machinery, Lodi I B International, Yorba Linda Sunshine Steel Enterprises, Sacramento FUNDING: None required. Revenue generated: $4,812.98. Total 1997 revenue: $20,641.99 Prepared by Joel Harris, Purchasing Officer APPROVED: Y� . -�a44. ft. .7,0_."21- Vicky Mc hie, Finance Director H. DI ON FLYNN City Manager