HomeMy WebLinkAboutAgenda Report - May 20, 1998 (62)CITY OF LO D I COUNCIL COMMUNICATION
AGENDA TITLE: Report of Sale of Scrap Metal
MEETING DATE: May 20, 1998
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 7, 1998, the City Council authorized the sale of
scrap wire and metal which accumulates during the course
of normal utility operations in calendar year 1998.
On April 24, the Purchasing Division completed the second sale for 1998 of accumulated lots of scrap
metal. The high bidder, Modesto Junk Company, paid $4,370.47 for the items listed below.
Insulated Aluminum
Insulated Copper
Bare Copper
Scrap Iron
6,891 lbs.
2,452 lbs.
1,437 lbs.
7,963 lbs.
Bid forms were sent to four scrap metal dealers. A summary of the bids received is as follows:
Modesto Junk Company, Modesto
B & G Machinery, Lodi
Allsafe Industrial, Victor
Sunshine Steel Enterprises, Sacramento
$4,370.47
$3, 977.04
$3,921.60
$3,473.39
FUNDING: None required. Revenue generated: $4,370.47
Account Credited: 160.5391
Prepared by Joel Harris, Purchasing Officer
APPROVED:
Vicky McAthie, Finance Director
H. DIXON FLYNN
City Manager