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HomeMy WebLinkAboutAgenda Report - June 19, 1996 (85)CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Report of Sale of Scrap Metal MEETING DATE: June 19, 1996 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 17, 1996, the City Council authorized the sale of scrap wire and metal which accumulates during the course of normal utility operations in calendar year 1996. On May 31, 1996, the Purchasing Division completed the second sale of accumulated lots of scrap metal. The high bidder, Modesto Junk Company of Modesto, paid $2,212.79 for the items listed below. Insulated Aluminum 2,066 lbs. Insulated Copper 1,482 lbs. Bare Copper 307 lbs. Scrap Iron 1 lot Bid forms were sent to four scrap metal dealers; three responded. Following is a summary of the bids received: Modesto Junk Co., Modesto $2,212.79 B & G Machinery, Lodi $1,943.60 Sunshine Steel, Sacramento $1,909.77 FUNDING: Prepared by Joel Harris, Purchasing Officer None required. Revenue generated: $2,212.79. Vicky McAthie, Vinance Director APPROVED:H. DIXON FLYNN City Manager