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HomeMy WebLinkAboutAgenda Report - September 18, 1996 (66)CITY OF • i • • • FO AGENDA TITLE: Report of Sale of Scrap Metal MEETING DATE: September 18, 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 August 21, 1996, the Purchasing Division completed the third sale of accumulated lots of scrap metal. The high bidder, Sunshine Steel Enterprises of Sacramento, paid $3,907.82 for the items listed below. Insulated Aluminum 6,179 lbs. Insulated Copper 2,793 lbs. Bare Copper 155 lbs. Scrap Iron 1 lot Bid forms were sent to four scrap metal dealers; three responded. Following is a summary of the bids received: Sunshine Steel, Sacramento $3,907.82 Modesto Junk Co., Modesto $3,809.54 B & G Machinery, Lodi $3,198.87 FUNDING: Prepared by Joel Harris, Purchasing Officer None required. Revenue generated: $3,907.82. Vicky McAthie, Finance Director APPROVED: c7 -- H. -N. DIXON FLYNN City Manager