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HomeMy WebLinkAboutAgenda Report - November 1, 1995 (59)CITY OF LODi COUNCIL COMMUNICATION Cq<IF A�P AGENDA TITLE: Report of Sale of Scrap Metal MEETING DATE: November 1, 1995 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 4, 1995, the City Council authorized the sale of scrap wire and metal which accumulates during the course of normal utility operations in calendar year 1995. On October 12, 1995, the Purchasing Department completed the sale of accumulated lots of scrap metal. The high bidder, Modesto Junk Company of Modesto, paid $3,773.45 for the items listed below. Insulated Aluminum 3,150 lbs. Insulated Copper 2,785 lbs. Bare Copper 333 lbs. Scrap Iron 1 lot Bid forms were sent to four scrap metal dealers; all responded. Following is a summary of the bids received: Modesto Junk Co., Modesto $3,773.45 Allsafe Industrial, Victor $3,526.94 Sunshine Steel, Sacramento $3,302.04 B & G Machinery, Lodi $3,223.85 FUNDING: None required. Revenue generated: $3,773.45. U Vicky McAthie, Acting Finance Director Prepared by Joel Harris, Purchasing Officer APPROVED: -��-- --� H. D. FLYNN �' City Manager cc -1