HomeMy WebLinkAboutAgenda Report - August 2, 1995 (56)CITY OF LODI
COUNCIL COMMUNICATION
AGENDA TITLE: Report of the Sale of Surplus Property
MEETING DATE: August 2, 1995
SUBMITTED BY: Finance Director
RECOMMENDED ACTION: Information only. This report of the sale of city property
is made to the City Council in accordance with Lodi Muni-
cipal Code Section 2.12.120.
BACKGROUND INFORMATION: On April 19 and May 17, 1995, the City Council author-
ized the sale of twenty-eight vehicles and eighty-eight mis-
cellaneous items of surplus city property.
On July 1, the auction company of Roger Ernst & Associates in Modesto sold nine vehicles and eighty-
five miscellaneous items, generating a net revenue of $4,126.25. Additionally, on July 17, the City
completed the sale of one 1987 Honda motorcycle to the high bidder at $1,050. (Four bids were
received; the other three bids were $888, $500, and $200).
Finally, as indicated in the May 17 council communication, net proceeds from the sale of several of the
miscellaneous items will be contributed to the Boosters of Boys and Girls Sports of Lodi ($70), with the
balance of the revenues being returned to the General Fund ($5,106.25).
FUNDING:
Prepared by Joel Harris, Purchasing Officer
None required. Net revenue generated: $5,176.25
Vicky McAthie, A ting Finance Director
APPROVED,Z_ZI.
THOMAS A. PETERS N
City Manager
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