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HomeMy WebLinkAboutAgenda Report - January 19, 1994 (38)CITY OF LODI COUNCIL COMMUNICATION AGENDA TITLE: Sale of Scrap Wire and Metal During 1994 MEETING DATE: January 19, 1994 PREPARED BY: Finance Director RECOMMENDED ACTION: That the City Council authorize the sale of scrap wire and metal at periodic intervals during the calendar year 1994. BACKGROUND INFORMATION: During the course of operations the City utility departments generate quantities of scrap wire and metal. Periodically, the City will sell such quantities to scrap metal dealers on a highest -bid basis. It is projected that the City will hold sale bids for scrap metal at least three times during 1994, in February, June, and October. Therefore, it is staff's recommendation that the City Council authorize advertisement and sale of scrap wire and metal, in accordance with City Code, as is neces- sary during calendar year 1994, and require report of all such sales with- in thirty days of their completion. The current quantities of scrap wire and metal to be advertised for sale in February are as follows: Bare/Insulated Aluminum Wire 3,300 lbs. Insulated Copper Wire 2,400 lbs. Bare Copper Wire 550 lbs. UG Cable (75% Aluminum, 25% Copper) 1,800 lbs. Scrap Transformers (15), Capacitors (4), and Switches (2) 1 Lot Scrap Iron 1 Lot FUNDING: None required. Estimated total revenue from the February sale of scrap wire and metals is $2,000. RA ynn, Ana a irec or Prepared by Joel Harris, Purchasing Officer 00 —� APPROVED: THOMAS A. PETERSON rscyclod Paw City Manager A cC• t